The largest Property Assessed Clean Energy (PACE) bond securitisation has been completed. The securitisation, HERO 2016-2, includes US$305,313,000 in Class A Notes, secured by 13,432 PACE assessments levied on residential properties in 31 counties across the state of California.
GE Ventures, the venture capital arm of US-headquartered multinational engineering group GE, has invested in German energy storage hardware and services provider Sonnen.
A field trial to deploy 50 grid-connected energy storage systems will go ahead in Scotland between UK energy storage firm Moixa Technology, vertically integrated energy company Scottish Power and an energy efficiency advisory group.
Leading PV manufacturing equipment supplier, Meyer Burger has secured a CHF 22 million (US$22.5 million) order from Russia-based integrated solar module manufacturer to convert to heterojunction (HJ) and bifacial cell production and ‘SmartWire’ module assembly.
Indian renewable energy developer Azure Power has inaugurated a 28MW solar plant while starting construction for another 150MW project in Killianwali village of Muktsar district, in the Indian state of Punjab.
Saudi Arabia-based PV module cleaning technology start-up NOMADD (NO-water Mechanical Automated Dusting Device) has secured US$1 million in funding from the KAUST (King Abdullah University of Science and Technology) Innovation Fund.
Post SNEC 2016 exhibition reports are starting to raise concerns over a looming collapse in downstream solar PV demand in China in the second half of the year that could lead to wider implications of both solar cell and module overcapacity and subsequent ASP declines hitting the global solar industry.
Arizona Public Service (APS) has requested the Arizona Corporation Commission for the first rate review in five years, with proposals that include an unprecedented mandatory demand charge and the elimination of net-metering.
