Renewable energy was the basis of half of all global power transactions last year with 245 deals adding up to US$68 billion and a particular focus on wind and solar, according to a new report from EY. EY's ¡®Power transactions and trends: 2015 review and 2016 outlook¡¯ report found that investors round the world are adding these renewable technologies to comply with regulations and reduce their exposure to the increasingly volatile commodities market. EY also reported
Our company will be closed from Feb. 6th to Feb. 13th, 2016 for new year holiday.
Mexico¡¯s liberalised electricity market traded openly for the first day this week as conditions continue to improve for solar developers. Bloomberg reported that the first day of trading yielded average prices of 354.69 pesos per MWh (US$19.21/MWh). Prices in Texas in 2016 are averaging US$21.07/MWh, according to data from the US Energy Information Administration (EIA). The liberalisation is part of sweeping changes to the country¡¯s energy market that have broken dow
Off Grid Electric, a company specialising in providing electrification to rural communities, has created a US$45 million investment vehicle, bringing its total raised this year in equity and debt financing to US$70 million. Having so far executed projects in Tanzania, with a recent entry into neighbouring Rwanda, Off Grid Electric closed a Series C funding round a couple of months ago worth US$25 million. Company CEO told PV Tech at the time that the company¡¯s success in getting
The European Commission has handed down anti-dumping and anti-subsidy duties of 53.4% and 11.5% to Malaysian and Taiwanese firms that enable Chinese solar products to dodge existing trade laws. An anti-circumvention investigation by the commission has found that while the vast majority of producers in both countries were legitimate, there was some evidence of transhipment, fraudulent invoices on components and laminated modules being imported as cells. Some companies claiming to