Giving an update on the country’s renewable energy future, Malaysian Environment Minister Yeo Bee Yin said that the government is looking into P2P energy trading schemes and virtual net metering to expand solar uptake. On the residential side, a recent government-led communications push has lifted installation numbers over the last few months.
Canadian Solar recorded net income of $237.1 million in 2018, from $99.6 million a year earlier, on annual PV module shipments of 6.62 GW.
Stonepeak Infrastructure Partners has invested $200 million in a new distributed solar company — Madison Energy Investments — focused on ground-mount, rooftop and carport projects ranging from 500 kw to 20 MW.
The Asian Development Bank (ADB) and Leading Asia’s Private Infrastructure Fund (LEAP) have agreed to provide an $18.7 million loan to support the development of a 15 MW solar project in Mongolia.
The power company has reportedly moved to expand its Iberian solar portfolio to a huge 1.7 GW with the latest deal, signed with Trina Solar and related to projects planned for the south and east of Spain.
The project was awarded under a 1 GW tender intended to install renewable generation capacity in former mining areas where subsidence and flooding have left huge basins of standing water.
A 7.4 MW solar plant will start generating electricity next month in Rangamati, in Bangladesh’s Chittagong Division.
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