OPIC Approves $15 Million Loan For SunFunder’s “Beyond The Grid Solar Fund”

The US Government’s Overseas Private Investment Corporation has approved a $15 million loan for SunFunder’s new $50 million “Beyond The Grid Solar Fund.” The Overseas Private Investment Corporation (OPIC) announced on Monday approval for a $15 million loan to SunFunder’s Beyond The Grid Solar Fund, a new investment vehicle to be managed by … [continued]

South Africa Solar Power Project Financed by OPIC

The US development finance agency will provide as much as $250 million in financing for MEMC and its SunEdison solar energy subsidiary, along with two local companies, to develop a 60-megawatt PV facility in the Free State province town of Boshoff. The project is the result of the companies’ successful bid in South Africa’s historic Renewable Energy Independent Power Producers Program. […]

First Solar Launches India Expansion Plan as Trade Tensions Escalate

First Solar’s shifting its strategic focus toward supplying and building thin-film solar power projects in India, as PV cell and panel profit margins continue to be pressured and trade tensions escalate. The Tempe, Arizona thin-film market leader aims to capture 20% of the Indian solar PV market even as critics assert that US government export finance banks are providing low-interest loans to Indian solar power project developers that violate WTO rules on international trade. […]