Finance

Germany installed 380 MW of solar in April

The rooftop segment maintained strong growth but utility scale PV saw a slowdown on previous months. In the first four months of 2020, newly deployed PV systems added up to 1,479.5 MW of generation capacity, compared with around 1.6 GW in the same period of last year. The nation’s cumulative PV capacity hit 50.46 GW at the end of April.

Chinese PV Industry Brief: Jinko’s new capacity and a 200 MW solar park

JinkoSolar has begun construction of a new 16 GW module production base in Yiwu city, Zhejiang province and Eging PV has resumed a 200 MW solar project in Qitai county in the Xinjiang Uygur Autonomous Region, after securing approval from local authorities. The China National Energy Administration has confirmed the nation can add no more than 48.45 GW of solar to the grid this year.

Solar could hold advantage in post-pandemic global energy sector

The International Energy Agency has acknowledged dramatic falls in energy investment caused by the Covid-19 crisis but said renewables, including PV, offered an attractive proposition to investors as the dust settled, given their enticing economics and short turnaround times.

Renesola warns of Covid-19 project disruption

The solar plant developer, which is now based in the States, was upbeat in its first-quarter figures but balance sheet borrowings remain a concern.

The weekend read: Sustainable finance – reassessing risk, purpose

The global Covid-19 crisis has had a tumultuous impact on the global economy. It has brought investment risk and purpose into sharp focus, while also bolstering sustainable finance. But what does it mean for solar? Felicia Jackson reports from London on the evolving investment landscape, with climate and social impacts becoming more prominent in financial decision making.

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Chinese PV Industry Brief: 4.3 GW of new cell capacity and a 1 GW solar park

Cell manufacturer Aiko Solar is raising funds to increase its production capacity with 4.3 GW of new lines while Datang Corporation has inked a deal for a 1 GW desert project.

GCL-Poly abandons $35m fundraising exercise

Today’s announcement indicates either the board or the listing committee of the Hong Kong exchange where the company is listed put a spanner in the works.

Canadian Solar sees turnover and profits surge

The Chinese-Canadian solar manufacturer reported a 41% year-over-year increase in total module shipments to 2.2 GW in the first quarter. Revenue grew by 70% to $826 million, while net profit improved significantly from $17.2 million to $110.6 million.

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Dutch grid operators won’t have to compensate for deactivated solar rooftops

Minister of economic affairs and climate change, Eric Wiebes, has written to parliament to confirm grid companies do not have to pay PV system owners when their installations are disconnected from the network due to capacity issues or poor-quality voltage.

Spain and Italy are European renewables investment hot spots, says CEO, and Mexico really should be too

pv magazine spoke to Mark Jones, chief executive of privately-owned clean energy investment company Susgen about where the newly-launched business is looking to spend the cash pile it has allocated for big, early-stage project pipelines.

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