Max Hall
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.
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.
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.
World Bank lends $200m for South African renewables
The private sector arm of the multilateral development bank has offered a $200 million credit line to Nedbank, the first commercial bank in South Africa to offer a green bond, which it did on the Johannesburg Stock Exchange in 2019.
Chinese PV Industry Brief: more manufacturing capacity from Trina, GCL Integration and Eging PV
Plans to set up new cell and module capacities have been announced by the three manufacturers. Trina intends to add 10 GW of cell capacity to its manufacturing site in the Sichuan province, while GCL Integration wants to build an 8.5 GW monocrystalline solar cell factory in the Jiangsu province.
GCL concern over senior notes due January 30
Investors sitting on three-year notes worth $500 million have been asked to postpone settlement for another three years and to sign away their rights to oppose the debt restructure plan which would be needed if the company defaults on the commitment, triggering a cross default.
Consultant plays down Chinese solar fever
The nation is set to have added 40 GW of solar in 2020 and that figure will rise again this year, to 45-50 GW, according to one of the year’s first industry predictions.
Chinese PV Industry Brief: Beijing wants to loosen restrictions on glass
Furthermore, Chinese manufacturers JA Solar and Akcome both want to add 6 GW of manufacturing capacity to their respective panel production operations. Trina and Tongwei will jointly deploy another 15 GW of ingot capacity.
Somali solar providers can apply for grants from $8.5m pot
Solar distributors and service providers and microfinance businesses which are rolling out PV systems in Somalia and the self-declared Republic of Somalil and have been offered access to grants from development donors.
Ten-year renewal of Estonia’s renewables support program
New €450 million incentive regime needed to be approved under EU state aid rules.
