A Florida-based e-mobility company and a business park operator have pledged to invest up to $1 billion into the planned factory, in Chonburi province, starting with a 1 GWh section likely to take shape in 2023.

Peter Faricy was not at the helm during the opening quarter of 2021 but his first earnings call saw him explaining a quarter-on-quarter reverse from a $413 million profit to a near $50 million loss.

A Carbon Tracker report estimates 60% of the world’s technical solar potential – enough to produce 3.5 exawatt-hours of clean electricity per year – would already be cheaper than fossil fuel if installed. Of the remainder, most would be in sub-Saharan Africa, a region which has the potential to be a global solar and wind powerhouse.

Lithuanian-owned solar developer Modus Energy International is reportedly seeking €11.5 million from the Ukrainian government after it retroactively reduced feed-in tariff payments from August. Modus claims Kiev breached the Energy Charter Treaty with its reduced-payment legislation.

Furthermore, Luoyang Glass reported first-quarter net profits of RMB136 million (US$21 million) and TBEA Xinjiang New Energy announced the settlement of a dispute over a 99 MW wind farm.

The €400 million, three-year scheme will guarantee price stability for developers while limiting costs to the Danish treasury and applies to on and offshore wind, wave power and hydro, as well as solar.

German developer Juwi plans to have a 36 MW off-grid solar plant and 7.5 MW of battery storage operational at the Sukari mine during the second quarter of next year.

The manufacturer says it shipped 1.69 GW of its inverters in the first three months of the year and predicted a further quarter-on-quarter rise in revenue from the current window.

Dutch off-grid solar organization GOGLA has focused on the negative effect of the reimposition of VAT and import duties on solar lighting systems in Kenya as emblematic of the lack of legislative support for clean energy across the continent.

The Chinese poly maker expects to sign off a debt reorganization plan in Bermuda next month and has announced its latest $102 million solar project sell-off.