Three days after the drone attack ordered by the U.S. which killed Iranian power broker Qassem Suleimani, energy forecasting service AleaSoft said the price of Brent was rising again today. The potential shake out of rising oil costs for the solar industry is difficult to predict.
The analyst expects the final figure for new PV generation capacity in 2019 to top out at 20-24 GW thanks to the delayed introduction of a new solar policy, land scarcity, financing problems and grid connection issues. There are clouds on the horizon too, with China set to remain wedded to coal for the foreseeable future.
Sun Da has moved to become the lithium energy storage and electric vehicle battery company’s second largest investor, raising HK$10.3 million for the business in the process.
The indebted developer has been forced to extend the period during which the holders of $350 million of senior notes can decide whether to delay settlement by two years.
As Germany shuttered another of its nuclear power plants on New Year’s Day, the office of Indian prime minister Narendra Modi was said to be considering a proposal which would make coal more competitive with renewables in one of the world’s worst polluting nations.
By this time next year we may be able to wave goodbye to that old chestnut about renewables endangering security of supply. Elsewhere, the price of lithium – and the products it goes into – could go either way after tanking this year.
Battery innovations started to come thick and fast this quarter as the hunt for alternatives to lithium-ion intensified and the latest slew of solar tenders indicated the relentless pressure on solar power generation costs was showing no sign of abating.
Storage has long been expected to be the handmaiden of a renewable energy world and its long awaited advances started to finally emerge in the third quarter as researchers posited R&D achievements ranging from potentially potent tungsten disulfide nanotubes to the business case for 10-year solar panels.
Intersolar Europe is always a key date in the solar calendar but this year’s show had it all, including three panel-smuggling arrests. Elsewhere, wafers were getting bigger, efficiency records were tumbling and new technologies were emerging. There was also more news on the solar car ports fad and Hanwha’s ongoing legal tussle.
Finnish lender Nordea has called in a NOK150 million indemnity loan thought to have been taken out by REC Silicon ASA as a result of the bankruptcy of its Norwegian wafer manufacturing arm seven years ago.
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