GIC announces undisclosed investment in Japan’s JRE
GIC Private Ltd., Singapore’s sovereign wealth fund, has said that one of its affiliates will become a corporate partner in GS Renewable Holdings GK, the parent of developer Japan Renewable Energy (JRE).
Scatec reports strong revenue and profit growth
Most of the large revenue increase is due to construction revenues in Honduras and Malaysia and to project development margin on a transaction that the company closed with Norwegian oil producer Statoil in Brazil.
ENGIE to acquire lease-to-own solar company Fenix International
The latest in a series of high profile renewable energy acquisitions for the French energy giant, ENGIE has announced the acquisition of a 100% stake in Fenix International, a U.S. company active in the residential lease-to-own sector in several African countries.
EBRD and IFC backing 1.4 GW of Egyptian solar projects
The European Bank of Reconstruction and Development has identified 16 new solar projects in Egypt with a cumulative capacity of 750 MW to receive financing, while International Finance Corp will support development of a further 13 solar parks.
Norwegian firm signs 2 GW, $2.9bn solar project deal in Iran
Saga Energy, a partner of Taiwan’s Delta Group, has inked a €2.5 billion deal to construct 2 GW of solar PV in Iran, working alongside local partner Amin Energy. Company also hopes to build module fab in the country.
SolarNow financing facility aiming to reach 70% of rural Uganda with off-grid systems
SolarNow and fellow investors SunFunder, Oikocredit and ResponsAbility Investments have announced a $6 million receivables financing facility for the installation of off-grid solar systems in the African nation of Uganda.
Canadian Solar signs deal to develop projects in Israel
Tier-1 module manufacturer Canadian Solar has announced joint venture between its wholly owned subsidiary in Israel and Menora Mivtachim, one of the country’s largest finance and insurance groups. The aim of the venture is to finance, develop, construct and own solar power projects in the Middle Eastern nation.
Leclanché reduces losses, as revenue climbs 84%
Leclanché presented the figures for the first half-year 2017 with a two week delay. The Swiss energy storage provider reports higher sales figures and lower losses as a result of its restructuring.
Taiwan’s Gintech, Solartech and NSP merger creates new solar entity, UREC
Newly formed United Renewable Energy Co. is the result of the merger between three of Taiwan’s leading solar companies. Move comes at a time of intense competition in the Taiwanese solar space.
Panda Green to buy 50 MW for $30 million in China
Panda Green Energy has revealed plans to pay CNY 196 million ($29.75 million) to acquire Inner Mongolia Guorun Chayouqianqi Electricity, which owns an operational 50 MW solar plant in northern China.
