GCL-Poly sells stake to back new polysilicon plant

GCL-Poly Energy has revealed plans to sell off a stake in a subsidiary that is building a massive polysilicon plant in northwestern China, while injecting CNY 2.99 billion ($452.1 million) of fresh capital into another group unit to strengthen the competitiveness of its monocrystalline silicon business.

IMEEI to acquire 60 MW solar stake in China for $73 million

Inner Mongolia Energy Engineering (IMEEI) has agreed to acquire stakes in two companies that own operational PV projects in China for a total of CNY 484.6 million (US$73.25 million).

MBSB to finance 50 MW in Malaysia

Malaysia Building Society Berhad (MBSB) has agreed to provide up to 247 million ringgit (US$60.4 million) of Islamic financing to Solar Management (Seremban) Sdn Bhd to back the development of a 50 MW solar project in Peninsular Malaysia.

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Masdar to build 200 MW floating PV array in Indonesia

Abu Dhabi-based clean energy group Masdar has signed a project development agreement with a unit of Indonesian state utility PT PLN to build a 200 MW floating solar plant.

SUSI to provide $94.3 million to back Canadian storage projects

A fund managed by Swiss investment firm SUSI Partners AG has agreed to provide C$120 million (US$94.3 million) of financing to a unit of energy storage developer NRStor for lithium-ion storage projects in Canada.

Harbor Star to acquire up to 75 MW solar in the Philippines

A subsidiary of Manila-based logistics firm, Harbor Star Shipping Services has agreed to acquire a 60% stake in Astronergy Development Gensan (ADGI), which owns the rights to build a 25 MW solar project in the Philippines.

JRE starts first PV project on major Japanese island

Japan Renewable Energy (JRE) has started operating a 9.8 MW solar array, marking the completion of its first PV project on the Japanese island of Shikoku.

Sparx launches $18 million renewables fund in Japan

A unit of Tokyo-based asset manager Sparx has set up a new JPY 20 billion (US$17.95 million) fund to invest in operational renewable energy projects throughout Japan. 

GCL-Poly unveils $542 million wafer supply deal

A unit of Chinese energy group GCL-Poly Energy has agreed to supply wafers to PV module manufacturer GCL System Integration and one of its subsidiaries in a deal worth up to CNY 3.59 billion ($542.3 million).

Japan’s METI awards 140 MW in first PV auction — report

Japan’s Ministry of Economy, Trade and Industry (METI) has awarded 140 MW of solar capacity to eight companies across nine locations, with the lowest bid coming in at JPY 17.2 ($0.15)/kWh, according to a local media report.