Solar Markets & Finance News

Distributed Solar Development (DSD), a business backed by BlackRock Real Assets’ Global Renewable Power platform and GE Renewable Energy, has closed on a US$250 million fund financed by Morgan Stanley, Silicon Valley Bank and Fifth Third Bank that will be utilised to fund a portfolio of distributed generation projects through 2020.

D. E. Shaw Renewable Investments (DESRI) announced it has acquired First Solar’s Cove Mountain and Cove Mountain 2 projects in Iron County, Utah. The acquisition of the two projects, the sales of which were previously disclosed by First Solar and which total 180 MWAC in capacity, nearly doubles DESRI’s portfolio of First Solar-developed projects to over 360 MWAC.

The Italian fossil fuel company is not hanging around when it comes to diversifying into PV, with almost 1.5 GW of generation capacity plugged in since the start of last year.

The nation’s Central Procurement Board, on behalf of utility NamPower, has announced a tender to select an engineering, procurement and construction services contractor.

Lightsource BP has signed financing agreements to develop its maiden utility-scale solar project in Australia.

Sofdesk, parent company of end-to-end solar software provider Solargraf, has acquired solar sales proposal platform Energy Periscope. On Oct. 21, Solargraf announced its lead generation business would be acquired by Wave Solar.

The central Asian nation and the International Finance Corporation have signed a mandate to develop up to 900 MW of solar capacity through public-private partnerships.

Renewables may be making encouraging advances in the south Asian nation but the natural gas infrastructure deal announced today by the Saudi power company at a stroke eclipses the 375 MW of solar capacity in Bangladesh and its 609 MW development pipeline.

With power production up 133% year-on-year, revenues and EBITDA also rose significantly.

Developers have until November 18 to submit bids for projects anywhere in India. The projects are to be set up on a develop, build, demonstrate and transfer basis.

More than 200 mayors across the US have sent a letter urging Congress to pass a five-year extension of the solar Investment Tax Credit (ITC) with a particular focus on creating jobs and drawing investment.

India's largest utility NTPC has tendered for 1GW of grid-connected solar capacity under the Develop Build Demonstrate Transfer (DBDT) programme.

Bifacial module yields, manufacturer bankability probing and quality benchmarking strategies have all taken centre stage at this year’s edition of PV ModuleTech in Malaysia.

The Uzbek government will rely on support from the International Finance Corporation (IFC) for new public-private partnership (PPP) tenders that will award up to 900 MW of solar projects.

Global renewable energy developer Acciona has signed an agreement with energy developer Tenaska to acquire a portfolio of greenfield solar and energy storage projects in the United States. The development portfolio comprises approximately 3 GW of utility-scale solar and 1 GW of co-located solar and energy storage.