Italy’s next renewables auction may deliver even worse result
The poor outcome of Italy’s recent auctions for large scale solar suggests that the next tender will have similar results. pv magazine has spoken with two major experts from the Italian PV sector who claim that a change of pace is required, hinging on a streamlined authorization process, more competition and a focus on agricultural land.
GCL-Poly dilutes holding in developer business to raise funds
The poly maker yesterday secured approval from unpaid creditors to restructure the company’s debts and will commit the anticipated $115 million windfall from its shares placement towards its financial commitments.
Indian developer signs PPAs for 13.2 MW of solar
Gujarat-based solar developer KPI Global has signed power supply agreements with nine different industrial customers for 13.15 MW of PV capacity.
Masdar reaches first close on 1.6 GW solar, wind portfolio in US
Abu Dhabi-based Masdar says that the United States offers “considerable scope for further growth.”
Novel algorithm for integrating solar, wind, hydrogen
A new, nature-inspired algorithm has been applied by scientists in Egypt and Saudi Arabia to optimize the production of green hydrogen via solar and wind power generation. The proposed energy system consists of PV and wind power generation, a water electrolyzer, a tank of hydrogen gas, a fuel cell, and an inverter that brings the generated electricity to final consumers.
New model to predict PV module cleaning cycles and resulting profits
A group of scientists in Bangladesh has developed a model to determine the optimal cleaning schedule for a PV installation at any location in the globe, requiring only the average insolation and soiling rate for a given site to make the calculation. The study also draws new conclusions regarding the influence of sandstorms and rain on soiling, and aims to be among the first studies to paint a global picture of soiling trends by region.
GCL-Poly shareholders sign up to debt restructuring plan
The holders of $500 million of unpaid senior notes which matured last month have agreed to receive 5% of the money now, plus a share of a $17.8 million fund, with the balance to be paid out in three years’ time.
Enercoop signs more solar PPAs in France
French renewables specialist Enercoop has secured an annual solar power supply of 25 GWh over a 30-year period through three new deals.
Baotou City set for 10 GW of renewables
The tide of clean energy facilities planned under the city’s next five-year strategy was revealed by Hong Kong-listed polysilicon maker Xinte Energy, which has signed a framework agreement to construct 200,000 tons of manufacturing capacity near Inner Mongolia’s largest city.
More green hydrogen for Port of Rotterdam
The Port of Rotterdam is set to host a 100 MW electrolyzer from 2025, with a feasibility study expected this summer. The project will produce green hydrogen and will eventually be expanded to 500 MW.
