SunEdison emerges from bankruptcy as Brookfield closes on TerraForm Global
The long and tragic collapse of SunEdison has finally come to an end, and Brookfield now owns both of its former yeildcos.
India: ReNew Power mulls purchase of Waaree Energies solar portfolio – reports
ReNew Power Ventures, which is backed by Goldman Sachs, is exploring an opportunity to acquire the solar assets of Waaree Energies ahead of a planned IPO, reports Mint.
Trina Solar secured 104 MW of solar in third Mexico auction
The Chinese solar company won the right to develop 104 MWp of PV through a partnership with Mitsui & Co., in the third long-term auction held in Mexico last month.
Neo Solar Power subsidiary signs $167m loan agreement to develop 100 MW solar in Taiwan
Neo Cathay Pacific, which is a joint venture between Neo Solar Power and Cathay Life Insurance, has, via its own subsidiary Si One Corp, secured NT$5bn syndicated loan to develop 100 MW of solar projects in Taiwan.
China sets lower solar FIT rates for 2018
The Chinese government has revealed its new feed-in tariffs (FIT) for different types of PV projects, with rates set to fall by as much as 15% from the start of January.
Shell snaps up British energy firm First Utility
Acquisition of the British company by Dutch-British oil giant Shell will support growth of First Utility’s smart energy solutions and aid incorporation of battery technology and renewables, company CFO says.
Ternienergia to sell 17 MW of PV assets in Italy
The operation is part of the company’s strategic repositioning aimed at selling, among other things, non-core PV assets. All of the projects are located in Italy.
EIB partners with YES Bank to offer $400m funding boost to Indian renewables
Both the European Investment Bank and India’s YES Bank will provide $200 million investment to co-finance a series of solar and wind power projects across India.
Yingli posts $355 million net loss in Q3
Yingli Green Energy’s net loss widened to RMB 2.3 billion ($354.9 million) in the three months to the end of September, from just RMB 335.4 million a year earlier, as its PV module shipments fell roughly 48% from the preceding quarter to 597.7 MW.
Malaysian pension fund acquires 45% stake in 365 MW PV portfolio
European renewable energy investment platform Vortex, has sold a 45% equity stake in Vortex Solar Investments to Kumpulan Wang Persaraan (KWAP), Malaysia’s second largest pension fund, in a GBP 67.5 million transaction.
