Finance

A new handbook published by the World Bank and Solar Research Institute of Singapore contains advice on how to plan and build floating PV. The guide is intended to help developers with site identification; feasibility studies; finance; environmental and social issues; procurement and construction; and operations and maintenance.

A project on Isabela Island in Ecuador’s Galapagos archipelago has given its 3,500 inhabitants energy generated by local resources, including plant oil produced on the continent. Preferable to a logistically challenging and hyper expensive extension of the mainland grid, if the $13 million island system were installed today, it would be cheaper than when it was contracted four years ago.

A 20 MW solar park is planned near a Stockholm highway to generate power for a tenants association. The project is expected to generate cheaper power than grid electricity and will also trade clean energy certificates on the Swedish-Norwegian market.

Amid high hopes for the European Commission presidency that is about to start, attendees at a recent event in Berlin tempered optimism by renewing calls for an industrial policy for the bloc.

WEnergy was celebrating the commissioning of its solar-diesel-storage off-grid network on the island of Palawan. Four more networks could come online within two years, said the developer, as part of a planned 15 microgrids in the nation.

The European Bank for Reconstruction and Development is lending €250 million for a project which has expanded from producing an initial 100,000 EV batteries per year to an hoped-for 1 million by 2022, creating 1,000 new jobs along the way.

The third-quarter results for the inverter maker are in and look promising. All performance indicators are up for the steadily growing company.

The Finnish solar manufacturer must raise €3.5 million from a convertible bond issued on Monday and which closes on December 18. Generate the cash and production is expected to start at the Solitek facility in Vilnius early next year. Fail, and (almost) all bets are off.

The Asian Development Bank has signed off a grant for the South Pacific island nation to move on its plans to be 100% renewable by 2025.

The French energy company is preparing a fund to develop clean energy in Australia over the next ten years. The move comes despite a federal energy policy vacuum that industry insiders fear is deterring investment.