The debt-saddled PV project developer appears to again be piling up credit lines as it awaits the outcome next week of its latest, $231 million Chinese state-backed bail-out.
The Italian oil super major says its latest, 31 MW facility takes it to 80 MW of installed capacity across 13 solar plants in five Italian regions. Some 70% of the power generated by the new project will be used by Eni chemicals subsidiary Versalis.
Differing finance costs across the continent are likely to see wind-rich, high electricity demand nations such as Germany, France, Austria and Belgium forge ahead with renewables at the expense of countries with plenty of sun but where borrowing is expensive, according to a German study.
The English company says its modular solutions are due to undergo flight testing in the U.S. and are ‘three to five years’ from commercial production for aircraft.
The debt-saddled developer now has to hope its latest, $230 million state bail-out goes ahead before summer or it will be left $260 million in hock to its Beijing-owned main shareholder.
The scale of fossil fuel deals signed between African governments and U.K. oil and gas interests reportedly amounted to more than 11 times the volume of renewable energy commitments as Britain scrambles for post-Brexit financial opportunities.
A list compiled by a British price comparison website draws upon data from German company Statista which shows clean energy – including hydro – made up 12.74% of the nation’s power mix at the end of September.
Félix Tshisekedi reportedly said he wants to use standalone energy units, such as solar home systems, to bring electricity to at least 21 million people in the next nine years.
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