Total corporate funding in the solar sector hit US$3 billion in the third quarter of 2016, according to a report released this week by clean energy consulting firm Mercom Capital Group.

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.

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’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.

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

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.

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.

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