Alterra Power and Inovateus have secured a US$8.9 million construction loan from 1st Source Bank for the Kokomo solar project. The project is approximately 7 MW and located in Kokomo, Indiana.
Indias Ministry of Power has announced a waiver of losses and interstate transmission charges for solar and wind projects. India is looking to encourage growth in renewable energy generation, in order to meet ambitious targets.
Canadian Solar announced two big wins this week for its California based subsidiary Recurrent Energy. The company announced commercial operation on its 78 MWp Barren Ridge Project, as well as the signing of a new PPA with community program MCE.
The Indian Renewable Energy Development Agency (IREDA) is planning to trial a Credit Enhancement Guarantee Scheme. The scheme will be aimed at encouraging bond issuance by developers for solar and wind projects that have been running for one year or more.
A tough week of tariff cuts and bankruptcies for the solar industry, although a few success stories from California, India and the Middle East serve to lighten the mood. The strange story of a potential lifeline for SunEdison, as well Solars mention in the first U.S. Presidential debate, also make for interesting developments.
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