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Finance

Canadian Solar plans to ramp up production capacity

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.

Burkina Faso set for 27 MW solar project

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.

Latest EU electrolyzer pledge could speed up solar permitting

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.

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SolarEdge expects to break more records in Q1

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.

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Enphase predicts another revenue landmark this quarter

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

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The weekend read: The financial risk of investing in PV systems and the ‘Peter PAN’ files

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.

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Poland prioritizes renewables in pandemic-recovery plans

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.

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Quebec publishes draft documents for 1.3 GW tender

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.

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EBRD stumps up €46m for ‘Poland’s biggest solar park’

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

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German solar supplier lands fresh $3m from EU entity

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.

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