Finance

Foresight Solar Fund annual results show impressive growth

The investment company, which focuses on operating ground-mount solar assets in the UK achieved total revenue of GBP 34.2 million (US$ 42.7 million).

BE Clean Energy to install 50 MW in eastern China

Beijing Enterprises Clean Energy (BECE) has signed a development agreement with the authorities in Weishan county, Shandong province, to build the solar project in the city of Jining.

REC Silicon posts Q4 2016 revenue increase, expects strong H1 2017 for polysilicon market

The Norwegian silicon producer increased its fourth quarter revenues by $30 million on Q3, and forecasts rising demand for polysilicon in China ahead of the country’s July FIT decrease.

SunPower reports heavy losses in Q4 results

The company took a big hit from restructuring charges, as its latest quarter of dismal financials.

Asian Development Bank climate funding rose 42% in 2016 to $3.7bn

Investments steered by the ADB into climate financing reached record levels last year, with more than $2.65 billion alone going towards tackling climate mitigation, report shows.

SolarEdge Q2 2017 financials show record 35% gross margin

Israeli module level power electronics firm posts highest gross margin to date despite slowdown in U.S. residential market, which remains the firm’s chief revenue stream.

Trina Solar sells 30 MW of UK solar assets to Pensions Infrastructure Platform

British pension investment fund purchases six 5 MW solar farms located in various sites across England, for an undisclosed sum from the Chinese solar power company.

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.

Azure Power quarterly results show 49% EBITDA increase

Indian solar developers post strong financial results for quarter ending 31st December 2016, with 49% EBITDA increase and 46% increase in revenue compared to the same period in the previous year.

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.