$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.
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.
