Debt-saddled solar developer has state appointee take over as chairman and CEO

Zhang Ping, a 30-year coal-fired power industry veteran, has taken the helm at Hong Kong-listed Panda Green, days after a $230 million bail-out by state-owned Beijing Energy Holding Co Ltd.

SolarEdge figures tick all the boxes for investors

Lack of flannel in the latest quarterly and full-year filing indicates the Israeli inverter maker is happy the figures speak for themselves. The company is in an expansionary mode as it enters the energy storage and electrical vehicle markets with cash from its financial warchest.

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India to add 34 GW of solar through 2024

Consultancy Bridge to India has looked into its crystal ball to predict India will add 10 GW of solar capacity this year and the same next year before deployment slows to 7 GW per year in 2022 and 2023, dogged by hurdles such as an inexplicable ongoing demand for new coal-fired power plants.

Bail-out leaves Chinese solar developer needing to raise $62.5m by summer

The twice-postponed $230 million investment which will see Chinese state-owned Beijing Energy acquire a 32% stake in Hong Kong-listed developer Panda Green has finally gone through. The developer now has five months to drum up enough to pay off two more of its other three state-owned backers.

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Beijing to develop 500 MW of solar in Uganda

State-owned China Energy Engineering Corp Ltd said the PV capacity will be developed in two phases in a deal worth $500 million.

New hold-up in GCL project business’ $155m asset sale

Shareholders planning to vote on whether to sell off 294 MW of Chinese solar capacity to Beijing-owned utility China Huaneng will have to wait a little longer to find out how.

Ganfeng Lithium affected by coronavirus but share price keeps on rising

The board of the lithium miner and refiner has revealed how the outbreak has hit its Chinese production after noting ‘unusual’ share price gains this week.

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India’s future energy options all add up to coal, agree the experts

Panellists including a government representative and a member of the chief policy thinktank used by Narendra Modi agreed coal will continue as the staple source of Indian power into the mid century and technology should be employed to ‘clean’ it.

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Coronavirus could cost Chinese battery makers 26 GWh of output

WoodMac analysts say the amount of new battery manufacturing capacity added in the nation this year could fall by as much as 10% because of the outbreak. With Tesla’s Shanghai gigafactory affected by the extended new-year-holiday shutdown, the analyst warned of potential supply shortages for Australia and the U.S. and U.K.

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Energy density advances and faster charging would unlock EV revolution

With electric vehicles making up only 3% of the global car market last year, analyst WoodMac says battery packs need to be cheaper and lighter and range anxiety must be addressed to change the habits of drivers.

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