The funds will be invested in five PV and CSP solar projects in order to strengthen the country's domestic solar manufacturing and speed-up commercialization of new technology.
ReneSola and SunEnergy1 began their collaboration in 2013 and the partnership has resulted in 63 MW of PV installations in the U.S. state of North Carolina.
Financing partner De Lage Landen has agreed to a further investment in the fund, which SunEdison hopes will create new markets by attracting more customers.
A report by the National Renewable Energy Laboratory discovered that non-hardware costs account for up to 64% of the total cost of residential rooftop solar systems.
SolarCity's innovative bond offering, SunEdison's consideration of spinning off key assets into yieldcos and SunPower's geographically diversified portfolio are piquing the interest of market watchers.
Lux Research predicts that far from being outshone by cheap natural gas, solar power will actually benefit from increased gas penetration and achieve cost parity by 2025.
The company is aiming to meet growing demand for energy storage and stabilization solutions as power grids face increasing challenges in coping with ever more renewable energy. Tests are to start in the U.S. early next year.
The asset management company will team up with engineering firm Progressum to deliver 21 PV plants in central-southern England in a deal worth an estimated $490 million.
The Bulgarian government is set to introduced a new 20% tax on renewable energy. The country's PV sector warns the move will scare off investors and reverse the country's progress.
Mascotte's prediction of an impending half-year loss last week must have been an easy call. The company has written off Sun Materials' Yi-Lan plant at a cost of HK$845 million.
A recent solar trade mission to Saudi Arabia saw a clutch of international companies explore first-hand opportunities to develop solar power in the country.
As expected, the EU has effectively announced the summer trade deal will be used as a panacea for its subsidy and dumping investigations. EU manufacturers are sure to be disappointed by the announcement.
San Francisco is set to re-start the Property Assessed Clean Energy program to assist homeowners finance solar installations. Despite opposition by the federal government, the scheme is gaining steam.
The Chinese PV giants have invested $45 million in Yabang Group's subsidiary, Changzhou NESL Solartech Co., and hope to reach 500 MW production capacity within 12 months.
Canadian Solar's apparent victory in its legal dispute with LDK Solar has been overturned by the court that awarded it. The dispute relates to wafer supply contracts which LDK says Canadian Solar broke.
Regional appetite for solar power and growing awareness of environmental issues has prompted Asian governments to support the materials industry, which is now worth $1.94 billion, the analysts report.
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