Asia

The solar investment group’s cumulative installed capacity in the country hit 1.15GW at the end of December, up from 950.3 MW in late June 2016, according to a statement to the Hong Kong stock exchange.

JAG International Energy aims to raise ¥5.4 billion ($47.6 million) to fund the completion of a 17 MW solar project north of Tokyo.

Indian solar developers post strong financial results for quarter ending 31st December 2016, with 49% EBITDA increase and 46% increase in revenue compared to the same period in the previous year.

Jera — jointly owned by Japanese utilities Tokyo Electric Power (Tepco) and Chubu Electric Power — will acquire an equity stake in the Indian independent power producer via a subscription to newly issued shares.

Solar accounts for nearly 92% of its 307 MW renewables portfolio, with total investment reaching ¥137.3 billion ($1.2 billion) by the end of January 2017.

The Tokyo-based group will oversee construction of the ¥13 billion ($114.3 million) project in the city of Minamisoma, on the east coast of the Japanese island of Honshu.

Price of INR 3.30/kWh recorded at Rewa Solar Park auction in Madhya Pradesh among lowest in the world, and marks continuation of downward trend. Many factors played a role in bringing down the price in this particular auction, says Mercom Capital Group.

The independent power producer has signed a development partnership with GSSG Solar to build a 170 MW solar portfolio in Japan through its Japanese operator, Nippon Solar Services.

The company’s Phase 3A facility in China’s Xinjiang is now up and running, and should reach full production capacity of 18,000 metric tons of polysilicon the first quarter of the year.

Today’s reverse auction for capacity at the 750 MW Rewa solar farm in the Indian state attracts record-low bid of just INR 3.59/kWh ($0.053/kWh).