GCL-Poly sells stake to back new polysilicon plant
GCL-Poly Energy has revealed plans to sell off a stake in a subsidiary that is building a massive polysilicon plant in northwestern China, while injecting CNY 2.99 billion ($452.1 million) of fresh capital into another group unit to strengthen the competitiveness of its monocrystalline silicon business.
“Devastating” provision in US Senate tax bill could hobble the ITC
Renewable energy trade organizations in the U.S. are scrambling to stop the BEAT provision as the Senate’s tax bill hurtles towards a vote.
UK government backs national battery facility to tune of £80m
Partnership between Coventry City Council, University of Warwick’s WMG and Warwickshire Local Enterprise Partnership to receive sizable investment from British government to build and maintain world-leading storage research and production facility.
ADB finances 20 MW of solar in Afghanistan with $44.7 million
The funds will be used to build a solar plant in Naghlu, in the capital Kabul’s Surobi district.
The weekend read: Will duties ADD doubt to India’s solar growth?
The threat of India’s government imposing anti-dumping duties (ADD) against solar cells and modules from China, Taiwan and Malaysia is very real, and runs counter to its own ambitions of hitting 100 GW of solar by 2022. Or does it? Could duties help to boost India’s solar industry in other ways? And does the ongoing political uncertainty create opportunity or trepidation for industry?
Sparx launches $18 million renewables fund in Japan
A unit of Tokyo-based asset manager Sparx has set up a new JPY 20 billion (US$17.95 million) fund to invest in operational renewable energy projects throughout Japan.
Corporate solar funding slips YoY finds Mercom Capital
Total corporate funding in the solar sector has slipped slightly in the first nine months of this year, compared to the same period in 2016 reports Mercom Capital, despite increases in global VC funding and M&A transactions. Some strong quarterly gains were, however, recorded. Downstream remains a key funding focus.
Climate Policy Initiative presents financial solutions for rooftop solar in India
CPI has summarized the present rooftop sector of India, its economics, and the financial facilities to the industry from government and banks. The analyst and advisory firm has presented the solutions for the current financial obstacles to the growth of rooftop solar. The team has presented two Indo-U.S. collaborative initiatives, USICEF and USICFP, with which these solutions can be implemented.
India-World Bank signs $100 million loan agreement for Solar Parks
India signs loan agreement with the World Bank for $100 million for large-scale solar power projects named as “Shared Infrastructure for Solar Parks Project”.
Australian government to back blockchain PV, water project
The Australian government has agreed to provide AU$2.57 million (US$1.9 million) to support a two-year pilot project that will use blockchain technology to pair utility-scale and commercial rooftop PV with a battery, electric vehicle charging stations and water treatment systems in Western Australia.
