Chinese PV Industry Brief: January-May installations hit 79.15 GW
China’s cumulative installed PV capacity reached 690 GW at the end of May, according to recent numbers released by the country’s National Energy Administration (NEA).
Cleantech Solar secures $102 million to advance C&I portfolio in India
Cleantech Solar says it has secured $102.5 million of long-term debt financing from Aseem Infrastructure Finance.
Brookfield targets $10 billion of renewables under management in India
Brookfield Asset Management says it aims to more than triple its renewable energy assets under management in India to more than $10 billion within the next three to four years.
Masdar buys out Greece’s Terna Energy in €3.2 billion deal
Masdar has agreed to acquire initially 67% of Greece’s Terna Energy, a developer of clean energy infrastructure, in a €3.2 billion ($3.4 billion) deal.
Akcome halts some manufacturing, faces possible Chinese stock delisting
Akcome says it could be delisted from the Shenzhen Stock Exchange, as the value of its shares have fallen below CNY 1 ($0.14) for 20 consecutive trading days. In early June, the manufacturer announced a temporary halt in operations for its subsidiaries in China’s Jiangxi and Zhejiang provinces.
Chinese PV Industry Brief: Longi to issue $1.38 billion of bonds
Longi says it will issue up to CNY 10 billion ($1.38 billion) of bonds. It will primarily use the funds to support operational needs, supplement working capital, repay interest-bearing debts, and aid project construction and operations.
Kosovo opens subsidy scheme for solar thermal systems
Household consumers in Kosovo can now apply for a subsidy to install a solar system for heating sanitary water. Applications to the first of two stages are open until August 31.
Australian property giant signs first-ever matched energy supply deal
Enosi Energy has signed a first-of-its-kind initiative with real estate investment business EG Funds by using a matched energy supply agreement to bulk up renewable energy used by commercial properties in Sydney, Australia.
Bangladeshi jute producers go solar
Bangladesh’s state-owned Infrastructure Development Co. Ltd. (IDCOL) is providing loans to several jute producers and textile makers to deploy 40 MW of rooftop PV systems.
Freight costs edge toward pandemic levels, hitting solar module costs
Freight costs, which represent around 4% of a solar module’s total costs, are increasing on trade lines between the Far East and the US West Coast, Northern Europe, and Mediterranean region.
