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Renewables cheaper than fossil fuel plants by 2030

A report by McKinsey & Company reinforces the widely-held view renewables will supplant fossil fuels in the energy system but also joins the chorus of voices warning the world is on track to fall well short of limiting global temperature rises this century to 1.5C.

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GCL dilutes stock as senior note deadline approaches

Parent company hopes to raise $535 million from the move with $500 million worth of three-year senior notes owed by its solar project business due to mature on January 30.

Saudi Arabia commissioned no solar projects last year

Plunging regional solar tariffs reportedly prompted attempted renegotiations of agreed solar power prices with the result the kingdom made no progress towards its renewable energy goals in 2020.

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Chinese PV Industry Brief: Huge orders for Trina Solar and JYT Corporation

Trina Solar has secured a 4 GW solar module order from US company Nextera Energy and wafer manufacturer JYT Corporation closed deals to supply a total of 1,906,000,000 wafers.

Sweden issues €5m call for battery studies

Researchers have just under four weeks to apply for backing for their projects, in areas including battery reuse and recycling, circular manufacturing and supercapacitors.

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Indian reliance on polycrystalline tech production leaves it trailing China

Polycrystalline PV technology, which is seeing its market share tumble on the global stage, still dominates India’s small solar manufacturing base and is emblematic of the R&D shortfalls in the sector, according to a survey of the state of the industry.

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Mini grids grant could drive 80 MW of new capacity in Africa

A new fund established by the African Development Bank could attract $650 million of private money into the sector, according to the lender.

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Confusion surrounds Kuwait’s mega solar plans

The state-owned Kuwait Petroleum Corporation has reportedly ended its involvement with the gigawatt scale Dabdaba solar field and asked the national body responsible for drumming up private sector investment to merge it with the 2 GW Shagaya renewables development.

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Thai commercial solar gets a $50m uplift

Bangkok-based solar developer Constant Energy has secured a THB1.5 billion loan from TMB Bank to finance its commercial and industrial operations.

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Solar among the options as Moldova gets €5m credit line

The loan will be supplied by the EBRD and includes €1.25 million of concessional lending provided by the global Green Climate Fund.

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