Independent PV power producer, GCL New Energy (GNE), a division of GCL-Poly is selling a 70% shareholding in 19 PV power plants with an installed capacity of approximately 977MW for RMB 1.74 billion (US$251.5 million).
Fund management firm Copenhagen Infrastructure Partners (CIP) has established a new fund to invest in greenfield renewable energy infrastructure primarily in Asia and Latin America, with expectations of reaching US$1 billion by the final close.
According to Asia Europe Clean Energy (Solar) Advisory Co (AECEA), analysis of China’s National Energy Administration (NEA) consultation paper, released April 10, China will have a subsidy-free solar market with clear policies and frameworks in place, beginning in 2021.
Diversified renewables firm Shunfeng International Clean Energy (SFCE) deal with Hong Kong property tycoon, Kin Ming Cheng, a major shareholder in SFCE is in doubt after the date to secure an agreement to purchase most of the manufacturing operations that included Wuxi Suntech has lapsed.
Sprng Energy, an India-focused renewable energy arm of London-based investor Actis, has acquired a 194MW operational solar portfolio from Mumbai headquartered conglomerate Shapoorji Pallonji Infrastructure Capital (SP Infra) in order to grow its India PV portfolio.