Oil giant Shell invests in Singapore solar firm Sunseap
Although the amount of investment remains undisclosed, Shell’s involvement is likely to support substantial expansion of Sunseap’s solar production activities in Singapore and beyond.
Philippine oil firm embarks on another solar venture
PetroEnergy’s clean energy subsidiary receives environmental clearances for construction of 10 MW solar PV plant in the country. Project is the oil firm’s second solar foray.
Shunfeng issues H1 profit warning
The Chinese clean energy giant is expecting losses over the first half of this year to amount to around $49 million following a difficult 2016 and further squeezing of the firm’s activities in 2017.
Italy’s Convert wins 220 MW, $35m tracker deal in Brazil
The Italian solar tracker specialist will deliver and install its TRJ tracking solution to two Brazilian solar PV plants in Sao Pedro and Juazeiro.
India: Azure Power to issue $500m solar green bond
The green bond offering will be the first of its kind to be issued in India, and comes via Azure Power’s stated aim to continue promoting and investing in renewable energy in the country.
IDFC acquires 190 MW of Indian PV projects from First Solar
The infrastructure fund of IDFC Alternatives has signed an agreement to purchase 190 MW worth of solar PV assets from First Solar Power India, an affiliate of First Solar Group. The projects are located om the states of Andhra Pradesh and Telangana.
India solar dumping case reaction: “Tariffs are a half-baked measure”
Rahul Gupta, founder and MD of Indian solar developer Rays Experts tells pv magazine that the anti-dumping case lodged against Chinese, Taiwanese and Malaysian solar companies could deliver temporary blow to India’s solar momentum, but in the longer-term it might be best for the sector.
UK’s Lightsource and BlackRock team on £1bn solar strategy
British renewable energy developer Lightsource has entered into a £1 billion partnership with asset manager BlackRock Real Assets to create Kingfisher, which will target 1 GW of solar capacity in the U.K. Partnership will also eye storage opportunities.
India launches AD probe against Chinese, Taiwanese and Malaysian solar cells
Country’s Directorate General of Anti-Dumping states that it has identified a causal link between dumping and injury of Indian firms, enough to warrant the initiation of the investigation.
VC funding for battery, smart grid and efficiency tech tops $1bn in H1 2017, finds Mercom report
More than $1 billion raised in the first half of 2017 by battery storage, smart grid and energy efficiency companies – up from $807m in H1 2016, finds latest Mercom Capital Group report.
