Finance

Belgian solar glass maker files for insolvency

Ducatt had to start insolvency proceedings due to the insolvency of German solar module manufacturer SolarWorld. Around 50% of Ducatt’s revenue came from orders placed by SolarWorld, as reported by local media.

Engie acquires Sungevity’s European unit

The French energy giant made another move to expand its presence in the solar sector. Sungevity filed for Chapter 11 bankruptcy in the United States in mid-March.

India: solar tax will be 5%, minister confirms

In tweet sent yesterday, India revenue secretary Hasmukh Adhia said that all solar equipment will be subject to only 5% Goods and Services Tax, allaying fears cells and modules would be placed in 18% bracket.

Hanwha Q Cells returns to profit in Q1

The South Korean-headquartered solar company posts operating income of $28 million following loss of $21 million in Q4 2016. Revenue was steady, but shipment figures were once again left undisclosed.

Australia gets first P2P green loan marketplace

With the $20 million financial backing of the Clean Energy Finance Corporation (CEFC), local lender RateSetter has launched Australia’s first peer-to-peer green bond lending platform connecting investors and borrowers with an eye on environmental sustainability.

Steady Q1 for JA Solar as revenue, shipments increase slightly YOY

The Tier-1 Chinese solar company saw its profit slip both sequentially and year-over-year, however, as lower average selling prices continued to fall. Company will seek opportunities to streamline operations moving forward.

Financing agreed for Sweihan mega project in Abu Dhabi

Chinese module manufacturer JinkoSolar announced the completion of financial negotiations for the 1.17 GW solar project to be built in Abu Dhabi. The project will be financed with $870 million and is expected to begin commercial operation in April 2019.

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ARENA announces AUD $20m PV R&D funding round

In order to help reduce the future cost of solar PV, ARENA is set to launch its third competitive funding round for solar R&D.

Renewable energy employs 9.8m people globally – IRENA

Report by the International Renewable Energy Agency shows large increase in number of people employed in renewable energy sectors, led by solar PV, which accounts for 3.1 million jobs.

Siva Power secures investment for thin film facility

U.S thin film producer Siva Power has announced the completion of a $25 million investment round, which focuses on its solar module business, and continuing to build out its pilot line.