CIT Group, a commercial lending and leasing provider, has served as the sole lead arranger for a US$59.8 million loan facility to China’s GCL New Energy for its 84.5MW solar portfolio in North Carolina.
The Massachusetts Department of Energy Resources (DOER) has decided to put its new solar incentive programme – the Solar Massachusetts Renewable Energy Target (SMART) – on hold in favour of extending its Renewable Energy Credit programme (SREC) indefinitely.
This week's Movers & Shakers focuses on big career moves in Germany, India and the US. SMA Americas plans a major push into the US market, the International Solar Alliance welcomes a new interim director and India's Hartek Group takes on BHEL's Jeet Chhatwal to develop innovative automated systems and procedures for day-to-day activities which further improve productivity and bring more efficiency.
New York has secured a contract with UGE International and Gotham Community Solar to develop and construct the state’s first ever community solar project at a multi-tenant commercial facility in Brooklyn.
Minnesota governor Mark Dayton has vetoed anti-solar bill HF 234/SF 141 that would have removed the authority of the state Public Utilities Commission (PUC) to settle certain electric utility disputes.