Solenergy Systems has completed a 1.64 MW rooftop solar array in the central Philippines.
The Philippines-based property development firm has agreed to invest P225 million ($4.4 million) to acquire a 15% interest in a 50 MW operational PV plant owned by Sepalco, a local corporation engaged in the solar power generation business.
Governments of cash-strapped developing nations should start exploring a range of innovative financing solutions to support the development of environment-focused infrastructure projects such as financially bankable solar installations, the Asian Development Bank (ADB) says in a new report.
Solar Philippines officially opened the country’s first PV module plant with an inauguration ceremony attended by President Rodrigo Duterte earlier this week. It claims the facility in Santo Tomas, Batangas province, will produce 800 MW of solar panels in 2018.
A unit of Goldman Sachs and funds under Tennenbaum Capital Partners have jointly acquired Conergy Asia & ME and its subsidiaries from Kawa Solar Holdings.
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.
Australian stock exchange-listed battery maker Redflow has announced a AU$14.5 million ($11.25 million) funding round, as the Brisbane-based company takes its manufacturing base offshore and turns its attention to a market “sweet-spot” including the off-grid, telecom, commercial and industrial sectors.
The property firm aims to reach that figure within five years, beginning with the commissioning of a 160 MW solar pipeline this year.
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