EU solar manufacturers must show willing on circular approach to secure funding
An extensive European Commission regulation has set the bar on those economic activities deemed to help in the war against global heating and, by implication, those which may hinder the effort.
Floating solar could benefit from EU offshore renewables strategy
A clean energy plan drawn up by the European Commission includes details of the various funding pots available to help ocean-based renewables hit 340 GW of generation capacity by mid century.
China set to acquire 820 MW of solar project capacity
The latest, seven-project, 217 MW, $150 million project sell-off announced by the development business of polysilicon producer GCL-Poly means a lot will be at stake in the vote by its shareholders at an extraordinary general meeting in the new year.
GCL to generate $304m with 430 MW Chinese project sale
The debt-saddled GCL New Energy solar project business of the polysilicon manufacturer is aiming to sell off solar farms to transform into an ‘asset light’ operation.
Canadian Solar flags up polysilicon, glass and EVA shortages
The solar manufacturer’s impressive third-quarter gross margin is set to fall back in the current three-month window because global shortages have seen some material costs double since the world came out of Covid-19 shock.
Green projects eligible as EU throws another €40bn at Covid recovery
Italy is in line for €11.4 billion if member states sign off an emergency funding package which will distribute funds based on the GDP and unemployment figures of their economies in June, July and August.
The Square Mile goes where Boris Johnson fears to tread
The City of London Corporation signed a £40m solar power purchase agreement on the same day the prime minister outlined a net-zero strategy which failed to even mention solar.
EU pumps another €82m into African renewables
A €62m Italo-French program will reduce risk for project developers and a €20m Spanish scheme will fund off-grid installations in sub-Saharan Africa.
UK utility unveils £50m flexibility tender
Hong Kong-owned UK Power Networks is aiming to commission 250 MW of grid flexibility from energy storage assets with capacities as small as 10 kW, on contracts ranging in length from six months to seven years.
African utilities wary of threat from renewables
The rise of clean energy and prosumers, net metering and greenhouse gas regulation all figure among the bogeymen as far as national electric companies are concerned.
