Financing large scale renewables in emerging economies
pv magazine has taken part in a webinar examining the thorny issue of financing clean energy generation in developing markets.
GCL-Poly cross defaults over unpaid $500m senior notes
Creditors refused to postpone payment of the three-year notes for another 36-month term and now face receiving less than 5% of the amount due once a proposed debt restructure is completed, with the balance kept back until January 2024 regardless.
EIB finance for Burkina Faso solar plant
The European Investment Bank will lend more than half the cost of expanding the first solar project built by the West African nation’s electric utility, from 37 MW to 50 MW.
European Commission bids to ease planning of trans-border battery and hydrogen projects
The commission has proposed updating the law which regulates the bloc’s cross-border energy networks to include new energy storage technologies and smart grids as well as removing fossil fuel eligibility for public funding.
European Commission approves further €2.9bn battery research project
Companies from a dozen EU member states will commit the public funds in a bid to come up with novel battery chemistries and production methods as well as recycling and circular economy innovation.
GCL on verge of cross default over $500m senior notes
The polysilicon manufacturer yesterday extended the deadline for postponing settlement of the investments until Friday – with the notes set to expire on Saturday.
Chinese solar developers scramble to pay down debts
Shunfeng International is already overdue on debts of $381 million and a deadline for investors holding GCL-Poly senior notes worth $500 million to agree to postpone payment is due to expire today as the company prepares to vote on a $309 million, 430 MW solar project sell-off.
First Solar sells 10 GW solar pipeline for $261 million
The deal includes the Rabbitbrush, Madison, Oak Trail, Horizon, and Ridgely projects, which are expected to start construction in the United States in the next two years, and the 30 MW Barilla Solar project, which is operational.
How end-user subsidies can help achieve universal energy access
In a recent GOGLA discussion paper, 25 GOGLA members discussed the way forward on how end-user subsidies can be modeled to accelerate universal energy access in underserved markets.
The weekend read: The recent evolution of solar PV energy costs
Forecasts for the levelized cost of electricity (LCOE) of solar PV were hotly contested over the past decade, with one trend predominating: All but the most optimistic outlooks were wrong. pv magazine has gathered data to showcase the recent evolution of solar PV energy costs, and the results are stark. Within just a few years, initial projections become outdated, which means that forecasts of solar PV prices are more art than science.
