RWE abandons plans for 1.1 GW lignite-fired power station in Germany
The utility claims that current market conditions are not ideal for the project, which has been under consideration since 2012. The power station was meant to replace existing lignite capacity, and according to RWE, it would have been more efficient. The company says that it will refrain from making further investments in coal capacity while increasing its focus on renewable energy and storage.
Engie to sell 2.3 GW of coal power assets
The French energy company has decided to sell its coal-fired power plants in Germany and the Netherlands to U.S.-based private equity firm Riverstone.
Scatec Solar continues to post positive results in Q1
Scatec Solar continued to grow in the first quarter of the year, with a global pipeline of 4 GW and more capacity under construction than in operation. The company expanded slightly less than it did in the preceding quarter, but EBITDA and revenue still grew threefold year on year.
EBRD, Green Climate Fund to help finance 30 MW in Kazakhstan
The international financial institution and the South Korea-based fund have agreed to jointly lend $16.7 million to Chinese developer Universal Energy to build a 30 MWp solar project in the eastern part of the Central Asian country.
Wacker blames low poly prices for Q1 profit slump
Lower prices for polysilicon, combined with higher energy costs, pushed Wacker Chemie’s operating result for the first quarter of 2019 more than expected. However, the German company remains committed to its original annual forecast for 2019.
Kyocera reports decline in solar sales for 2019
The drop in sales of solar energy products was mainly responsible for a 28% year-on-year turnover drop of the Life&Environment Group division, which includes the Japanese company’s activities within solar.
Tesla’s solar business shrinks as Musk focuses on Model 3
The EV, energy storage and solar company deployed only 47 MW of solar during Q1, as Tesla moves away from traditional sales methods towards web-based sales for its products.
Axpo wants to buy French PV developer Urbasolar
The Swiss energy company said it was chosen by Urbasolar’s owners as the preferred buyer among a list of high-ranking bidders.
Chile may change payment scheme for small solar parks
The government is planning to replace the price offered to PV projects that have a capacity of 3-9 MW with hourly tariffs. Solar association Acesol agrees with some of the suggestions but rejects the proposed tariff change. The current system has been the main market driver for Chilean PV for the last two years.
Ailing Singyes forced to delay annual report again
Loan defaults have brought business at the solar goods maker and EPC to a halt and a lack of progress reports on its formerly lucrative project contracts means there is no immediate prospect of seeing the company’s 2018 figures.
