IRENA and ADFD to fund $25m PV projects in Mauritius and Rwanda
The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have announced that two solar PV projects – one located in Mauritius and the other in Rwanda – will be receiving $25 million in concessional loans from ADFD, one in Mauritius and one in Rwanda.
ACWA Power to adopt SolarCoin
The Saudi energy company said it will be the world’s first utility-scale generator joining the SolarCoin ecosystem, and that it will be “rewarded for helping build a more sustainable future.”
Taiwan’s Motech secures $162.2 million in financing
The Taiwanese cell producer said it will use the funds to repay existing loans and finance operations.
Canadian Solar lowers Q4 revenue guidance due to delayed project sale
The Chinese Tier 1 solar company had hoped to finalize the sale of six PV power projects in the fourth quarter of last year, but delays to necessary government approvals mean Q4 revenue is lively to be around $700 million lower than expected.
$102.6 million guaranteed for 250 MW Egyptian PV project
World Bank Group member, the Multilateral Investment Guarantee Agency (MIGA), has pledged to provide financial support for six solar power plants in Egypt, the accumulative capacity of which stands at 250 MW.
Germany’s EEG levy surplus reaches $4 billion in 2017
In December, Germany’s EEG levy surplus increased again by almost €500 million. The full-year balance sheet shows that transmission system operators received more than €1 billion than they spent.
China the global leader in 2017 clean energy investment, at over $44 bn
China was the global leader in 2017 clean energy investment, says a new report. On the solar front, the country accounts for 60% of all cell production; and will continue to lead installation developments for at least the next five years. New 2020 targets are expected to be set. In the battery arena, Chinese companies are also set to dominate.
Solar corporate funding rebounds in 2017 (w/ charts)
Venture capital, debt, securitization and project finance were all winners in 2017, as were solar stocks. However Mercom Capital warns that the pending Section 201 ruling could cause significant damage to the sector in 2018.
Arcelormittal confirmed as buyer of Exosun
The French tracker maker will be integrated in the ArcelorMittal Projects division of the Luxembourg-based steel manufacturer.
China’s capacity additions approach 50 GW mark in 2017
China’s cumulative solar installations reached approximately 125.8 GW by the end of November, suggesting that PV developers completed nearly 50 GW of capacity in the first 11 months of 2017, according to new government statistics.
