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Canadian Solar Secures Loan from Japanese Syndicate

Canadian Solar projects K.K., a wholly owned subsidiary of Canadian Solar, today announced that it has entered into a syndicated 3-year loan facility for JPY 9.6 billion (US$95 million). Sumitomo Mitsui Banking Corporation (SMBC) is the lead arranger of the agreement.

Fluidic Energy unveils residential storage unit in Arizona

Arizona based Fluidic Energy this week unveiled plans to bring its long duration Zinc air battery to the US residential market.

Azure Global Power announces IPO pricing

Leading Indian developers Azure Global Power announced the pricing of its initial public offering on the New York Stock Exchange. The shares are expected to begin trading today under the symbol AZRE, at an initial price of $18.00 per equity share.

Sunworks seeks federal contracts

California based developer Sunworks this week announced the appointment of Charles E. Cunningham as managing director. The appointment is a strategic move to develop Sunworks federal solar business.

Alterra Power Corp announces financing for Indiana project

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.

India waives transmission charges for renewable projects

India’s 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 subsidiary completes 60 MW California project.

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.

IREDA plans to encourage bond issuance by solar developers

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.

The pv magazine weekly news digest:

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 Solar’s mention in the first U.S. Presidential debate, also make for interesting developments.

Meyer Burger announce major restructuring

Swiss solar technology provider Meyer Burger today announced a company wide restructuring program. The program aims to reduce the company’s overall operating costs by CHF 50 million.