Finance

The Chinese solar manufacturer is set to transfer independent shareholders’ stakes into a special purpose vehicle while one of its affiliate businesses seeks a listing on Beijing’s A-share index. Inevitably, though, the process has not been a smooth one.

The body responsible for the installation of more than 4 million residential PV installations has asked its government masters to provide interest-free financing for its program and Dhaka is considering the proposal.

The government has finally issued a net metering scheme for solar systems not exceeding 10 kW of generation capacity – the country’s first attempt to support small scale PV. New rules for larger, unlicensed projects have also been introduced, with the size limit for eligible systems raised to 5 MW.

Copenhagen Infrastructure Partners’ new fund, CIP New Markets Fund I K/S, will invest in renewable energy infrastructure, including solar, in countries throughout Latin America and Asia.

The Spanish developer’s operating revenues reached €12.5 million in the first quarter of 2019, up roughly 35% from the preceding three-month period. EBITDA stood at €4.5 million, up 14% from the fourth quarter of 2018, suggesting that the company has been moving from strength to strength since listing its shares in December.

Moixa has wrapped up an £8.6 million funding round led by Honda. The U.K. smart battery specialist will use the funds to finance the global expansion of its business managing residential battery systems, electric vehicles and smart charging facilities, as well as the aggregation of battery capacity for grid services.

A new $139 million partnership with Bank Australia will allow the Sustainable Melbourne Fund to help all commercial and agricultural enterprises in Australia to become more sustainable. And for many businesses, reducing electricity costs and emissions through PV is at the top of their wish lists.

Norwegian-headquartered developer Scatec Solar has announced the start of commercial operations for the Jasin Solar Plant, the second of three 65 MW projects the company is working on in Malaysia as part of a consortium led by engineering firm ITRAMAS.

Canada’s second-largest pension fund and U.K. developer Lightsource BP have announced a joint debt investment of £150 million to finance a solar portfolio across several countries.

The high efficiency PV maker may be hot on the tail of its golden goose, with demand outweighing supply for the company’s new A-Series and P-Series modules. And now that reetooling is over, it’s time to sell.