GCL New Energy selling USD 14 million of PV equipment to China Finance
The solar PV manufacturing equipment will be sold to China Finance in two separate transactions, and will then be leased back to two separate subsidiaries of the GCL New Energy group, as the company looks to raise capital to reduce its debts and stimulate business development.
8minutenergy announces capital raise to support 5.5 GW PV pipeline
The California-based solar developer is looking to take advantage of a growing U.S. PV market, by raising capital on its near shovel-ready projects, which the company believes have a value in excess of USD 1 billion.
Stunning price falls could spark another gold rush for US solar PV market
A Deutsche Bank report has predicted “sharp declines” in US solar module and inverter prices that it says could drive payback periods down to less than five years and spark a “final ‘gold rush'” in the American residential, commercial and industrial markets, starting in 2017.
Overcapacities and subsidy cuts prompt falling prices around the world
Globalization is a fact of life in the solar PV industry as much of the production of modules and other key PV system components takes place in China, only to then be shipped across the seas to customers in other continents.
Developer stumps up fees for SunEdison's 500 MW India solar project
A power developer has paid a reported INR 2 billion in government fees to Solar Energy Corporation India to enable it to develop solar project initially won by bankrupt U.S. firm SunEdison.
BRICS not building enough investment in clean energy, study finds
Analysis by the Institute for Energy Economics and Financial Analysis finds Brazil, Russia, India, China and South Africa need to up their investment in renewables in order to meet climate change targets.
USD 300 million partnership between SolarCity and Credit Suisse
The Swiss financer has agreed to a new fund with SolarCity to finance USD 300 million in residential solar projects across the U.S., as SolarCity continues to develop influential partnerships ahead of its proposed merger with Tesla.
Oxford PV gets more investment in fresh round of funding
The British perovskite research startup has now attracted GBP 21.3 million (USD 27 million) investment over the last 18 months, which the company is using to bring the commercialization of perovskite PV technology closer to realization.
Sonnen receives a further USD 85 investment
The German company announced that it has secured USD 85 million in growth capital, some of which came from two new partners, which will help the company consolidate its healthy position further in the booming energy storage market.
USD 633 million bond financing confirmed for solar project in Canada
Connor, Clark and Lunn Infrastructure completed the bond financing along with Samsung for the 100 MW Kingston Solar Project, in what is one of the largest renewable energy bond financings ever to be completed in Canada.
