Finance

$758 million financing for the first PV-CSP plant in Latin America

Chilean company Cerro Dominador have announced the signing of a $758 million deal to finance the first combined concentrated solar power-PV project in Latin America – a 210 MW scheme in the Atacama desert

US: Rush to gas risks hundreds of billions in stranded assets

A new report by Rocky Mountain Institute finds that gas plants proposed across the United States over the next 15 years could be replaced by clean energy portfolios at a net savings, and that these projects are at risk of becoming stranded assets.

Court orders Yingli to repay $10.6 million in medium term notes

A court in China has ruled that Baoding Tianwei Yingli New Energy Company Limited must pay back RMB 65.7 million in medium term notes, due from 2015 and 2016. The Yingli Green Energy Holding Company Limited subsidiary plans to appeal the decision.

Crowd investment kicking off PV, storage system market in developing countries

Autarsys reports the roll-out of two off-grid battery systems in Madagascar. Thanks to crowd investment, its order books are full. Streamlining the process of investment, the Germany-based start-up will cooperate with crowd investment platforms, Greenvesting and Ecoligo.

Canadian Solar sees revenue more than double in Q1, reports slightly increasing ASPs

The Chinese-Canadian module manufacturer saw its quarterly revenue exceed its forecast, while posting a net profit of $43.8 million. Meanwhile, its portfolio of solar projects in development has reached 2.3 GW.

Neo Solar Power increases turnover, reduces losses

On the last stretch to the merger between NSP, Gintech and Solartech, the company still posted losses due to “operational challenges” and solar trade disputes.

Singulus reports fall in sales and profit

German PV equipment supplier Singulus Technologies has reported a fall in both sales and profit year on year for the first quarter of 2018. The company, however, points out that its order books are full.

Wales to introduce energy efficiency loan benefit, applicable to residential PV installations

Welsh home buyers intending to install a roof-top PV array are set to benefit from a rejigging of loan conditions for energy efficiency dwellings.

Hanwha Q Cells improves profitability, but revises down 2018 shipment guidance

The solar module manufacturer reports that Europe will likely replace the United States as its number one market, due to the recent introduction of the duties introduced by the Trump administration. Although quarterly revenue grew by around 2.5% year-on year, and net profit almost doubled from $17.6 million to $31 million, the outlook for 2018 shipments has been lowered by 400 MW to 5.6 GW to 5.8 GW.

Photon: Insolvency proceedings underway on publisher’s assets

Insolvency proceedings have been opened on the assets of Photon Production GmbH, which was recently renamed RE Production GmbH. The proceedings were opened upon request of a creditor.

1