Finance

Panda Green update: shareholder China Merchants shaken down for $260m

The debt-saddled developer has turned to another of its state-owned backers to dig it out of a hole as it scrambles to raise $242 million in eight days.

Solar is gaining traction in MENA region – but plenty of obstacles remain

Solar deployment continued to pick up in the Middle East and North Africa in 2019, the Middle East Solar Industry Association has said in its annual report.

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Germany’s special PV tender concludes with average price of €0.0568/kWh

Tariffs ranged from €0.0470 to €0.0620 as the solar power price rose from the last national procurement round, which settled at €0.0459-0.0520 in October for an average €0.0490/kWh. Some 501 MW of generation capacity was allocated in the latest exercise.

Panda Green showcases its full portfolio

The embattled developer today published what appears to be a sales pitch as it seeks urgent investors ahead of an eight-day debt deadline.

Solargiga hits 10% revenue rise – on back of 48% more shipments

The Chinese manufacturer had to ship a lot more ingots, wafers, cells and modules to secure a modest rise in returns, according to its unaudited 2019 figures.

Singulus scores €50m CIGS production kit order from unit of China’s CNBM

The German PV equipment provider has agreed to supply manufacturing equipment for CIGS thin-film solar panels to the CNBM Bengbu Design and Research Institute for Glass Industry, a subsidiary of cement producer China National Building Material.

State-owned entity delays Panda Green bail-out in wake of debt restructure setback

Panda Green today said delays acquiring the necessary approvals were responsible for holding up its critical HK$1.79 billion lifeline but the deadline for completion had originally been put back to coincide with publication of the results of a debt restructuring proposal which ultimately tempted less than a third of note holders.

‘Renewables must grow four times faster to ensure sustainable future’

The share of renewables in the global energy mix must more than double by 2030 for the world to advance the energy transition and achieve sustainable development goals, according to the International Renewable Energy Agency. Renewable electricity should supply 57% of global power by the end of the decade, up from 26% today.

Abu Dhabi fund approves $105m for clean energy projects

The Abu Dhabi Fund for Development will support half a dozen megawatt scale projects featuring solar in the Caribbean and Africa. In addition to around 42.5 MW of new solar capacity, the fund will also back the development of energy storage, waste-to-energy and biogas facilities.

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SolarPower Europe repeats call for solar strategy as part of European Commission’s €1tn Green Deal

Lobby group CEO Walburga Hemetsberger says the plans announced by commission president Ursula von der Leyen this week should place the European solar industry front and center.

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