Finance

World Bank Group member the International Finance Corporation (IFC) and Dutch development bank FMO have both made significant investments into German off-grid solar provider Mobisol, which will help the company expand and accelerate its business operations in East Africa.

The Swiss solar independent power producer has completed the first phase of its Italian portfolio sale to the joint venture, which is equally owned by Enel Green Power and Fondo Italiano per le Infrastructure.

The signs continue to be positive for Meyer Burger’s capital increase, as the Swiss solar equipment manufacturer has announced a fourth separate investor in just a couple of weeks, this time with an investment of CHF 10.8 million (USD 10.7 million).

With the purchase of Tamesol’s Girona production facility, The U.K.’s International Solar Group has assumed control of the Spanish solar manufacturer.

Innovate UK, a division of the government’s Department for Business, Energy & Industrial Strategy, invites businesses to apply for share of GBP 455,000 for projects that drive solar innovation.

Another week of ups and downs in the solar world saw sizable job losses at SunPower, a welcome hiring push for Tesla, Enphase offload its O&M arm and India announce details of a 1 GW rooftop solar tender.

The Ten Merina 30 MW solar park is being financed by French private investment firm Meridiam, who has already financed a similar project in the country, as it looks to diversify its energy mix with all types of solar energy.

The Chinese solar company cites weak demand in China and module oversupply for lower revenues, profit and margin; will pivot towards higher efficiency sales in 2017.

Finnish Evli Bank has become the majority shareholder in Finnish solar company Nordic Shine, as the two companies combine to create the country’s first ever solar investment fund, to expand the possibilities of distributed solar within the country.

Consolidation of top 10 suppliers continues as Chinese inverter firms Huawei and Sungrow top shipment chart, while SMA’s U.S. strength sees it cling on to top spot for revenue, report shows.