Max Hall
State-owned lenders will stump up cash to bail out developer Panda Green
With a $3bn debt pile, gearing of 73.1% and $127m due for repayment in around three months’ time, the directors of the former United PV Group want shareholders to dilute their investment by issuing shares worth more than 40% of an enlarged company, with a chunk of the proceeds coming from public funds.
Middle East solar pioneers have their efforts recognized
DEWA projects featured strongly in this year’s accolades but there was also recognition for projects beyond the region and some eye-catching innovations.
PERC cell efficiency records tumble
Chinese manufacturers Risen Energy and LONGi have both announced conversion efficiency records for PERC cells as the twin quest to drive down costs and increase energy output shows no sign of abating.
Solar investment slid on the back of cheaper modules and China setback
The world again saw more than $300 billion of clean energy investment in 2018, according to BloombergNEF, and although wind narrowed the gap on solar, plunging module prices skewed the figures as PV capacity additions rose 10 GW.
Hanergy welcomes latest policy noises to come out of Beijing
The thin-film manufacturer and project developer says the Chinese government’s package of measures to drive subsidy-free solar projects will ensure a proliferation of new capacity additions and consolidate the strength of big players like itself.
Hanergy tops list of top Chinese listed companies active in solar
The thin-film manufacturer, developer and maker of the Humbrella, HanTile and HanWall made 78th position in a ranking of China’s Top 500 companies, an improvement on last year’s 91st place, to lead the six solar-linked businesses on the list.
New products contribute to another record year for sustainable finance
BloombergNEF figures show financial vehicles linked to environmental and/or social benefits amounted to $247bn worldwide in 2018. The US led the way, almost entirely because state-backed mortgage provider Fannie Mae issued $19.8bn worth of green home loans.
Solar the cheapest power source – so let’s use it to extract fossil fuels
In the wake of a COP24 climate change conference which emphasized the need to wind down fossil fuel exploitation rapidly, Kuwait is turning to PV as a sustainable solution – of ramping up its oil production.
Industry offers cautious welcome as UK government guarantees export payments after all
The Department of Business, Energy and Industrial Strategy has proposed a replacement for the flat rate FIT payment regime that is hard to argue with, as it is linked to the actual amount of electricity exported back into the grid.
Another NY legal firm files class action against JA Solar
Bronstein, Gewirtz & Grossman LLP claims JA Solar intended to relist on the Shenzhen exchange after merging with its holding company in July, but did not outline that intent when it asked U.S. shareholders to vote on the planned merger.
