Max Hall
European Commission reveals circular economy plan amid Covid-19 storm
The trading bloc’s bureaucrats could be praised for grasping the nettle to transform manufacturing in a post-Covid-19 world or accused of burying another slew of red tape whilst member states are distracted, depending on your point of view.
Finance secured for 500 MW Omani project despite Covid-19 disruption
Saudi energy company Acwa Power announces $275 million has been borrowed for a project which is due to start supplying electricity to the national utility this year under a 15-year power supply deal.
Panda Green warns of $500m annual loss
The bailed-out Hong Kong-listed PV developer has warned its remaining independent shareholders of a thumping net loss for 2019 as it prepares to reveal its final results at the end of the month.
Covid-19 reportedly delays prospect of solar power world record
The meeting planned yesterday to open the final bids by consortia vying to develop the 1.5 GW Al-Dhafra solar field in Abu Dhabi was reportedly postponed because coronavirus-related restrictions on public gatherings in the emirate. The chairman of the Abu Dhabi Department of Energy told pv magazine this year the project would bring a new low price for solar power.
UK deals for vanadium redox flow merger and electric vehicles announced
English partners appear to be in demand with a London-based vanadium flow supplier tying up with a U.S. partner just as an automotive design company in Coventry announces plans for electric and hydrogen vehicle production in the West Midlands.
Poly maker pulls out of wafer JV with semiconductor company
GCL-Poly has pulled its commitment to inject US$68m into a 30 GW production capacity wafer fab joint venture established with Tianjin Zhonghuan in the Chinese autonomous region of Inner Mongolia, citing a preference to focus on ‘more competitive products’.
Shunfeng halts trading ahead of 540 MW project capacity sale
The planned disposal of more than a third of the Chinese solar company’s project portfolio would take a significant chunk out of its debt mountain but trading in company stock was halted this morning, pending an announcement in relation to the project sale. Shunfeng sold off German PV project monitoring business meteocontrol to another operation owned by its main shareholder at the end of last year.
Finnish solar manufacturer extends vital fundraising exercise again
Valoe Corporation has extended its €3.5m convertible bonds issuance but with investors fleeing to safe havens and Lithuania yesterday announcing COVID-19 quarantine measures, hopes of getting cell manufacturing off the ground in Vilnius this month appear unrealistic.
Finnish solar manufacturer touts self-charging car deal as €3.5m fundraising ticks down
A convertible bond issuance by Valoe Corp is due to expire on Sunday and the board has already been forced to sign up for more than 40% of the investment. The module maker, which is still attempting to pay for a cell line acquired from Solitek last year, has been announced as a technology partner by Munich-based Sono Motors.
Yingli finally opens up on debt restructuring
The Chinese manufacturer had not updated its English-speaking investors since October and now appears set to have its chief Chinese operations taken over by creditors.
