Markets & Policy

Hong Kong-based PV developer Goldpoly has signed a deal with GD Solar and other companies to purchase new solar power plants in China with an electricity generation capacity of 400 MW.

PV capacity continues to grow in India. The state of Andhra Pradesh has unveiled a net metering incentive program for both grid-connected and off-grid installations. Across the country, PV capacity grew by nearly 80 MW in July.

The European Investment Bank has unveiled a funding program to support investment in renewable energy in six Central American countries. Costa Rica’s ICE has already begun commercial and off-grid PV programs.

Portugal-based photovoltaic developer Martifer Solar will develop 50 MW in the U.K. The projects will have an average size of 10 MW and will be located across five counties in the south of the country.

Construction of photovoltaic projects boosted the Israeli group’s revenue in the second quarter. The renewable energy division was one of Shikun & Binui’s strongest growing corporate segments.

A Singapore company has launched a crowdfunding campaign to raise funds for the installation of solar street lights along the roads in three Cambodian villages.

The Arizona subsidiary of Berlin-based Solon has beefed up its management with former SunPower and PsomasFMG directors to oversee project finance and procurement and acquisitions.

Tier one photovoltaic manufacturers are expected to access underutilized capacity to meet demand through 2014, further depressing the solar photovoltaic equipment market, NPD Solarbuzz reports.

First Solar will sell its 50 MW solar project portfolio in Canada to an investment group led by GE Energy Financial Services, marking the first project deal between the firms since announcing their financial partnership.

The Komax Group will pull out of the PV equipment business and thus sell its solar arm, Komax Solar. The decision is said to be a strategic move and the group has begun searching for viable buyers.