Finance

Pacific Renewable Energy Investment Facility created by the Asian Development Bank to finance series of clean energy projects in 11 smallest island nations of the Pacific.

The Huatacondo solar park in northern Chile, commissioned by AustrianSolar Chile SpA, has been acquired by Sojitz Corporation in a deal overseen by Germany’s Oppenhoff & Partner on contractual matters.

India’s Council on Energy, Environment and Water states, in a joint report with the Natural Resources Defense Council, that the growth in renewables in India could create 300,000 new jobs over the next five years.

Kenya signed this month PPAs for 160 MW of new solar PV plants at a price of US$0.12 per kWh. The price has sparked controversy.

Through the new fund, the Spanish financial services provider hopes to initially raise up to €20 million.

In addition to the Green Savings Programe, the Czech government has now started to provide solar incentives through the Operational Program for Entrepreneurship and Innovation for Competitiveness (OPPIK).

Although mired in significant delays compared to other Latin American countries, Paraguay is now preparing to issue its first legislation to support solar and wind power.

Deal sees the U.S. microinverter specialist license its marketing, sales and manufacturing rights to Flextronics, one of the world’s largest global electronics manufacturers and a longstanding partner of Enphase.

The Italian fund was able to reach €250 million in funding through its fourth and final financing round.

Genex Power claims it is making rapid progress on the construction of the first 50 MW phase of a PV array at a former gold mine in northeastern Australia, with preparations already under way for the second 270 MW stage, as well as a related 250 MW pumped hydro installation.