IFC invests $125 million in India’s Hero Future Energies
IFC is picking up an equity stake in Hero Group’s renewable energy division, which it says will enable it to build 1 GW of solar and wind plants in India.
Sungrow awarded supply contract for 200 MW of PV inverters in Japan
The Chinese inverter manufacturer will supply its central inverters to Blue Capital Management’s 200 MW solar PV installation in Japan, as it continues to expand its reach outside of the domestic Chinese market.
Shunfeng forecasts $133m loss in 2016
Shunfeng International Clean Energy (SFCE) expects to post a loss of 923 million yuan ($133m) in 2016, as its fortunes sank throughout the final six months of the year.
Almost 3 GW of new solar soon to be tendered in India
The Solar Energy Corporation of India (SECI) announced today that 2.3 GW of new solar projects will be tendered by the corporation shortly, while the Tamil Nadu Generation and Distribution Corporation (TENGEDCO) has just begun the tendering process for 500 MW of solar PV within the state.
Solarzoom launches new trading platform for distributed PV in China
Trading platform for solar projects launched to connect potential investors with distributed solar PV assets across China.
China to invest $361bn in renewables by 2020, says NEA
Country’s National Energy Administration confirms in blueprint document plans to spend 2.5 trillion yuan on developing its solar, wind, hydro and nuclear power sectors, Reuters reports.
Settlement clears the way for SunEdison FBR polysilicon sale to GCL-Poly
SunEdison Semiconductor has agreed to allow the transfer of intellectual property to the world’s largest polysilicon and wafer maker, which is seeking to develop FBR polysilicon.
Huawei and Soventix partner for exclusive supply deal
Chinese technology company Huawei has been expanding its global presence in the solar industry as of late, with this most recent exclusive framework agreement with German solar developer Soventix proof that Huawei’s innovative PV solutions and inverters are continuing to appeal across the board.
Solar now accounting for almost 1% of India’s total electricity generation
A standout year for solar installation in India has seen solar PV increase its share of total electricity generated in the country and its share of the renewable energy generated in the country, which now stands at 13%, with this expected to dramatically rise again in 2017.
GCL invests in 600 MW of cell capacity in Vietnam
The Chinese PV maker has joined its fellow manufacturers in expanding to Southeast Asia though a partnership with a Vietnamese cell maker.
