Saudi’s ACWA Renewables sells 49% stake to China’s Silk Road Fund

The Chinese state-owned infrastructure investment fund, which already has strong ties to the Saudi power company, will be a major shareholder in a Middle East and African clean energy portfolio that adds up to 1668 MW of generation capacity.

Shortage of polysilicon for mono-Si wafers lifts prices

Analysts have observed rising demand amid rumors of stock shortages. Meanwhile, the price of mono cells fell further, although not far enough as far as the big beasts of the PERC module jungle are concerned.

Longi to spend $349m on new 5 GW module fab in Taizhou

The world’s number one mono silicon module manufacturer will add another 5 GW to its annual panel production capacity in 2020 as it pursues 16 GW of output this year and 25 GW next year.

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Jinko supplied 351 MW plant in Vietnam

The Chinese manufacturer revealed it had supplied the modules to one of the largest PV facilities in the APAC region outside its homeland.

Comtec sells slice of EV unit to online gaming company The9

The Nasdaq-listed game developer will offer shares in return for a 9.9% stake in the Chinese mono solar manufacturer’s Kexin electric vehicle and storage business.

China Power prepares to delist clean energy project company from public exchange

The state-owned power conglomerate is ready to spend more than $370 million on taking its project business out of the public eye.

Statera announced as partner on 1 GW virtual power plant in the UK

Norwegian hydropower company Statkraft has revealed more details of its solar-storage-wind-gas network. Previously announced plans to potentially double capacity this summer were not mentioned in the update.

Energy storage could see refugee camp powered entirely by solar

Swedish company Azelio is studying whether storage could ensure complete self-sufficiency for the 36,000-strong Azraq camp, which already draws 70% of its electricity from solar generation.

GCL-Poly completes shares placement to help pay down debts

Company stock diluted more than 8% to generate gross proceeds of $87 million as the company continues its policy of expansion at a breakneck rate.

Solar, storage and wind can keep us on track as far as 2030

This year’s New Energy Outlook report by Bloomberg New Energy Finance predicts renewables can keep us on track for less than two degrees of global heating for the next decade. But after that, other technologies will have to do their bit.

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