Panda Green taps shareholder for $11m, 18-week loan at 13%
The debt-saddled PV project developer appears to again be piling up credit lines as it awaits the outcome next week of its latest, $231 million Chinese state-backed bail-out.
Next2Sun Mounting Systems begins crowdfunding
The German start-up provides mounting structures for bifacial solar modules as well as PV systems which can be installed as a fence to enclose pastures. Next2Sun Mounting Systems is offering 5% annual interest over five years.
Parent company of Algerian module maker Condor reported to have filed for insolvency
The electronics manufacturer has a 130 MW capacity module production facility.
Solar and wind generation outpaced coal in Europe last year
Renewables generated more electricity than coal in the EU for the first time ever in 2019, driving the sharpest reduction in the European power sector’s carbon emissions in three decades, according to a new report.
SMA reduced operating losses in 2019
The German inverter maker last year saw shipments and revenue rise by 35% and 20%, respectively. The company claims measures taken to reduce its cost structure are bearing fruit.
France sees minimal solar energy price fall after another under-subscribed commercial and industrial tender
The procurement round secured an average solar power price of €96.49/MWh from arrays with a generation capacity of 100-500 kW, a small fall from the €97.48 posted in the previous exercise. Only 150 MW of generation capacity was allocated in the 300 MW tender.
MIT researchers say PV innovations should be deployed in niche markets first
Solar module manufacturers should begin testing new technologies in higher-value niche markets, say scientists at the U.S. institution. For example, bringing perovskite technology directly to the mainstream market remains prohibitive in terms of initial investment but segments such as building-integrated PV or microelectronics devices may offer better routes to commercial maturity.
Total to buy 50% stake in Adani Group’s 2.1 GW solar portfolio
The French oil and gas giant—which is already a partner in Adani’s natural gas business—will now invest US$ 510 million to buy 50% stake in 2,148 MW operating solar plants owned by Adani Green Energy Limited.
ABB’s electrification business posts strong returns after inverter divestment
The Swiss-headquartered technology corporation is restructuring, stirring up the figures. That effect was amplified by acquisitions and sell-offs last year with ABB announcing in July it would hand over its inverter business to Italian company Fimer.
India commissioned 7,592 MW of new renewables in first nine months of the fiscal year
Capacity additions for the current fiscal year are set to exceed the previous accounting period’s 8,532 MW. With $5.69 billion invested in clean energy in the last fiscal year, spending in the first nine months of 2019-20 has been estimated at $5.16 billion.
