India’s ReNew Power secures $390 million in multilateral financing
The independent power producer will use the long-term debt financing to build 398MW of solar capacity in the Indian states of Telangana and Jharkhand, as well as 311 MW of wind farms.
BYD plans 200 MW PV project in MENA
BYD has announced plans for major expansion in the Middle East region, including the construction of a 200 MW PV power plant. The project is expected to feature a storage application and aims to raise the company’s profile in the region.
Japan to build its largest rooftop PV plant at 7.5 MW
The Redwood Group will install PV modules on a second roof at a distribution center in Osaka, adding another 4 MW to an existing plant.
Mercom: India falls behind on installation targets
With 25 of India’s states falling behind on Renewable Purchase Obligation targets, the country’s Ministry of New and Renewable Energy (MNRE) is now requesting that the individual states take action to ensure compliance.
d.light secures further USD 10.5 million in funding for off-grid solutions
Off-grid solar solution manufacturer d.light has raised a further USD 10.5 million in funding to expand its operations in Africa and Asia, which brings the company’s total to an impressive USD 40 million in just four months.
Tata Power’s PV capacity soars to 990 MW in 10 months
The Indian group’s solar portfolio has swelled by roughly 930 MW over the past 10 months, largely on the back of its $1.45 billion acquisition of Welspun Group’s 1.15 GW clean energy business last spring.
China claims 34.2 GW of PV installations in 2016
The estimated 34 GW is far more than analysts had predicted, and nearly doubled the nation’s installed solar capacity.
Canadian Solar secures US$210 million loan for Thailand facility
Siam Commercial Bank plc (SCB) and China Minsheng Bank will jointly provide the manufacturer with a US$210 million loan to finance its new production facility in Thailand.
SPI threatened with de-listing over delinquent financials
The Chinese solar developer has yet to file financials for the second quarter of 2016, which has caused it to run afoul of NASDAQ requirements.
United PV’s generation jumps 25.6% in Q4
The aggregate volume of electricity generated by the Hong Kong-listed group’s solar plants reached 342.8 GWh in the final three months of 2016, up from 254.9 GWh a year earlier.
