Sweden’s Infranode invests $11.3 million in distributed solar energy
The Swedish investment firm is also ready to commit a further $56.7 million to solar and geothermal heat pump energy assets.
Dutch pension fund PGGM invests €200 million in SolarCity’s project portfolio
The Dutch fund will invest in a portfolio of solar projects of Tesla’s solar unit. The projects are spread across 21 U.S states and have a combined capacity of 275 MW.
Canada’s Potentia Renewables secures $78 million financing from La Caisse
Quebec’s investment fund has agreed to provide Ontario-based rooftop solar specialist with CA$ 107 million ($78.0 million) in debt financing.
New South Wales sets higher benchmark range for FIT
The Australian state’s Independent Pricing and Regulatory Tribunal (IPART) has drafted recommendations for voluntary solar feed-in tariffs (FITs) for 2017-18. It has proposed a benchmark range of AU$0.116 to AU$0.146/kWh, from AU$0.055 to AU$0.072/kWh in the preceding 12-month period.
Mexico: government of Jalisco commissions 8 MW merchant solar plant
The PV plant is one of the country’s first merchant solar projects after the energy reform was introduced. The project’s required investment was $14 million.
Comtec posts $146 million net loss in 2016
The Chinese integrated solar specialist recorded a 1 billion yuan ($146 million) net loss for the 12 months to the end of December, from a loss of just CNY 434.7 million during the same period a year earlier.
LongiTech buys Guangshuo New Energy for $16.7 million
The Chinese company has purchased the entire equity interest in Gaobeidian Guangshuo New Energy for HK$130 million ($16.7 million). As part of the deal, it will issue 44,820,000 consideration shares at HK$2.9 per share.
BECE posts $68 million net profit in 2016
The Hong Kong-listed renewables developer recorded a net profit of HK$529.2 million ($68.03 million) in the 12 months to the end of December, from a profit attributable to shareholders of about HK$38.5 million in 2015. Basic earnings per share for the year were HK$0.14.
France announces winners of 150 MW tender round for rooftop PV projects exceeding 100 kW
The French governenment announced that 361 projects were selected in the first 150 MW round of the 1.35 GW tender for rooftop PV. The next tender round will be held in July.
India to add 10 GW of solar this year, forecasts Mercom Capital
A record 12 months in store for the Indian solar market say the analysts, who expect a 130% increase in annual installations compared to 2016.
