EIB to support Indian renewable energy projects with EUR 80 million loan
The European Investment Bank (EIB), supported by Italian export credit agency SACE S.p.A, signs EUR 40 million loan as first instalment to SREI Infrastructure Finance Limited (SREI) to finance renewable energy projects in India.
Xevel to invest $85 million in Russian solar projects
In a major public-private partnership in Russia’s solar sector, state-owned Rusnano and private business group Renova’s joint company Xevel is to invest nearly $85 million into construction of solar power plants in Russia.
Sol Voltaics receives $9.4 million funding for nanotech development
The Sweden-based startup convinces Norwegian investors Umoe and others to invest close to $10 million to help the company develop the nanotechnology that can create 25% more efficient solar cells.
BayWa r.e. to construct 45.4 MW solar farm in Aquitane, France
Munich-based renewable energy company BayWa r.e. begins construction on the largest solar power project in the company’s history — a 45.4 MW solar farm in the Aquitane region of France.
Commercial segment set to lead solar storage market by 2017
While the commercial sector currently makes up the smallest part of the global solar energy storage business, it is projected to expand by a factor of 700 in the next four years and dominate the market in 2017.
Renewables beat carbon capture and storage, researchers find
Australian researchers say renewables offer better prospects than coal and gas-fired carbon capture and storage (CCS) systems and argue against investment in CCS development, citing rising gas prices and pipeline distances.
Wirsol starts 'largest solar park in the Caribbean'
A 64 MW scheme in the Dominican Republic is the country’s first solar park. German developer Wirsol said the Republic’s president personally selected it to plan the project in Monte Plato province.
US company TRA strikes deal for 100 MW solar project in Pakistan
M/s Table Rock Associates (TRA) signs letter of intent with Pakistan’s Alternative Energy Development Board (AEDB) to construct a 100 MW PV power plant in the countrys Punjab province.
ADB invests $2 million in pay-as-you-go solar for India
The Asian Development Bank hopes its first venture into smal scale investment will encourage private equity groups to come forward. Indian solar company Simpa has secured $2 million and hopes to have 63,000 customers by 2015.
Peru to launch off-grid request for tender
On Friday, Peru’s mining and energy regulator will begin offering invitations to developers for the installation of 500,000 PV systems throughout the country.
