Taiwan’s Gintech, Solartech and NSP merger creates new solar entity, UREC
Newly formed United Renewable Energy Co. is the result of the merger between three of Taiwan’s leading solar companies. Move comes at a time of intense competition in the Taiwanese solar space.
Panda Green to buy 50 MW for $30 million in China
Panda Green Energy has revealed plans to pay CNY 196 million ($29.75 million) to acquire Inner Mongolia Guorun Chayouqianqi Electricity, which owns an operational 50 MW solar plant in northern China.
Sadiq Khan puts forward London Community Energy Fund in a bid to encourage locally created solar energy sources.
With the aim of producing 2 GW of installed capacity by 2050, the Mayor sets out his vision to reduce emissions in London to make it a cleaner space for people to live, and a more energy efficient city in general.
BREAKING: Taiwan solar merger mooted as Gintech, NSP and Solartech to suspend trading on Monday
Three of Taiwan’s largest solar cell and module manufacturers – Gintech, Neo Solar Power and Solartech – will suspend common stock transactions next week, prompting rumors that a merger between the three firms could be on the cards.
M-KOPA to invest $20 million in powering remote areas of Uganda and Kenya
160,000 units have been sold to date by the company, which includes 90,000 Solar TVs. 62.5 million hours per month of kerosene-free lighting will be provided, which estimates calculate will save over 600,000 tones of CO2 over a period of four years.
BNP Paribas to cease funding shale/tar sands, and increase financing for renewables
French banking group BNP Paribas has announced a series of measures to support the energy transition, including a pledge to cease all business with companies primarily involved in shale gas, tar sands oil and Arctic exploration for oil. The group also plans to increase its total financing for renewable energy projects to €15 billion by 2020.
UK’s Foresight to acquire 117 MW Australian PV from Canadian Solar
British firm to invest AU$64 million to acquire assets being developed in Queensland by Canadian Solar.
US Section 201 case mars otherwise strong quarter for solar funding, reports Mercom
Mercom Capital’s latest report shows relatively robust funding for solar globally but a slowdown in the United States due to the Section 201 investigation.
Interview: Quercus CEO reveals more about 600 MW Iranian solar project
Diego Biasi, CEO of British investment firm Quercus, talks to pv magazine about the company’s plans to develop a 600 MW solar farm in Iran, which will not only be one of the biggest PV plants in the world but a seismic solar development for both the MENA region and Iran.
European Investment Bank partners with International Solar Alliance, confirms €800m ($940m) Indian RE support scheme
The EIB has also confirmed that it will provide $940 million in financial support for Indian renewable Energy.
