The business will come under the control of its Chinese state-owned parent power company after a shareholder vote agreed the move earlier this month.
The Norwegian polysilicon supplier – which has most of its manufacturing operations on U.S. soil – cannot give any estimate on when its solar material production lines will return, and has been left entirely dependent on the semiconductor products made by its Montana facility.
Rather than helping electric vehicle take-up by driving down costs to parity with traditional engines, the low price of nickel at the moment is deterring investors and could cause a supply shortage that holds back electromobility in a few years’ time.
The project developer and BIPV maker wants creditors to agree to postpone settlement of their debts for three years and will offer a financial incentive – provided a proposed Chinese state-backed bailout is voted through by its shareholders.
An investor tool examining the coal fleets of major global power companies has offered up analysis which flies in the face of arguments solar and wind generation could help turn around the debt-saddled South African utility.
China’s National Energy Administration has given the greenlight to 3,921 ground-mounted and distributed generation projects. The approved energy price bids ranged from $0.0407 to $0.080, depending on system size, for an average price of $0.048.
The head of Mercom Capital says solar has a long way to go before it can stand without policy support. Effective grid parity will only be achieved when the cost of PV electricity factors in the expense of grid upgrades and the storage systems its intermittent nature requires, says Raj Prabhu.
The kingdom has revealed 28 Saudi entities are among the 60 bidders when the first four projects of the second round of its National Renewable Energy Program are offered up in just over a week’s time.
With a glut of solar capacity having come online this year, cheaper financing would help keep some of that momentum but policymakers cannot be persuaded of the economic benefits of clean energy unless state-owned utility EVN opens up.
The world’s biggest solar market could be about to replicate that feat in energy storage, provided it manages to reform the payment system for rewarding the grid services offered by batteries.
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