A bevy of lenders from Australia, Germany and the Netherlands have provided up to £272 million for 17 solar and onshore wind projects that benefit from the U.K.’s expired incentives program.
It turns out the cash element of the HK$54.9 billion ‘cash and stock replacement’ plan to privatize Hanergy’s Hong Kong listed thin film division amounts to around HK$0. Thin Film shareholders face a Hobson’s Choice between a convoluted scheme laced with uncertainties or writing off their stock.
Although light on detail, Hydrogenics Corp’s announcement of an electrolyzer project win appears to signal the North American nation has swelled the number of power-to-gas schemes worldwide – and this one should be in operation next year.
The manufacturer endured a rollercoaster ride in 2018, as China’s 5/31 policy decision saw prices plunge before staging a partial recovery. But the Wuhu-based company saw an uplift in its development business and is forging ahead with production expansion amid bullish predictions for the future of PV.
The president last night announced he is hoping to arrange a meeting with Chinese counterpart Xi Jinping to bring an end to the long-running trade stand-off between the two nations, provided further progress can be made in negotiations.
The indebted Chinese developer has put back plans to set a date for its huge shares issue scheme by three weeks. The company needs to raise HK$1 billion that is due for repayment by May but needs stock holders to agree to significantly dilute their stakes.
The big manufacturers turned their Chinese new year production efforts to higher efficiency products but order volumes for standard cells fell during India’s peak PV season, according to PV Info Link.
The polysilicon giant has extended the repayment date for a loan to an EPC subsidiary by 10 months and, with its share price rising sharply, should investors prepare themselves for some as yet unannounced good news?
Considering the remarkable advances made by the solar sector since the Rio ‘Earth Summit’ of 1992, PV was notable by its absence at the Convention of Parties climate change summit held by the UN in Poland.
The rise of renewables may have hogged the headlines but there is, nevertheless, a reassuring underlying message to investors with their money in fossil fuels. However there may be hope in meeting the Paris Agreement goals, if only we could encourage a few more trade wars…
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