CS Energy and a unit of Goldman Sachs have said that their eight-project portfolio will be one of the first utility-scale solar portfolios in upstate New York, once the projects reach commercial operation in late 2021.
Developers from France and Germany and investors with access to cheap U.S. and U.K. finance were among the winners in a 2 GW procurement round which saw Spanish company Solarpack lodge a record-low price for Indian solar power of $0.031/kWh.
Industry body SolarPower Europe is trying to stay bullish about the lingering effects as the continent starts to come out of lockdown and one analyst has predicted a healthy large scale solar market will carry the US through the crisis.
The Indian developer will hold a 51% stake in the venture, with Seoul-based GS E&C taking the remainder. The capacity was awarded under Solar Energy Corp. of India’s tranche-IV auction earlier this year.
Goldman Sachs Renewable Power, a subsidiary of the investment banking giant, has reached an equity pool of $4 billion, which will serve to expand on the hundreds of megawatts in portfolios the company has acquired in the last 12 months alone.
The U.S. project developer and Chinese manufacturing giant have both moved to extend borrowing for Japanese operations as Sumitomo Mitsui has given another lift to its domestic PV market.
The transaction feeds the growing appetite of institutional investors for solar projects and provides SunPower with more cash.
The Conergy brand has changed hands again with the Australian infrastructure giant acquiring the company’s Asia-focused business from its previous US-based fund management owners. Macquarie may be positioning itself to take advantage of a flood of cheap Chinese-made panels.
Japan Renewable Energy (JRE) has started operating a 9.8 MW solar array, marking the completion of its first PV project on the Japanese island of Shikoku.
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