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 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.
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.
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.
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.
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.
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.
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.
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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