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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
Brazil¡¯s energy regulator National Electric Energy Agency (ANEEL) has approved an ¡°historic¡± revision of the country¡¯s net metering scheme for small-scale renewable energy systems, making it amongst the most forward-thinking countries in this sector, according to Rodrigo Sauaia, the director of Brazil¡¯s solar industry association, Absolar. The revision, which has been scheduled since the net metering regulations were first implemented several years ago, came about after the reali
Major Taiwanese PV manufacturer Motech Industries is making an investment in a PV module manufacturing subsidiary of monocrystalline solar cell producer Solargiga Energy that will drive an additional 600MW of new capacity at the plant in China through 2016. The PV module subsidiary of Solargiga is expected to expand PV module capacity by 400MW and enter volume production in February 2016. A second phase of expansion totalling 200MW is follow and start ramping in the third quarter
Plans to bolster India¡¯s struggling power distribution companies, seen as critical to delivering the country¡¯s ambitious solar plans, must also include an overhaul of electricity tariffs, experts have claimed. In ablog post, Bridge to India saidmissing from last week¡¯s rescue plan for India¡¯s Discoms was ¡°serious discussion¡± of tariff reform, without which the consultancy said efforts to put the organisations on a stable financial footing would ¡°fail¡±. The financial