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Aditya Birla & Abraaj To Invest In Indian Solar Power Market

Diversified business conglomerate Aditya Birla Group has announced that it has partnered with Dubai-based private equity investor Abraaj Group to develop utility-scale solar power plants across various states in India. Aditya Birla Group will invest in solar power assets through one of its subsidiaries, Aditya Birla Nuvo Limited, (ABNL) whereas Abraaj will invest through one […]

October 30th

First Solar Celebrates 529 MW Raft Of Orders

First Solar has announced three separate orders that, when added up, total 529 MW of power purchase agreements and thin film solar modules. On the same day that the global solar PV company released its third quarter earnings report, First Solar also revealed these three separate project announcements. First of all is an order for […]

October 30th

SunPower Reports Strong Quarter, Despite Net Loss

US solar panel manufacturer SunPower revealed a strong Q3 despite a lack of revenue growth and a net loss. These may sound like contradictory statements, but SunPower is currently in the midst of moving towards a different financial model that focuses more on retaining assets rather than selling them — subsequently impacting the quarterly revenues […]

October 29th

Trina Solar Secures $1.57 Billion Loan From CITIC Bank

One of the world’s leading solar PV module manufacturers, Trina Solar, announced Wednesday that it had secured a $1.57 billion loan from CITIC Bank. According to a press released published Wednesday by Trina Solar, the booming China-based manufacturer revealed that it had secured a 5-year strategic cooperation agreement with CITIC Financial Leasing, and a separate […]

October 28th

300 MW Of Japanese Solar Bonds May Be Offered By Barclays

About 300 MW of Japanese solar power projects may be supported by the British banking and investment group Barclays, in the form of solar bonds. $418 million or JPY 50 billion is the monetary value associated with the projects, should Barclays go ahead. The reason it may want to proceed is to offer an alternative investment option for its clients. Renewable […]

October 27th

Energy Africa Campaign To Boost Rural Solar Access

The UK Government has launched its Energy Africa campaign, in an effort to accelerate the expansion of household solar throughout the continent. Launched last week, Energy Africa is the brainchild of the UK’s Department for International Development, and was announced by its Minister, Grant Shapps, last Thursday, at Facebook’s offices in London, and included attendance […]

October 26th

Sunnova Energy Closes $300 Million Financing

Sunnova Energy has announced that it has secured $300 million in financing for the continued growth of its US-based business. The solar company, which specializes in providing solar leases and loans, announced on Thursday that it had secured approximately $300 million in committed debt and equity funding that it hopes to use to solidify its […]

October 23rd

Enel Green Power Forming Solar PV Joint Venture In Italy

Italian-based Enel Green Power has announced it will be forming a joint venture to consolidate 210 MW of operating solar PV capacity in Italy. In an announcement released last week, Enel Green Power revealed that it would form a 50/50 joint venture with Italian asset management firm F2i (Fondo italiano per le infrastrutture) — along […]

October 20th

GM To Build Its Largest Michigan Solar Array

An 800-kilowatt solar array will be built by DTE Energy in Warren, Michigan for General Motors. Twenty-eight hundred solar panels will be installed over about 4.25 acres to generate one million kilowatt hours of electricity each year. The GM transmission center at Warren builds front-wheel drive transmissions for the new 2016 Chevy Volt, among other GM vehicles. (GM has experienced success with the […]

October 20th