The project developer trumpeted its return to the black in the second quarter and appears set to secure an $11 million cash injection from its main shareholder. It needs the cash to help settle a near-$29 million debt due for repayment in March.
Ethiopia has concluded the tender process for the first round of its Scaling Solar program. The winning bid is the lowest in the continent to date, according to the finance ministry.
The obligation will be applied annually from 2022. The clean electricity required will have to be bought through power purchase contracts of at least 10 years’ duration.
Credibility comes not just from offering products that generate clean electricity, but also from the way in which those products are manufactured, says SMA Solar Technology CEO Jürgen Reinert. Here, transparency and sustainability are key. That’s why one of the world’s largest PV inverter producers has partnered with pv magazine’s UP sustainability initiative. In the following Q&A, Reinert lays out what SMA is doing to step UP its green game.
Tennet needs more than €4.75 billion to invest in cross-border grid infrastructure between Germany and the Netherlands, as rising volumes of solar and wind are complicating network operations, said Dutch Finance Minister Wopke Hoekstra in a recent letter to the Dutch parliament, adding that the government may need to privatize the state-owned transmission system operator or sell off a stake in it.
The Australian Energy Market Operator constrained the output of several large-scale solar plants by 50% on Friday, in response to voltage fluctuations in a 220 kV network spanning the states of Victoria and New South Wales.
With India’s power minister hinting that a new renewable energy tariff policy could be in the works, the federal agency responsible for solar has started boasting about the volume of clean power it has in the pipeline.
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