Solar Markets & Finance News

U.S.’s solar developer ReneSola is selling its 15-megawatt portfolio of Hungarian solar power projects under development to Danish investor Obton.

Danish renewables investor and developer Obton Energy has formed a joint venture with Irish solar developer Shannon Energy to develop 500MW of solar in Ireland over five years.

Inline solar cell measurement equipment specialist Aurora Solar Technologies (AST) has secured a new volume order for PERC solar cell measurement systems from what it said was the largest manufacturer of high-efficiency PERC solar cells.

According to SIRC’s announcement, it has secured a $2.7m financing to close acquisitions of two new companies.

NTPC Limited has issued a tender for the installation of rooftop solar projects at two of its locations worth a combined generational capacity of 550 kW.

The UAE Federal Electricity and Water Authority is seeking expressions of interest to enable it to pre-select independent power producers for the project. The plant will be owned 60% by the government of Umm al-Quwain and the electricity authority, with the successful developer owning the balance.

A solar project part of a landmark subsidy-free series in Spain has found a new owner, a major insurance group set to buy the plant as it nears commissioning.

UK solar developer Solarcentury has landed a €54.8 million finance facility to construct 500MW of solar farms in Spain.

The Ministry of Industry, Trade and Energy has issued an expression of interest to pre-qualify developers for two 5 MW solar plants. The facilities will be on the islands of Sal and São Vicente.

Oil&Natural Gas Corp has issued an invitation to tender for development of the 5-megawatt photovoltaic system at its plant located in Hazira.

India has extended a $75m line of credit for development of PV parks in Cuba according to agreement between Cuban agency BEC and Exim Bank of India.

The joint venture between Japanese majors Toshiba, Denso and Suzuki will make the investment in the Gujarat plant over the 2021-25 period, having pumped Rs12.5 billion into the first phase of development.

The Brazilian president said the potential introduction of a grid fee for net metered solar systems will be eliminated thanks to an urgent ad-hoc decree expected to be approved soon by parliament. The proposed ‘solar tax’ would have affected all new PV installations with a generation capacity of no larger than 5 MW under Brazil’s net metering regime.

Sustainable Energy Development Authority figures show the country saw around 94 MW of new rooftop generation capacity added in the first 11 months of last year. That compares to less than 14 MW in the previous three years.

SunPower has appointed a new chief financial officer to the leadership team of its planned manufacturing spin-off, Maxeon Solar Technologies.