World Bank pledges $1bn for India's solar target
Following discussions between Indian Prime Minister Narendra Modi and World Bank chief Jim Yong Kim, record loan of $1 billion agreed to help fund Indias bold aim to install 100 GW of solar by 2020.
Siemens to invest EUR1 billion in new startup unit
Siemens has announced the forming of a new dedicated startup unit, next47, with a war chest of EUR1 billion to be spent on it that will, among various other important innovations, focus on decentralized electrification.
Sunrun increases rooftop solar credit facility to $245m
The U.S. residential solar company has secured an additional $40 million in working capital from investors to support the expansion of its rooftop solar projects, especially the New York market.
ABB to close Phoenix inverter fab, move jobs to Estonia and Italy
The Swiss power electronics firm will end manufacturing operations at the U.S. site, shifting an undisclosed number of jobs to Estonia and Italy later this year. Some sales and service staff will be retained in Phoenix.
SunEdison appoints new CFO as incumbent departs after just two months
The troubled and bankrupt renewable energy firm announces the appointment of Philip Gund as its new chief financial officer a week after CEO Ahmad Chatila resigned.
Masdar and EDF pin hopes on new record low tariff for 350 MW Abu Dhabi solar plant
Days after the Abu Dhabi-based clean energy developer won a tender to develop 800 MW of solar in Dubai, the company has teamed with France’s EDF to bid for a 350 MW plant in Abu Dhabi.
China's Shinetime withdrawn from EU MIP undertaking
Commission finds that the Chinese solar firm breached the Minimum Import Price agreement by allegedly selling below the set MIP level.
IBC Solar and Dhybrid enter cooperation for hybrid systems
The two German companies signed the cooperation agreement in a bid to become one of the worlds leading providers of diesel-PV hybrid systems.
Masdar selected by DEWA to lead consortium on 800 MW solar PV project in Dubai
The Abu Dhabi clean energy firm to partner with Spain’s GranSolar and Saudi-owned Fotowatio Renewable Ventures to develop phase three of the Sheikh Mohammed Bin Rashid Al Maktoum PV plant.
India's NHPC reveals 600 MW floating PV plan at hydro dam in Maharashtra
The state-run National Hydroelectric Power Corporation plans to install floating solar panels atop the Koyna dam a hydro power complex located in Maharashtra, India.
