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Finance

Off-grid solar in Africa gets $224 million World Bank lift

The funds will be used for electrification projects in West Africa and the Sahel to bring electricity to 1.7 million people.

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The prospects for solar after the Indian elections

Narendra Modi’s BJP party is seeking re-election with the aim of ensuring the electrification of all railways by 2022 and turning renewable energy into a popular movement with steps including an emphasis on solar farming. Even if the elections spring a surprise, however, the renewable momentum is unlikely to slow as no government can afford to roll back the clean power tide.

Global renewables R&D will further drive down energy transition cost

The Netherlands’ Organisation for Applied Scientific Research says renewables would not only contribute to a cheaper energy system but would also create more opportunities for new business, exports and jobs – as well as a cleaner environment.

Australians across all parties support EV policy and expect to buy electric cars

Coming hot on the heels of major reports and a heated public debate about electric vehicles, a poll commissioned by the Climate Council has confirmed Australians believe electric cars are the future. Another poll, by The Australia Institute, has 50% of Australian voters supporting all car sales being electric by 2025.

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Agro PV raised efficiency of land by shielding crops from harsh sunlight

Germany’s Fraunhofer Institute for Solar Energy Systems has demonstrated combining solar generation with agricultural activity is now not only viable at lower costs, but may be particularly suitable for arid regions.

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UK researchers warn of potentially rising silver costs

A study has highlighted that the two growth phases of solar panel manufacturing – after the 2008 global downturn and again after 2011 – coincided with higher prices for the precious metal.

“There is no such thing as a zero or near-zero-emission nuclear power plant”

Stanford professor Mark Z Jacobson has said new nuclear plants may cost up to 7.4 times more than wind and solar facilities, with construction times longer by up to 15 years. Such a delay, he said, may see an huge amount of extra carbon emissions from fossil fuel power sources. His verdict comes as China this month set new guaranteed tariffs for nuclear power.

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GCL Poly secures more public backing with second investment fund deal

The polysilicon manufacturer will be one of the partners in a fund for the city of Leshan which appears to be planned chiefly to upgrade the poly production facilities of one of the company’s subsidiaries.

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Moixa to build virtual power plant as first phase of UK smart energy project

The storage supplier will set up a mixed-asset virtual power plant that will initially aggregate up to 2 MW of capacity as the first phase of a planned smart local energy system in southern England. Moixa aims to eventually scale the VPP up to 17 MW.

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Longi plans two new production lines in China’s PV heartland

The solar manufacturer has revealed plans to invest around $875 million in production capacity for monocrystalline ingots, wafers and cells – and expects to raise a chunk of the cost with a shares issue this week.

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