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.
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.
Germany launches first cross-border PV auction with Denmark
Germany’s Federal Network Agency, which oversees the country’s solar auctions and renewable energy incentive regulation, announced on Wednesday the first mutually opened auction for ground-mounted PV installations with Denmark.
Sunworks seeks federal contracts
California based developer Sunworks this week announced the appointment of Charles E. Cunningham as managing director. The appointment is a strategic move to develop Sunworks federal solar business.
4 GW module shipment landmark passed by Solar Frontier
Japanese module manufacturer Solar Frontier has completed over 4 GW of module shipments to its customers, which are situated in 60 countries across the world, as it continues to develop its technology and expand its capacity.
German renewables surcharge to rise 8% next year
The country’s transmission system operators are set to publish the newly calculated green power levy on Friday.
The levy currently accounts for approximately 22% of a customer’s total bill. For a three-person household with a consumption of 3,500 kilowatt hours a year, the tax will increase by 18 euros to 240 euros a year following the hike.
Enabling policies and better grid integration needed to boost renewables
This was the message coming out of the 23rd World Energy Congress being held in Istanbul, as renewable energy industry leaders lauded the achievements of the industry, but were quick to point out the hard work that was needed to continue the unprecedented growth of renewable energy.
World's largest mining company exploring solar plus storage potential
Anglo-Australian mining company BHP Billiton has decided to review its portfolio in the face of the Paris climate accord and falling renewable technology costs, including the testing of solar and storage units at its mining site in Australia.
