JAG to raise $47.6 million with project bonds in Japan
JAG International Energy aims to raise ¥5.4 billion ($47.6 million) to fund the completion of a 17 MW solar project north of Tokyo.
Japanese venture snaps up 10% of ReNew Power for $200 million
Jera — jointly owned by Japanese utilities Tokyo Electric Power (Tepco) and Chubu Electric Power — will acquire an equity stake in the Indian independent power producer via a subscription to newly issued shares.
Genex Power secures $76.8 million for 50 MW Australian mine PV
The Sydney-based developer has obtained A$100 million ($76.8 million) in funding from Clean Energy Finance Corp. (CEFC) and Societe Generale.
Onyx Solar begins construction on largest solar skylight installation
A new mixed-use building complex being developed by Somerset Development will feature the installation of more than 3,200 solar skylights, which will generate electricity whilst naturally illuminating the complex.
ABB to transfer solar inverter business to new division
The Swiss power electronics company’s 2016 financial report reveals reclassification of its solar inverters as Electrification product – a move intended to aid profitability.
New projects connected in Jordan
Spanish project developers Energoya announced completion of construction on a 23 MW power plant in the town Ma’an, while 3G-ERES connected 3 commercial installations totalling 11.1 MW to boast the first solar powered 5 star hotels in the world.
First Solar to supply modules for 140 MW project in Australia
The U.S. developer today announced it will supply its advanced thin film PV modules to the 140 MW Sun Metals Solar Farm. The project will supply electricity to the Sun Metals zinc refinery, owned by the Korea Zinc Group.
China’s 200% DG solar growth rooted in agriculture sector, finds AECEA
Detailed examination of the National Energy Administration’s official solar PV statistics for China reveals a 200% year-on-year growth in distributed solar. Sector grew by 4.23 GW in 2016.
Australian outlook: solar’s impact felt across range of energy metrics, data shows
Rooftop and large-scale solar contributed to estimated 1% reduction in total power consumption in 2016, prompting 1.3% fall in greenhouse gas emissions and rising share of renewables on the grid.
India’s installed renewable energy capacity surpasses 50 GW
Data from the Ministry of New and Renewable Energy analyzed by Mercom Capital Group shows India’s renewable energy installations have crossed 50 GW, setting the country on course to meet its 2022 goal.
