Troubled renewables firm SunEdison has continued to come under pressure from hostile investors to change some of its business strategies, remove certain executives and force a sale of the business, as well as further class action law suits being filed against the company.
France has pledged a €300 million contribution to the International Solar Alliance, the climate change-driven initiative to promote solar, backed by more than 120 countries.
Two Spanish parties have presented non-legislative proposals to repeal some of the most harming aspects of the Royal Decree against self-consumption of solar energy in Spain.
India’s government has approved significant amendments to the nation’s power ‘Tariff Policy’, including increasing the Renewable Purchase Obligation (RPO) to 8% for solar energy by March 2022.
India’s fifth largest private sector bank YES Bank plans to list a Green Bond of up to US$500 million on The London Stock Exchange by December this year.
Renewable energy firm SunEdison has completed the second phase of a deal to acquire a 33% interest in US utility Dominion’s 567MW portfolio of solar projects for US$117 million.
Major US-based residential solar PV installer Sunrun has finalised senior secured credit facilities totalling US$250 million through Investec and Investec Bank to support further residential installations.
