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29 August 2013

Poor compliance leaves Indian RECs at floor pricep

Indian renewable energy certificates have remained at floor prices for August 2013, as supply continues to outstrip demand in the country.

29 August 2013

Goldpoly divests 100MW PV to Singyes Solar

Hong Kong-based solar cell manufacturer Goldpoly New Energy will sell 100MW of its solar assets to Singyes Solar Technology Holdings.

29 August 2013

China’s LDK Solar misses second debt payment this year as shares plummet

debt_170_1701 China-based LDK Solar's cash levels continued to shrink to their lowest in almost four years as the company admitted it was unable to meet a debt payment.

29 August 2013

Armstrong raises $130m for South East Asia Clean Energy Fundp

money_040412_170 Private equity firm Armstrong Asset Management has raised $130m for its latest investment vehicle focused on small-scale renewable energy and resource efficiency projects in Southeast Asia.

28 August 2013

Suntech loses three directors, appoints new chairman

Suntech1_1701 Troubled Chinese PV producer Suntech has seen three directors leave the company, citing unclear business plans.

28 August 2013

EU says China guilty of illegally subsidising solar industry

The European Union has warned Beijing it has evidence of Chinese solar companies benefitting from illegal subsidies.

27 August 2013

LDK Solar Q2 losses fall to $53.8m

china-flag2_170 Chinese renewable developer LDK Solar has reported $53.8m losses for the second quarter of 2013, alongside gross margins of -46.9 per cent.

27 August 2013

Reliance Cap to invest INR100 crore ($15.1m) in wind power JV with Ming Yang

Mumbai-based Reliance Capital will invest INR100 crore into a wind power joint venture with Chinese wind power provider Ming Yang.

27 August 2013

Asian firms seal $61m deal to build Indonesian geothermal plant

A group of Japanese firms have sealed a JPY6bn deal to construct a geothermal plant in Indonesia.

27 August 2013

Terra Firma raising for $3bn renewables fund

Europe-based Guy Hands-founded private equity group Terra Firma is fundraising for a new $3bn renewable energy fund.

27 August 2013

Morgan Stanley-backed Continuum receives $164m loan for 175MW wind farm

Continuum Wind Energy, backed by Morgan Stanley Infrastructure Partners, has received a INR9bn loan ($164m) from the State Bank of India and other lenders for a 175MW wind farm in India.

27 August 2013

Xinjiang Goldwind records 28 first-half profit rise

china-flag_170 Chinese wind company Xinjiang Goldwind Science & Technology has posted a 28 per cent increase in first-half 2013 profits in its latest results, up to CNY92.7m ($15.1m).

26 August 2013

Stock round up: China solar booms as Western PV companies dwindlep

This week, Chinese solar companies took advantage of new freedoms in the global solar trade following the semi-reversal of solar tariffs, with one report noted the ongoing oversupply of panels at the global level was continuing to accelerate the already fast-paced drop in world PV prices.

26 August 2013

India puts $7.9bn into renewables ‘corridor’

India has put $7.9bn of investment into creating a renewables 'corridor' to stimulate renewable energy development into the country's national grid.

23 August 2013

Mitsubishi moves in Italian solar with acquisition of Solar Holding

Mitsubishi, Innovation Network Corporation of Japan, and Solar Ventures have together acquired 100 per cent of Solar Holding, which holds 42MW of solar operating in Italy.

23 August 2013

Abramovich helps boost Clean Air Power fundraise to £5m

Ervington Investments, owned by Roman Abramovich, has joined an investment round into Clean Air Power (CAP), helping the company to raise £5m.

23 August 2013

Increasing costs, intermittent supply drive uptake of India’s large scale solarp

With rapid economic expansion already contributing to an electricity shortage in India, high levels solar irradiation and high electricity prices paid by industrial customers are helping to make large-scale solar installations a financially attractive alternative source of energy.

23 August 2013

PV industry on mend, 30% expenditure increase in 2014 forecast

The global PV industry is showing early signs of a recovery, with expenditure set to rise 30 per cent in 2014, according to IHS.

23 August 2013

Wind O&M market to more than double by 2020, China to lead

The operations and maintenance wind market is expected to increase by $12bn by 2020, with China set to harbour almost a quarter of the market.

23 August 2013

Indian Government plans 4GW solar thermal for Rajasthan

The Indian government is planning to set up 4,000MW of solar thermal power in the state of Rajasthan.

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