Max Hall
Bail-out leaves Chinese solar developer needing to raise $62.5m by summer
The twice-postponed $230 million investment which will see Chinese state-owned Beijing Energy acquire a 32% stake in Hong Kong-listed developer Panda Green has finally gone through. The developer now has five months to drum up enough to pay off two more of its other three state-owned backers.
Beijing to develop 500 MW of solar in Uganda
State-owned China Energy Engineering Corp Ltd said the PV capacity will be developed in two phases in a deal worth $500 million.
New hold-up in GCL project business’ $155m asset sale
Shareholders planning to vote on whether to sell off 294 MW of Chinese solar capacity to Beijing-owned utility China Huaneng will have to wait a little longer to find out how.
Ganfeng Lithium affected by coronavirus but share price keeps on rising
The board of the lithium miner and refiner has revealed how the outbreak has hit its Chinese production after noting ‘unusual’ share price gains this week.
India’s future energy options all add up to coal, agree the experts
Panellists including a government representative and a member of the chief policy thinktank used by Narendra Modi agreed coal will continue as the staple source of Indian power into the mid century and technology should be employed to ‘clean’ it.
Coronavirus could cost Chinese battery makers 26 GWh of output
WoodMac analysts say the amount of new battery manufacturing capacity added in the nation this year could fall by as much as 10% because of the outbreak. With Tesla’s Shanghai gigafactory affected by the extended new-year-holiday shutdown, the analyst warned of potential supply shortages for Australia and the U.S. and U.K.
Energy density advances and faster charging would unlock EV revolution
With electric vehicles making up only 3% of the global car market last year, analyst WoodMac says battery packs need to be cheaper and lighter and range anxiety must be addressed to change the habits of drivers.
Panda Green taps shareholder for $11m, 18-week loan at 13%
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.
Eni completes solar project on chemical industry site
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.
Solargiga warns public about fake website
The PV manufacturer said it has no connections to a website which features its logo and some of its completed solar projects and which invites visitors to download an app enabling them to start investing.
