Finance

China’s Skycorp Solar Group will issue 12 million Class B shares to buy a 24% stake in Nanjing Cesun Power and proceed with a planned share consolidation pending board approval.

In a new perspective paper, researchers from Dresden University of Technology and Denmark’s InfinityPV analyzed scientific research and more than 100 companies involved in organic PV and perovskite solar cell manufacturing. Their findings show that the commercialization of these technologies depends on the PV industry’s ability to increase financial transparency.

Growing price volatility and the rise of negative pricing across power markets are pushing lenders and developers to rethink risk and revenue structures, focusing on asset flexibility and sustainable business models for storage, including co-location.

For its 2026 budget, the Irish government will allocate a record €558 million ($648.1 million) for home and community energy upgrade grants, including the popular microgeneration scheme for residential PV, and extend the €400 income tax exemption for microgeneration profits until 2028 to help lower energy bills.

Mauritania has signed its first independent power producer contract, covering a 60 MW solar-wind hybrid project. Niger has entered into a financing agreement with the African Development Bank that plans to develop 240 MW of solar power by the end of the decade.

As part of a dual-listing strategy, the Chinese manufacturer has officially filed its application for an initial public offering on the main board of the Hong Kong Stock Exchange, aiming to fuel its global expansion.

Freight costs, which contribute towards the total cost of a solar installation, have fallen week-on-week on trade lines out of the Far East, helping to offset a price surge in the US-bound short-term market recorded at the start of September.

The Asian Infrastructure Investment Bank (AIIB) and Industrial Development Bank of Turkey (TSKB) have each contributed $32.5 million toward a senior debt financing package for a 100 MW solar project in southern Turkey.

The two parties have signed a joint investment framework agreement to develop, construct and operate 1.5 GW worth of solar-plus-storage projects in Malaysia over the next three to five years.

The projects, equivalent to 1.88 GW of electrolyzer capacity, were withdrawn after choosing not to continue with the agreement procedure or for being unable to provide a signed completion guarantee. As a result, ten hydrogen projects representing 774 MW in capacity from the reserve list have been invited to prepare grant agreements.