Markets & Policy

Shell to acquire 44% stake in US solar developer Silicon Ranch

The pioneering US solar developer will now be backed by Europe’s largest oil and gas company.

Coronal Energy closes on $235 million in financing for Florida solar

Panasonic’s development subsidiary has closed on a combination of tax equity and debt to provide financing for 120 MW-AC of solar plants that came online last August.

IRENA and ADFD to fund $25m PV projects in Mauritius and Rwanda

The International Renewable Energy Agency (IRENA) and the Abu Dhabi Fund for Development (ADFD) have announced that two solar PV projects – one located in Mauritius and the other in Rwanda – will be receiving $25 million in concessional loans from ADFD, one in Mauritius and one in Rwanda.

The emerging Middle Eastern PV module industry – interview

In an interview with pv magazine, the Business Planning and Strategy Manager of Jordan-based consultant, Sina Industrial Projects Co, Ali Suleiman provides an extensive overview on the emerging Middle Eastern PV panel manufacturing industry. How much more this industry will be able to grow, however, remains unclear. It is also difficult to predict if big players will emerge on the Middle Eastern solar energy landscape.

ACWA Power to adopt SolarCoin

The Saudi energy company said it will be the world’s first utility-scale generator joining the SolarCoin ecosystem, and that it will be “rewarded for helping build a more sustainable future.”

8th IRENA Assembly: Utility scale solar LCOE falls 73% since 2010

All forms of renewable energy will be cost competitive with traditional generation sources by 2020. This was one of the key findings in the latest report from the International Renewable Energy Agency (IRENA). It was delivered yesterday at IRENA’s 8th annual Assembly in Abu Dhabi.

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Germany: Potential grand coalition partners, CDU/CSU and SPD want auctions for 4 GW of solar, wind

Negotiators of the three German parties have agreed on a common preliminary paper. They also agreed on additional tenders for large-scale solar and wind power projects, with a volume of 4 GW in the years 2019 and 2020.

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Taiwan’s Motech secures $162.2 million in financing

The Taiwanese cell producer said it will use the funds to repay existing loans and finance operations.

Canadian Solar lowers Q4 revenue guidance due to delayed project sale

The Chinese Tier 1 solar company had hoped to finalize the sale of six PV power projects in the fourth quarter of last year, but delays to necessary government approvals mean Q4 revenue is lively to be around $700 million lower than expected.

India: SECI postpones 2 GW tender, extends manufacturing deadline

The Solar Energy Corporation of India (SECI) has postponed the 2 GW PV project tender until further notice. The company has also extended the deadline for expressions of interest for setting up solar manufacturing plants in India until January 29.