Installations

Solargiga Energy Holdings has posted a net loss of CNY 222.4 million ($33.08 million) for 2018, a sharp reversal from the CNY 107.5 million net profit it recorded in the preceding 12-month period.

Shapoorji Pallonji Infrastructure Capital (SP Infra) has sold 194 MW of operational solar capacity to Sprng Energy, as a follow-up to its plan to divest part of its portfolio to redeploy capital for new PV projects.

The Tunisian government awarded contracts for six 10 MW solar projects in the country’s second solar tender. The tender process was launched last August.

North Macedonia’s state-owned electric utility, ELEM, is tendering a 10 MW project which is being partly financed by the European Bank for Reconstruction and Development. The facility will be adjacent to Macedonia’s second thermal power plant, which produces around 10% of the country’s electricity.

With solar panels already installed on dozens of its buildings, the city of Sydney has upped the ante by vowing to source 100% of its electricity needs from solar PV and wind. The commitment was endorsed by city council last week, with a new 100% renewable electricity contract to be negotiated in the coming months.

The acquired company owns more than 1 GW of solar capacity, including operational large-scale plants and projects still under development. The financial terms of the deal remain undisclosed.

A recent Australian National University study shows that newly developed geographic information system algorithms can identify prospective sites for off-river pumped hydro projects throughout the world. The researchers, who identified around 530,000 potential sites, said pumped-hydro installations could enable large-scale energy time-shifting, as well as a range of ancillary services such as frequency regulation, which could help to integrate high levels of PV and wind into electricity systems.

Gridserve has revealed plans to install more than 100 electric-vehicle charging stations throughout the U.K. It will start building the first of these facilities later this year, backed by a £1 billion ($1.7 billion) investment.

Chinese polysilicon giant GCL-Poly Energy today posted its financial results for the full year 2018. The company saw a loss of RMB 458.4 million ($68.3 million), which it attributes primarily to China’s 31/5 policy.