The Chinese-Canadian manufacturer has revealed that it has finalized a $50 million term loan from Credit Suisse. It plans to use the loan to fund the expansion of its global PV project pipeline.

A new report analyzing 10 solar markets throughout Africa claims that the continent’s PV market could expand from about 5 GW at present to up to 30 GW by the end of the next decade.

The Spanish developer’s operating revenues reached €12.5 million in the first quarter of 2019, up roughly 35% from the preceding three-month period. EBITDA stood at €4.5 million, up 14% from the fourth quarter of 2018, suggesting that the company has been moving from strength to strength since listing its shares in December.

Global investment in energy hit roughly $1.8 trillion in 2018, broadly similar to levels reported in the preceding year, according to a new report by the International Energy Agency. However, spending on renewables and energy-efficiency initiatives have slowed and the agency notes that its findings are at odds with global efforts to achieve targets set under the Paris Agreement.

The U.S.-based company, which is now supplying solar trackers for more than 400 MW of contracted projects in the U.K., Spain and Greece, will bolster its sales presence in Europe, where it anticipates a “solar renaissance.”

Solar-plus-storage could be competitive against gas peaking power plants in Australia within the next five years, as the average solar-plus-storage LCOE across the Asia-Pacific region is set to fall from $133/MWh this year to $101/MWh by 2023, according to a newly released research report.

Moixa has wrapped up an £8.6 million funding round led by Honda. The U.K. smart battery specialist will use the funds to finance the global expansion of its business managing residential battery systems, electric vehicles and smart charging facilities, as well as the aggregation of battery capacity for grid services.

The international financial institution and the South Korea-based fund have agreed to jointly lend $16.7 million to Chinese developer Universal Energy to build a 30 MWp solar project in the eastern part of the Central Asian country.

Chinese solar plant operators must contend with higher financial costs than companies that run wind farms in the country. And delayed subsidy payments are only complicating their woes, the ratings agency reports.

The storage supplier will set up a mixed-asset virtual power plant that will initially aggregate up to 2 MW of capacity as the first phase of a planned smart local energy system in southern England. Moixa aims to eventually scale the VPP up to 17 MW.