Deals & Finance

611,000 PV Panels Installed As TerniEnergia Completes 82.5MW South African Plant

Deals & Finance, Europe/Middle East/Africa, Head Lines, Solar

TerniEnergia SpA has successfully completed the PV plant in the Western Cape of South Africa, ahead of its forecasted completion date. The site of Paleisheuwel, situated across a 240-hectar area of the Western Cape Province, has employed the forces of 500 workers to install the 611,000 photovoltaic PV panels, an overall total of 101,850 structures, as well as, 7 million kg of metallic carpentry and 3000 km of electric cabling in the process. It also holds a renewable four-year contract for the operation and maintenance of the 82.5 MWp-capacity plant

611,000 PV Panels Installed As TerniEnergia Completes 82.5MW South African Plant Read More »

Australia’s CEFC Commits US$72 Million to Bioenergy Fund

Asia Pacific, Biomass, Deals & Finance, Efficiency, Technology

Australia’s Clean Energy Finance Corp. has committed A$100 million (US$72 million) to the new Australian Bioenergy Fund.

Australia’s CEFC Commits US$72 Million to Bioenergy Fund Read More »

Canadian Solar Connects Six Solar Power Plants And Exceeds 100MWp In UK

Americas, Deals & Finance, Europe/Middle East/Africa, Solar

Canadian Solar Inc., one of the world’s largest solar power companies, has announced that it has connected an additional six solar power plants, totaling 39.4MWp to the grid, bringing its total fleet of solar power plants in commercial operation in the United Kingdom to approximately 103.0MWp. The six solar power plants were connected to the grid in March 2016 under the Renewable Obligations Certificate (ROC) program. In the past 14 years, the company has successfully deployed over 14 GW of premium quality modules in over 90 countries around the world.

Canadian Solar Connects Six Solar Power Plants And Exceeds 100MWp In UK Read More »

SolarCity, Credit Suisse Agree $150m For US Solar And Battery Storage Deployment

Americas, Deals & Finance, Head Lines, Technology

SolarCity Corporation has announced has announced a new $150 million non-recourse financing facility with Credit Suisse to support the deployment of commercial solar energy systems—including battery storage systems—for businesses, schools and government organizations across the United States. “Our asset portfolio enables us to continually bring in new capital from top tier institutional and corporate investors,” said Jeff Munson, Director, Structured Finance, of SolarCity.

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Mexico: Envision and ViveEnergia Awarded PPC For 90MW Wind Farm

Americas, Asia Pacific, Deals & Finance, Wind

Envision Energy, the world’s leading smart energy solution provider, and ViveEnergia, a Mexican company developing renewable energy projects, were awarded a long-term power purchasing contract with the Mexican Federal Electricity Commission (CFE). The strategic agreement signed in 2015 between Envision and ViveEnergia represented China’s largest direct investment in Mexico in the sector.

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Trina Solar And Tegnatia Join Forces To Accelerate Solar PV In Turkey

Deals & Finance, Europe/Middle East/Africa, Head Lines

As the world’s largest supplier of solar PV modules and the most bankable PV module manufacturer globally, Trina Solar is targeting the growth of PV Solar in Turkey. market. “It represents an important milestone in the promising Turkish market”, said Mr. Rongfang Yin, Assistant Vice President at Trina. Tegnatia provides turnkey services covering the design, implementation, and maintenance of medium- to large-scale solar parks, and is aiming to bring solar power to a wider section of the Turkish population.

Trina Solar And Tegnatia Join Forces To Accelerate Solar PV In Turkey Read More »

DTE Energy Transforms Detroit Brownfield Land Into Solar Power Array

Americas, Deals & Finance, Head Lines

DTE Energy, Michigan’s leading provider of and investor in solar energy, has received approval from the Detroit City Council to develop one of the largest urban solar power arrays in the country on a 10-acre vacant parcel of land in Detroit. The project will generate more than $1 million in tax revenue for the City over the life of the 20-year lease and will produce enough clean energy to power nearly 450 homes. DTE plans to begin construction on the project in May, with completion scheduled for the end of 2016.

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Thailand: Trina Solar Begins PV Production With 700MW Annual Cells Capacity

Asia Pacific, Deals & Finance, Head Lines

The manufacturing facility is located in Rayong, Thailand and Trina Solar has also secured $143m in financing agreements with Siam Commercial Bank Public Company Limited (SCB) and China Minsheng Banking Corporation Ltd (CMBC). “The investment in Thailand fits our strategy of prudent capacity expansion in select overseas markets to deliver industry-leading products to customers in the US and Europe in particular as we strive to increase the profitability of the company,” said Mr. Jifan Gao, Chairman and CEO of Trina Solar.

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42MW Futtsu Solar Power Facility Completion Will Serve Tokyo Energy Needs

Asia Pacific, Deals & Finance, Head Lines, Solar

The facility is one of the largest solar PV projects serving Tokyo.”Japan is an exciting market – it is the third-largest electric grid in the world and renewables represent the only domestic energy resource. With modest improvements, innovation and effective utilisation of the current 27GW of pumped hydro facilities, the Japanese grid offers one of the best opportunities in the world to transition to carbon-free electrical generation”, said Mike Garland, CEO of Pattern Development.

42MW Futtsu Solar Power Facility Completion Will Serve Tokyo Energy Needs Read More »

South Africa And Saudi Arabia Inaugurate $325m Bokpoort CSP Project

Asia Pacific, Deals & Finance, Europe/Middle East/Africa, Head Lines

The R5 Billion ($325m) project has one of the highest solar radiation footprints in the world with the plant providing 220,000 MWh per annum power to more than 200,000 homes, day and night; and having a thermal storage capacity of 9.3 hours of full load operation. It has already earned industry accolades including African Community Project of the Year; Project Finance ‘Deal of the Year’ by PFI, and World Finance’s Solar Deal of the Year.

South Africa And Saudi Arabia Inaugurate $325m Bokpoort CSP Project Read More »

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