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Sungrow Raises US$ 400 Million to Strengthen Core Solar Business

Chinese PV inverter manufacturer Sungrow has announced that it issued 120 million additional shares—raising US$400 million of additional capital to strengthen it solar core business. With this new stock offering, the company is expected to reinforce its financial strength, reduce financial risk, and optimize its financial structure. The US$400 million raised in equity capital will […]

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Tesla wagers on renewable energy, to acquire SolarCity for $2.6 billion

Elon Musk’s Tesla Motors Inc. has acquired solar panel installer SolarCity for USD 2.6 billion. Tesla to acquire SolarCity in an all-stock transaction, under the agreement SolarCity stockholders will receive 0.110 Tesla common shares per SolarCity share, valuing SolarCity common stock at $25.37 per share based on the 5-day volume weighted average price of Tesla […]

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Alta Energy Hires Solar Veteran Mark Bettis as Vice President of Sales

Alta Energy, solar analytics and Procurement Company has hired Mark Bettis to serve as Vice President of Sales. Alta Energy enables commercial enterprises, property owners and agricultural companies to make clear, rational decisions about where, when and how to deploy renewable energy profitably. Prior to joining Alta Energy, Bettis served as Vice President of Sales […]

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Uganda Debuts Solar-Powered Bus

Kiira Motors‘s solar-powered bus has made a public debut in Uganda. Recently the company showcased the solar powered bus named Kayoola at Uganda’s capital. The bus has 35 seats and is the first public bus in Africa to be powered by the Sun. According to the chief engineer of the project, Mairo Obuwa, engines of […]

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Bras Solar to open solar panel factory in Brazil

China based Bras Solar has announced that it will open a solar panel factory in Rio Grande do Norte, Brazil. Construction is expected to start this year and the facility is expected to have an initial revenue of USD 61mper year, it will be up and running by 2017. The company aims to reach revenue […]

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Solar Power Tariffs expected to drop to as low as INR 3.50 a unit in 3 years

Solar power tariffs in India, which fell below Rs. 5 per unit since last November, are once again expected to sink further as the industry doubles volumes every year and the cost of producing power continues to drop. A report published in the Mint mentions that that tariffs will fall to as low as 3.5 […]

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PM Narendra Modi invites India’s top fossil fuel ventures to contribute in solar

India’s topmost energy corporations are moving beyond their roots in fossil fuels to plough money into renewables, supporting the idea of Prime Minister Narendra Modi’s goal to expand the growth of alternatives to the most polluting forms of energy. According to the reports of state agency responsible for implementing energy policy, one of the prominent […]

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