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The Chinese industrial giant is investing $90 million in its first factory in Brazil. The facility will manufacture electric buses and batteries as well as solar panels and energy storage systems.
The solar manufacturer will partner with Bajaj Finance to offer interest-free financing for solar installations costing less than $4,000.
The company can analyze sites and find ways to build solar parks on land where landowners may not realize it's possible, says Greenpower Capital Senior Vice President Jeff Talbert.
The financing agreement is seen as key to helping San Carlos Solar Energy deliver a larger portfolio of projects to meet the Philippines' growing needs for daytime power and to reduce its reliance on fossil fuels.
Sheikh Mohammed bin Rashid Al Maktoum will award $1 million to any research institute that devises a solar-powered way to solve the region's water scarcity.
Recent political clashes pushed renewable energy to the back burner, but the new energy boss plans to reignite the sector.
The Energy Information Administration's generation projections through to 2040 expect solar power to account for nearly half of new renewable energy capacity.
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