Finance

The Spanish developer is expected to increase capital between 38.5% and 40.7%. The price range has been set between €8.0 and €10.3 per share. The raised funds will be invested mainly in the execution of the contracted portfolio of projects totaling 510 MW, in the acquisition of 13 MW of operating assets in Spain and in the development of its additional portfolio of projects totaling 2.9 GW.

In its new strategic plan for the period 2019-2021, the Italian power utility announced it will invest an additional €10.6 billion in renewable energy projects. It aims to strenghten its position in the markets where it has an integrated presence such as Italy, Spain, Chile and Brazil.

The seventh round of funding under the Abu Dhabi Fund for Development program takes to US$350 million the amount pumped into clean energy as part of state-run energy transition strategies in the developing world.

Using a blockchain-based energy trading system, the company seeks to examine ways to bill customers in the best manner for them and prosumers. In light of the potential removal of export tariffs for small scale solar in the UK, the system could provide alternative remuneration for system owners. The trial will run for six months, with the possibility of extending it to two years.

The Norwegian oil producer has already partnered with Scatec on large-scale PV projects in Brazil and Argentina. The transaction cost $82.4 million.

The money will be used, among other things, to finance the construction of a 50 MW solar plant in Benguela province, in the west of the country.

The local transport provider wants generation facilities – almost certainly solar – across its 6,000 acres of land and roofs in the capital city, and hopes to break ground on the first sites within a year.

The Chinese-Canadian solar manufacturer shipped 1.59 GW of panels in the latest quarter. Despite a 15.8% turnover decline, operating result and net profit both grew significantly. Capacity expansion plans for 2019 are now said to be under review.

The Federal Ministry of Economics has published further details of possible battery cell production on a gigawatt scale. At the Networking Conference Electromobility 2018 in Berlin this week, Minister Peter Altmaier stressed the urgency of the project, for Germany and Europe to be independent of Asia and the US in storage technology.

India added 1.2 GW of large-scale projects in the third quarter of 2018-19, taking new capacity in the first half to 1.9 GW. The numbers are down 43% and 44%, respectively, on the same periods of the previous year, according to Bridge to India’s quarterly India Solar Compass.