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Xevel to invest $85 million in Russian solar projects
In a major public-private partnership in Russia’s solar sector, state-owned Rusnano and private business group Renova’s joint company Xevel is to invest nearly $85 million into construction of solar power plants in Russia.
ReneSola closes $70 million share offering in preparation for polysilicon optimization
Chinese PV manufacturer ReneSola successfully closes $70 million securities offering on the NYSE, announcing that proceeds received are to be used for polysilicon production optimization.
Renewable energy now the cheapest option for Americans, study finds
Clean energy sources such as solar and wind are more cost-effective than coal-fired power plants when health and climate impacts are factored in, according to Springer’s Journal of Environmental Studies and Sciences.
BayWa r.e. to construct 45.4 MW solar farm in Aquitane, France
Munich-based renewable energy company BayWa r.e. begins construction on the largest solar power project in the company’s history — a 45.4 MW solar farm in the Aquitane region of France.
Renewables beat carbon capture and storage, researchers find
Australian researchers say renewables offer better prospects than coal and gas-fired carbon capture and storage (CCS) systems and argue against investment in CCS development, citing rising gas prices and pipeline distances.
Poly maker Tongwei acquires cell and module business
Chinese polysilicon manufacturer Tongwei has paid a reported RMB870 million for LDK Solar Hi-Tech (Hefei) Co. The deal represents a RMB750 million profit for the Hefei local government.
Wirsol starts 'largest solar park in the Caribbean'
A 64 MW scheme in the Dominican Republic is the country’s first solar park. German developer Wirsol said the Republic’s president personally selected it to plan the project in Monte Plato province.
US company TRA strikes deal for 100 MW solar project in Pakistan
M/s Table Rock Associates (TRA) signs letter of intent with Pakistan’s Alternative Energy Development Board (AEDB) to construct a 100 MW PV power plant in the countrys Punjab province.
ADB invests $2 million in pay-as-you-go solar for India
The Asian Development Bank hopes its first venture into smal scale investment will encourage private equity groups to come forward. Indian solar company Simpa has secured $2 million and hopes to have 63,000 customers by 2015.
JinkoSolar offering 3.5 million American Depositary Shares
The Chinese solar group is looking to attract investment Stateside, which it may use to expand manufacturing capacity and solar project development. At the company’s current share price, the offering could bring in more than $200 million.
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