SMA surpasses 10 GW of inverters installed in North America
The German inverter manufacturer has reached the impressive landmark of installing 10 GW of solar inverters across North America, after an incredible installed capacity increase of 33% in less than a year, all the while Chinese competitors challenge its market share supremacy.
Vivint Solar raises USD 200 million in tax equity funding
The U.S. distributed solar provider has secured another healthy chunk of finance to go towards the installation of 123 MW of residential solar, as the company continues to steady the ship after the trauma of its failed merger with SunEdison earlier in the year.
Greenko finalizes 587 MW SunEdison acquisition
Greenko Energy Holdings has completed the acquisition of 587 MW of SunEdisons solar and wind projects in India, in a deal worth approximately USD 392 million, which sees the company make its first major venture into the solar PV industry.
Azure Power secures huge $470m financing deal for pre-IPO Indian solar projects
The Indian power developer has secured $309 million in project finance for its 450 MW utility-scale projects, as well as $161 million as part of its pre-IPO. Firm has now committed more than $1bn to Indian solar.
Kong Sun, China Kangfu sign PV financing deal
The two companies have agreed to jointly fund and develop renewable-energy projects together in China.
Alberta reveals plans to build 5 GW of renewables
The government of the western Canadian province has vowed to set clear timelines to develop solar and wind projects, so renewable energy accounts for 30% of the provincial energy mix by 2030.
The pv magazine weekly news digest
A week that began on a Tesla high was largely able to maintain its positivity as good news stories from India, Canada and even the fossil fuel industry rolled in. Europe, however, pierced the optimism somewhat.
Oil giants dig up $1bn for climate change fund, but renewable industry skeptical
As reported earlier this week, the Oil and Gas Climate Initiative (OGCI) is to invest $1 billion over the next ten years in the development and deployment of innovative low emissions technologies. Funds unlikely to find their way towards renewable industry.
Varta prepares EUR 200 million IPO
The Germans battery maker plans to raise that amount from the sale of shares in the company on the Frankfurt Stock Exchange as it seeks to grow into the energy storage market.
Tesla, SolarCity stress financial, operational benefits in advance of merger vote
Elon Musk and Lyndon Rive are arguing that SolarCity will bring cash in to Tesla’s balance sheet, while shareholders wait for the solar installers results call.
