Andbank España launches new solar fund
Through the new fund, the Spanish financial services provider hopes to initially raise up to €20 million.
Czech Republic allocates additional funds for commercial PV
In addition to the Green Savings Programe, the Czech government has now started to provide solar incentives through the Operational Program for Entrepreneurship and Innovation for Competitiveness (OPPIK).
Paraguay to issue renewable energy law by the end of 2017
Although mired in significant delays compared to other Latin American countries, Paraguay is now preparing to issue its first legislation to support solar and wind power.
Enphase Energy signs license agreement with manufacturing partner Flextronics
Deal sees the U.S. microinverter specialist license its marketing, sales and manufacturing rights to Flextronics, one of the world’s largest global electronics manufacturers and a longstanding partner of Enphase.
Italian solar fund Tages Helios raises another €43 million
The Italian fund was able to reach €250 million in funding through its fourth and final financing round.
Genex moves forward on 50 MW Kidston project
Genex Power claims it is making rapid progress on the construction of the first 50 MW phase of a PV array at a former gold mine in northeastern Australia, with preparations already under way for the second 270 MW stage, as well as a related 250 MW pumped hydro installation.
Direct Energie expands further into solar and renewables through acquisition of Quadran
The French power utility, which is also the parent company of the independent power producer Neoen, has made another step into the renewable energy sector. The acquisition price is estimated at around €303 million.
UGE completes acquisition of Carmanah Solar, secures contract for 17 MW solar facility in Alberta
The Canadian renewable energy company has taken full control of the joint venture that acquired the solar unit of Carmanah Technologies Inc. in April. Furthermore, the company has secured a contract to build a 17 MW ground-mounted solar plant near Calgary.
BNEF: Coal to fade as cost of renewables falls even faster
The latest long-term forecast from analysts Bloomberg New Energy Finance (BNEF) predicts solar energy costs to drop a further 66% by 2040, and onshore wind by 47%. Given these predictions, BNEF expect that renewables will undercut the majority of fossil based generation by 2030, even in India and China.
Losses mount for ReneSola as firm pivots further downstream
The Chinese vertically integrated solar firm posted a Q1 net loss of $23.2 million and revenues of $156.6 million – down 32.5% and 39.9% sequentially and year-on-year respectively.
