NRG does (another) u-turn on renewables
The U.S. power giant is embracing a business plan that includes selling 50-100% of its renewables business and yieldco NRG Yield as part of a massive unloading of assets and investments.
Gas Natural Fenosa gets environmental approval for 49 MW PV project in central Spain
The Spanish gas and power provider, which has invested heavily in wind power over the past years, is increasing investments in solar energy projects.
India: TANGEDCO to sign 1.5 GW PPAs at INR 3.47 (~$0.054)/kWh
After its 1.5 GW tender stirred unprecedented interest among developers attracting technical bids of 3.7 GW, the Tamil Nadu utility is now set to sign PPAs at the rate of INR 3.47 (~$0.054)/kWh for a period of 25 years.
India: CleanMax Solar receives $100m investment from US backer
CleanMax Solar, India’s largest rooftop solar developer, will use the private equity investment to fund growth opportunities outside India.
US Department of Energy backs solar with further $46.2m for SunShot Initiative
The funding is for 48 identified solar projects spanning two SunShot programs designed to advance solar power technologies in the U.S.
SolarWorld Americas receives $6m cash lifeline
The U.S. arm of the troubled solar power company can expect to receive a $6 million infusion of cash from its lenders, which have also permitted the sale of non-operational assets.
Enertronica to issue €16 million convertible bond
Net proceeds from the bond issue will be used to finance the company’s international expansion and the relaunch of Elettronica Santerno, the unit specializing in inverter production.
GCL New signs $5.2 million deal to manage 353 MW
Group unit Suzhou GCL Operation has agreed to provide operation and management services for 353 MW of solar capacity owned by PV investor Suzhou GCL-Poly throughout China.
InnoEnergy makes funding for innovation available year-round
Although originally opened for two months between February and April, InnoEnergy’s Investment Round for the year 2017 is now accessible all year round to support innovative solutions that may reshape the future of the energy industry.
Clean energy spending in 2016 hits 43% share of total supply investment, finds IEA
The International Energy Agency’s World Energy Investment report sees global spending on energy fall by 12% overall in 2016, marking the second-consecutive year that investment has dropped as less money is poured into costly gas and oil infrastructure. Clean energy spending, meanwhile, is on the up.
