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Shunfeng set to sell off another 130MW of solar farms

The developer is aiming to resume trading in its stock tomorrow ahead of a shareholder vote this month which could remove more than half of the $220 million it owes creditors in overdue payments.


Chinese solar developer suspends trading in stock

Heavily-indebted Shunfeng International could be set for another big sell off of solar assets as it tries to pay down a near-$300 million overdue debt pile.


Chinese Industry Brief: CATL inaugurates 120 GWh lithium-ion battery factory

The lithium-ion battery producer began manufacturing activities at its new factory in Ningde city, Fujian Province. Aiko Solar has also secured 4,515,000,000 wafers for the next three years through three different supply deals.


EBRD package to pay for 27 MW of solar in Turkish city

The London-based development institution will offer up a loan and grant to fund the construction of five solar plants at municipal sites across Gaziantep, as part of the lender’s Green City program.

EU to rule on planned Canadian investment in Spanish rooftop business

The European Commission has called for submissions from parties with an interest in a proposed investment in Powen by Brookfield.

EU approves renewables incentives for Greek islands

The European Commission has given its seal of approval to a government program which will drive an estimated 264 MW of solar and wind capacity across 47 islands while they await connection to the mainland grid.


Latvian plan to exempt big energy consumers from renewables surcharge approved by EU

The Baltic state has offered energy-intensive, international-facing industries up to an 85% discount on a surcharge levied on electricity consumers since May 2017 and made the scheme wider ranging this year, in a move approved by the European Commission.


Chinese PV Industry Brief: Daqo announces $5.2bn investment to expand capacity

The polysilicon maker has announced it wants to build another factory in in Baotou City, Inner Mongolia. Elsewhere, the National Energy Administration has said new PV installations for the first 11 months of the year totaled 34.83 GW.


Financial close for Mozambique’s first solar-plus-storage project

Anglo-Norwegian public funding body Globeleq has said the 19 MWp/2MW-7 MWh Cuamba project will be supplying electricity during the second half of next year.

Europe faces ‘new era of energy dependency’

The EU has been pouring money into European battery manufacturing and recycling projects but has, as yet, been unable to address the critical question of raw materials, according to analyst WoodMac.


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