Azure Power secures huge $470m financing deal for pre-IPO Indian solar projects
The Indian power developer has secured $309 million in project finance for its 450 MW utility-scale projects, as well as $161 million as part of its pre-IPO. Firm has now committed more than $1bn to Indian solar.
Breaking: China reduces solar installation target to 110 GW by 2020
China’s National Energy Administration (NEA) announced that the previous target of 150 GW of installed PV by 2020 will be cut by 20% to 110 GW, as it cools its solar industry that had been enjoying an unprecedented boom within the country.
India and UK leaders announce $12.4m solar R&D collaboration
Prime Ministers Narendra Modi and Theresa May announce the innovation drive at the India-UK Tech Summit held in New Delhi. Wider cooperation on renewables and smart cities expected.
TEP issues RFP for solar, wind projects
The Arizona utility is looking to buy power from a 100 MW solar facility, which will increase TEPs contracted utility-scale solar by 40%.
APS, pro-solar group together spend $6 million on Arizona Corporation Commission races
The competition to fund these races comes as Commissioner Tobin is found to be soliciting money for his side job.
Kong Sun, China Kangfu sign PV financing deal
The two companies have agreed to jointly fund and develop renewable-energy projects together in China.
UK's REA strengthens ties with India on decentralized energy
The Renewable Energy Association this week hosted six Indian MPs in London to discuss ways of accelerated the deployment of decentralized renewable energy in India.
The Paris Agreement on climate change comes into force
Almost a year after the historic COP21 summit, the Paris Agreement today entered into being as focus now switches from promises and pledges, to action.
Alberta reveals plans to build 5 GW of renewables
The government of the western Canadian province has vowed to set clear timelines to develop solar and wind projects, so renewable energy accounts for 30% of the provincial energy mix by 2030.
Deutsche Bank sees South Australia at 95% renewables by 2025
Energy analysts at leading investment bank predict state of South Australia could easily beat aspirational target of 50% renewables by 2025, reaching 85% mark by 2020 and possibly as much as 95% by 2025.
