Finance

Having warned of in-house solar wafer and cell capacity as recently as the third quarter of 2021, the company has announced it will be adding even more production lines this year.

The Zina solar field, which is being developed by Amea Power, is being financed by the World Bank’s private sector arm and will be constructed in Mouhoun province.

With an estimated 500 TWh of renewable electricity needed to produce the 10 million tons per year of clean hydrogen wanted by the European Union by 2030, the recent promise to ramp up European electrolyzer production capacity could give a boost to solar developers grappling with sluggish permitting regimes.

SolarEdge has reported record revenue in its latest three-month update and expects to have even more business in the second quarter, even if gross margin and profit has declined.

Enphase expects the volume of business generated to rise again for the April-June period, accompanied by another bump in battery shipments.

The financial risk of investing in photovoltaic systems is increasing. This is because the yield forecasts on which profitability audits are based are increasingly too optimistic. One reason for this could be the handling of so-called PAN files, reports pv magazine Deutschland’s Marian Willuhn.

It should come as no surprise that clean energy spending is a big chunk of Warsaw’s four-year EU grant and loans package, given that the nation’s grid-connected solar capacity rose from 3.99 GW at the end of 2020 to 6.3 GW four months ago, according to the International Renewable Energy Agency.

The Canadian provincial government’s Green Economy Plan, launched in November 2020, envisages a 37.5% reduction in greenhouse gas emissions en route to net zero by mid century.

The London-based international lender has provided finance for the “up to 286 MW” project alongside Poland’s two biggest retail banks.

Redavia, which leases plug-and-play solar systems to commercial clients in Africa, secured the fresh credit line after settling a previous $2 million loan supplied by the EDFI ElectriFI European development finance institution.