Corporate funding for solar hits $3 billion
Total corporate funding in the solar sector hit US$3 billion in the third quarter of 2016, according to a report released this week by clean energy consulting firm Mercom Capital Group.
Solare Datensysteme launches new unit in China
The German solar monitoring group hopes to tap into China’s fast-growing PV market.
Canadian Solar Secures Loan from Japanese Syndicate
Canadian Solar projects K.K., a wholly owned subsidiary of Canadian Solar, today announced that it has entered into a syndicated 3-year loan facility for JPY 9.6 billion (US$95 million). Sumitomo Mitsui Banking Corporation (SMBC) is the lead arranger of the agreement.
SEC investigates SunEdison
A subpoena from the federal financial regulator adds to an ongoing Department of Justice investigation in the laundry list of the companys legal troubles.
U.S. Navy, California Energy Commission partner on renewable energy
The partnership includes three new solar and battery storage projects and comes a day before the dedication of a 150 MW-AC solar project which serves 14 Navy and Marine Corps bases.
Alterra Power Corp announces financing for Indiana project
Alterra Power and Inovateus have secured a US$8.9 million construction loan from 1st Source Bank for the Kokomo solar project. The project is approximately 7 MW and located in Kokomo, Indiana.
European solar sector calls for end of trade measures on Chinese products
The European Commission’s trade measures have been ruinous for European manufacturers, led to the loss of thousands of jobs and stymied growth in the sector, members of SolarPower Europe argue in a letter to Brussels.
US to remain leading tracker market through 2021
In its latest Global PV Tracker report, GTM Research says China and India will experience the most significant growth in the coming years.
India waives transmission charges for renewable projects
Indias Ministry of Power has announced a waiver of losses and interstate transmission charges for solar and wind projects. India is looking to encourage growth in renewable energy generation, in order to meet ambitious targets.
Fluidic Energy unveils residential storage unit in Arizona
Arizona based Fluidic Energy this week unveiled plans to bring its long duration Zinc air battery to the US residential market.
