Philippine oil firm embarks on another solar venture
PetroEnergy’s clean energy subsidiary receives environmental clearances for construction of 10 MW solar PV plant in the country. Project is the oil firm’s second solar foray.
Shunfeng issues H1 profit warning
The Chinese clean energy giant is expecting losses over the first half of this year to amount to around $49 million following a difficult 2016 and further squeezing of the firm’s activities in 2017.
Meralco opens bids for up to 85 MW of PV
Meralco is now reviewing proposals from solar developers to beat Citicore Power’s offer to supply 75 MW to 85 MW of PV capacity from three sites at a rate of PHP 3.50 ($0.07)/kWh.
Sri Lanka launches tender for 10 MW solar project
The solar facility will sell power to local utility Ceylon Electricity Board under a long-term PPA. Bids must be submitted by August 15.
Hanergy unveils new rooftop PV product
Hanergy Thin Film Power (HTF) has announced the release of Hantile, a new CIGS thin-film solar product that can be integrated with roofing materials.
Chint to build 300 MW distributed rooftop PV plant for Alibaba
The Chinese low-voltage electrical products provider will install the giant solar array on the rooftop of Alibaba’s new logistic center in China.
India: Azure Power to issue $500m solar green bond
The green bond offering will be the first of its kind to be issued in India, and comes via Azure Power’s stated aim to continue promoting and investing in renewable energy in the country.
IDFC acquires 190 MW of Indian PV projects from First Solar
The infrastructure fund of IDFC Alternatives has signed an agreement to purchase 190 MW worth of solar PV assets from First Solar Power India, an affiliate of First Solar Group. The projects are located om the states of Andhra Pradesh and Telangana.
NPC Incorporated posts 346% revenue growth in first nine months of fiscal year ending 8/2017
The Japanese equipment provider also reported a profit of JPY 446 million ($4.0 million) for the first three quarters of the current fiscal year.
NTPC looking for off-taker for 250 MW Kadapa solar park, after APSPDCL refuses to sign PPA
A total of 250 MW of capacity at Andhra Pradesh’s Kadapa solar park has a 13-month completion timeframe from the date of signing of the power purchase agreement. These plans are now put on hold as APSPDCL withdraws from the deal, as once a record low solar power tariff turns into too high a price.
