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Finance

Seychelles firms up 4 MW floating PV project

The installation will be Africa’s first privately financed, utility scale floating solar installation. A group of pre qualified bidders inspected the site and are expected to submit full technical and financial documentation by September.

REC Silicon suspension will hinge on G20 meeting between Trump and Jinping

The Norwegian manufacturer has delayed full shutdown of its U.S. polysilicon operation until mid July as President Trump and his Chinese counterpart are scheduled to hold talks in Osaka in two weeks’ time.

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Northvolt secures $1bn for battery gigafactory in Sweden

Initially, the company will construct a 16 GWh factory plus a joint venture fab with Volkswagen in Germany, which will also have a throughput of 16 GWh. Both factories could be extended to tap further into the large market for battery cells in Europe.

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Norwegian wafer maker and US mounting system supplier join the solar gold rush

It is not just the big beasts of Chinese solar that are investing in aggressive expansion as high-efficiency wafer maker NorSun and tracker supplier GameChange Solar make big announcements. The New York company, however, may fall foul of President Trump’s America First trade mantra by opening production lines in the Far East.

REC Silicon scraps shares placement because stock is cheaper in open trading

Stock in the polysilicon manufacturer appeared to be recovering in early trading on the Oslo exchange this morning after it cancelled plans for a private placement of as many as 50 million shares.

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Solar could bring 200,000 jobs to the UK by 2030 – but only with government backing

As the solar industry digests yesterday’s announcement by Theresa May of a net zero carbon ambition by 2050, developer Solarcentury says Downing Street is hugely underestimating the role PV can play in achieving that milestone.

Bifacial beats Trump’s tariffs

Federal trade authorities have ruled that bifacial solar modules are no longer subject to the Section 201 ruling, which currently apply a 25% tariff to most solar modules imported to the United States.

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PV industry calls for clarity on UK government’s 2050 emissions target

Representatives of the UK solar industry have praised prime minister Theresa May’s plan to amend the 2008 Climate Change Act with a 2050 net zero emissions target while urging the government to articulate how it will achieve its goal. In particular, the industry has pointed to the need to eliminate barriers that continue to hinder deployment of solar and battery storage systems.

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‘PPA deals signed under the opening three rounds of the REIPPPP must be renegotiated’

A representative of South Africa’s energy regulator said deals signed between 2011 and 2013 must be subject to lower tariffs to ease the financial crisis at national utility Eskom. The suggestion failed to convince delegates at an Africa Energy Forum panel discussion in Lisbon, however.

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Enerray enters insolvency proceedings

Italian industrial group Maccaferri, the parent company of the insolvent EPC contractor, has also filed for insolvency for another three units of its energy business.

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