Plus, Australia’s Greens want renewables front and center of the post Covid-19 economy and Mexican plant owners are overturning a politically-motivated ban on clean energy, however, Indian developer Acme solar says pandemic delays warrant it reneging on the terms of the record-low solar price agreement it signed.
U.K.-based Power Transition today launched a crowdfunding exercise to raise the £300,000 it says it needs to scale up its blockchain-based, peer-to-peer energy trading platform beyond a 47-home demonstration project.
Sveck, China’s top supplier of EVA films for PV modules, has revealed plans to list shares in Shenzhen. China Guangdong Nuclear Power Corp. has selected Longi and EGing to respectively supply 238 MW and 112 MW of panels for its projects, with Longi also announcing wafer price cuts. Jincheng Machinery, meanwhile, has started raising funds to develop a new production line.
NextEnergy Capital Group has secured a £100 million credit line from Spanish lender Santander as it aims to connect the U.K.’s largest solar plant to the grid this year.
The state-owned construction business which saved Singyes Solar with a US$200 million bail-out is now preparing to invest in a 75% stake in debt-saddled peer China Solar, whose shares have been unlisted since August 2013.
Jinko Power has moved forward with plans to list shares on the Shanghai Stock Exchange, while Trina Solar said that the China Securities Regulatory Commission has approved its application for its own initial public offering. Polysilicon producer Daqo, meanwhile, reported solid first-quarter results, and the organizer of the SNEC solar show changed the exhibition’s dates and location once again.
Cell supply shortages could kick-start manufacturing activity in India, EV car sales are braced for a fall while still gaining market share and a new date has been set for the world’s biggest solar trade show.
Datang Group has launched a bidding process to procure 5.5 GW of PV modules and inverters for its own solar projects. The SNEC trade show in Shanghai has set new official dates, after being postponed in early April due to the Covid-19 pandemic. And Topray Solar is seeking to raise funds for a 200 MW solar project in Guangdong province.
EV sales are set to be 1.7 million off because of the economic fallout of the Covid-19 crisis, however analyst BloombergNEF predicts that will be less of a hit than the anticipated fall in sales of conventional cars, increasing the penetration of electric models into the overall market.
Beijing Energy, which is among a bevy of public entities holding stakes in the developer, is proposing one of its subsidiaries offer $211 million of leasing options to debt-saddled Panda Green.
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