Essent expands into renewables with acquisition of Vandebron
Dutch gas and power provider Essent has agreed to buy the Amsterdam-based renewables marketplace for an undisclosed sum. Vandebron sells electricity aggregated from wind, solar and biomass projects.
Polish 2.5 GW solar and wind auction on December 5
In this year’s tender, which is open to PV and wind projects with a generation capacity of more than 1 MW, solar may have better prospects after securing only 1 MW in last year’s exercise. The Energy Regulatory Office also announced the auction for sub-1 MW projects will be held on December 10.
Panda Green shareholders to vote on latest $225m state bail-out plan
It is back to the meeting room for beleaguered shareholders in the debt-saddled solar project developer, ahead of a proposed shares purchase by a Chinese coal and real estate company.
China walks away from state bail-out of GCL solar project business
The proposed acquisition of a controlling stake in the heavily-indebted PV project business of solar manufacturer GCL-Poly has fallen through, with state-owned China Hua Neng now proposing to cherry-pick the more attractive assets from the unit’s 7 GW portfolio.
South Korea’s roadmap to drive down solar costs
The government has unveiled a plan to help the PV industry reduce the cost of solar panels from around $0.23/W to $0.10/W by 2030. The plan also aims to reach module efficiencies of around 24% – up to 35% for multi-junction cells – by the end of the next decade.
Brazil’s Copel contracts another 121.6 MW
The energy provider concluded its second renewables auction on November 13, and has contracted 121.6 MW of wind and solar. Selected projects will be granted a 15-year PPA and will have to begin commercial operations in 2023.
Chinese module makers land another two big overseas orders
GCL and Canadian Solar provide further proof of the solar boom that is gathering pace around the world even as attention focuses on the Chinese market.
Israel’s largest solar park comes online
The clean energy arm of Israeli conglomerate Shikun & Binui will own the 120 MW plant near the village of Zeélim.
Chile to hold new energy auction in June
According to the bidding terms published by the National Energy Commission, project proposals may be submitted by June 11 and the results will be announced on June 19. Successful bidders will secure a 15-year power supply deal and some 5.6 TWh of electricity is expected to be generated annually as a result of the new capacity.
Bangladesh sets solar import standards
Complaints about sub-standard, cheap PV imports from China – and notably, India – have been heeded by Dhaka, which has issued a requirement for modules, inverters, charge controllers and batteries to attain IEC electrical standards.
