JinkoSolar secures $70m loan agreement with Ex-Im Bank
Bulk of the loan ($62 million) will be used to support the Chinese solar company’s long-term fixed assets, with a further $8 million (RMB50 million) loan to be used for working capital at its Malaysia factory.
Volume sales will speak volumes, says Singulus
Singulus Technologies has reported an improvement in earning before EBIT for the first half of 2015. The company’s financial goals being met will rely on volume sales and this will become clear in the weeks to come.
China: GCL, CNI enter into EPC solar contracts totaling 90 MW
GCL New Energy Holdings Limited, via two subsidiaries, has signed two EPC agreements with CNI Energy, a wholly owned subsidiary of CNI (Nanjing)
Energy Development Company Limited, to install 90 MW of solar PV plants in China, worth around US$98.5 million.
India: Telangana gets lowest bid
Another low bid of INR5.17 (US$0.08) per kWh has been quoted by SkyPower in the Telangana solar tender. The financial bids for some 2,000MW opened yesterday in the southern Indian state.
India: Telangana youth and farmers to get involved in solar
The Telangana government has put together a committee to start a solar scheme for unemployed youth and farmers to establish grid-connected PV projects in the state.
Israel: 40MW Ketura plant connected to grid
The Ketura Solar PV plant in the south of the Arava Valley in Israel has been connected to the grid. The 40MW project was developed by Israeli solar company Arava Power and EDF Énergies Nouvelles Israel, a subsidiary of the French national electric corporation, EDF.
U.S. solar giant Sungevity quits Australia, expands in Europe
U.S. solar service giant Sungevity has decided to quit the Australian market, another apparent victim of investor nervousness about the constantly changing policy environment for clean energy in Australia.
Developer wins lawsuit against Suntech
Shunfeng-owned Wuxi Suntech must reimburse ZKenergy with $38.5m and counting. Claim stems from broken module supply agreement.
Japan: GE to supply the Hosoe project
General Electric, better known as GE, will be supplying the 96.2MW Hosoe PV plant in Kyushu island, Japan, with power solutions. The company has crafted a solution package for smooth running of such MW projects.
Delay in United's 210 MW acquisition
Developer announces hitch in its $300m deal to buy Chinese plant portfolio. Details of the acquisition, due today, have been delayed by up to four weeks.
