Shanghai Electric reveals plan to acquire 51% stake in GCL-Poly’s polysilicon unit
Shanghai Electric values the GCL polysilicon unit, Jiangsu Zhongneng, at around 25 billion CNY ($3.9 billion). Trading of shares of both companies was suspended today, pending the official announcement of the transaction.
$758 million financing for the first PV-CSP plant in Latin America
Chilean company Cerro Dominador have announced the signing of a $758 million deal to finance the first combined concentrated solar power-PV project in Latin America – a 210 MW scheme in the Atacama desert
REC Silicon swings to profit in Q1 2018
The Norwegian headquartered polysilicon manufacturer saw its revenue and shipments increase significantly year-on-year. The global polysilicon market, the company stressed, is still dominated by long-term fixed sales contracts and high polysilicon inventory levels.
Oxford PV picks up GBP 8.02 million in investments
British headquartered perovskite startup, Oxford PV has received an additional GBP 8.02 million (US$11.2 million) in funding from existing investors. The company states it will use the funds to continue its development of commercially viable perovskite-on-silicon tandem cells.
Copenhagen Infrastructure Partners raises €3.5 billion for renewables
The Danish investment firm will use the funds to finance wind, solar, biomass and geothermal projects across several markets. The final close of the fund exceeded its end goal by €500 million.
Enphase share sale raises $20 million
The California-headquartered microinverter specialist announces private equity offering of 9,523,809 shares that have been sold to Chilean entrepreneur Isidoro Quiroga.
IRENA and ADFD to fund $25m PV projects in Mauritius and Rwanda
The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have announced that two solar PV projects – one located in Mauritius and the other in Rwanda – will be receiving $25 million in concessional loans from ADFD, one in Mauritius and one in Rwanda.
SunEdison emerges from bankruptcy as Brookfield closes on TerraForm Global
The long and tragic collapse of SunEdison has finally come to an end, and Brookfield now owns both of its former yeildcos.
Neo Solar Power subsidiary signs $167m loan agreement to develop 100 MW solar in Taiwan
Neo Cathay Pacific, which is a joint venture between Neo Solar Power and Cathay Life Insurance, has, via its own subsidiary Si One Corp, secured NT$5bn syndicated loan to develop 100 MW of solar projects in Taiwan.
Malaysian pension fund acquires 45% stake in 365 MW PV portfolio
European renewable energy investment platform Vortex, has sold a 45% equity stake in Vortex Solar Investments to Kumpulan Wang Persaraan (KWAP), Malaysia’s second largest pension fund, in a GBP 67.5 million transaction.
