Solar appears mostly spared in House tax reform bill
The tax reform bill introduced in the House of Representatives will make only minor changes to the Investment Tax Credit, however changes to corporate taxes remain a wild card.
Global Environment Facility along with ADB will provide $454 million funding to EESL clean energy projects
Energy Efficiency Services Limited EESL’s projects, under one of the largest funding by Global Environment Facility (GEF) to date, will mitigate 60 million tons of CO2 emissions. UN Environment’s ‘District Energy in Cities’ initiative already identified $600 million of energy efficiency projects across five cities in India.
EBRD to provide financial assistance to International Solar Alliance
International Solar Alliance (ISA) and the European Bank for Reconstruction and Development (EBRD) have signed the joint financial partnership declaration to support solar energy projects developed under ISA programs.
Quebec-based pension fund La Caisse keeps investing in solar
After providing Canadian rooftop solar specialist Potentia Renewables with $83 million in May, Canada’s second-largest public pension fund has now agreed to finance U.S. solar installer Sunrun with $40 million.
Meyer Burger to end manufacturing in Switzerland
Equipment manufacturer Meyer Burger plans to end production at its headquarters site in Thun, Switzerland, as part of an updated cost efficiency program. All production activities in Thun will be discontinued by the end of 2018, though the site will continue to serve as Meyer Burger’s headquarters.
CSIF acquires initial Japan PV portfolio for $267 million
Canadian Solar’s new PV investment vehicle has followed its recent trading debut in Tokyo with the acquisition of 13 solar projects in Japan for JPY 30.4 billion ($267 million).
Scatec Solar issues $92 million in green bonds
Norwegian based project developer Scatec Solar has announced the successful placement of NOK 750 million ($92 million) in unsecured green bonds.
UK’s Green Investment enters the Indian market
Companies within Macquarie Infrastructure and Real Assets; Light source Renewable Energy and UK Climate Investments, part of the Green Investment fund enter into partnership platform to enter Indian Solar market for its development, acquisition and ownership of solar assets.
REC Silicon sees 38% sales increase in Q3
Leading polysilicon producer REC Silicon posted revenue of $75.5 million in the third quarter – 23% above the previous quarter. REC saw a 38.2% increase in sales volume, despite polysilicon production for the quarter coming in slightly below guidance.
BBOXX finalizes $5 million finance deal
Up to 150,000 Rwandans will be given access to electricity by next generation utility BBOXX, after it successfully closed the deal on a $5 million facility with Deutsch Asset Management’s essential Capital Consortium.
