ReneSola Secures Project Financing for 30MW of Distributed Generation Projects in China.

ReneSola Secures Project Financing for 30MW of Distributed Generation Projects in China.

ReneSola Ltd, a leading fully-integrated solar project developer and provider of energy-efficient products, today announced it has secured an RMB120 million (US$18 million) financing facility from China Kangfu International Leasing Co., Ltd (“China Kangfu”), an affiliate of State Power Investment Corporation (SPIC). The financing will be used to support the development of ReneSola’s 30 MW of […]

ACME Solar raises Rs 700 cr from financial arm of Piramal Enterprises.

ACME Solar raises Rs 700 cr from financial arm of Piramal Enterprises.

Piramal Finance Ltd (PFL), a part of the Ajay Piramal-controlled Piramal Enterprises, has sanctioned Rs 700 crore to ACME Solar Holdings, Delhi-based Independent Power Producer, with a portfolio of over 1.8 GW of solar power across 14 states. The company’s current operational capacity is over 1 GW and is expected to reach 1.4 GW by […]

Global pension funds warm up to India’s solar plans.

Global pension funds warm up to India’s solar plans.

Some of the world’s biggest pension funds, seeking long-term returns on green investments, are scouting for deals in India’s solar power sector, where Prime Minister Narendra Modi is targeting $100 billion in investment in the next five years. Power demand in Asia’s third-largest economy is set to surge as the economy grows and more people […]

Iran has inaugurated a major solar power plant.

Iran has inaugurated a major solar power plant.

Iran has inaugurated a major solar power plant as the country is pressing ahead with an ambitious agenda to use renewable energy resources.  The plant was constructed with an annual production capacity of 10 megawatts over an area of 20 hectares near the central city of Isfahan would produce. Iran’s Ghadir Electricity and Energy Company […]

India, UK to set up 500 mn pound fund to finance green energy.

India, UK to set up 500 mn pound fund to finance green energy.

The fund will focus initial investments on India’s rapidly growing energy and renewable market and a fund manager is expected “to be selected by the autumn”, which is by the middle of 2017. India and the UK today decided to set up a 500 million pound fund, with both governments together investing 240 million pound, […]

Scomi, SGSB to set up renewable energy JV.

Scomi, SGSB to set up renewable energy JV.

Scomi Group, a global service provider based in Malaysia, has joined hands with Malaysian group Synergy Generated Sdn Bhd (SGSB) to set up a new company which will bid for engineering, procurement and construction (EPC) contracts in the renewable energy sector, particularly for solar photovoltaic farms. Besides EPC solutions, the JV company will also offer […]

McNally Bharat secures Rs415 crore solar project order in Andhra Pradesh.

McNally Bharat secures Rs415 crore solar project order in Andhra Pradesh.

McNally says the company has received an order for design, engineering, manufacturing and maintenance of 500 MW grid connected solar PV power project McNally Bharat Engineering on Wednesday said it has bagged Rs415 crore solar power project order in Andhra Pradesh. “The company has received an order for design, engineering, manufacturing, supply, commissioning and operation […]

ReneSola provides EPC service for 32MW of solar rooftop projects in China.

ReneSola provides EPC service for 32MW of solar rooftop projects in China.

ReneSola Ltd, a leading fully-integrated solar project developer and provider of energy-efficient products, today announced that it will provide EPC service for solar rooftop projects in Shandong, Anhui and Zhejiang Provinces with a combined capacity of 32 MW. The Company will also supply 32MW of solar modules for these projects. The electricity generated from the projects will be consumed by their respective commercial and industrial rooftop […]

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