Fossil fuel financing on upward trajectory with trillions invested since 2015
While some lenders and financiers have signaled plans to stop funding polluting power stations, a new report shows that 33 global banks have poured $1.9 trillion into financing the fossil fuel industry as a whole since the adoption of the Paris Agreement. Big U.S. banks led by JPMorgan have invested most heavily.
IRENA, GGGI to jointly promote renewables
The International Renewable Energy Agency (IRENA) and the Global Green Growth Institute (GGGI) have agreed to collaborate on the promotion of renewable energy sources such as solar.
Meyer Burger, Oxford PV sign perovskite cooperation deal
Meyer Burger has struck a strategic partnership with Oxford PV to expedite the mass production of perovskite on silicon heterojunction (HJT) tandem cells.
$200 million fund seeks C&I and small scale utility solar projects
Stonepeak Infrastructure Partners has invested $200 million in a new distributed solar company — Madison Energy Investments — focused on ground-mount, rooftop and carport projects ranging from 500 kw to 20 MW.
Oxford PV raises $41m to commercialize perovskite tech
Just three months after revealing that it had achieved a 28% conversion efficiency with its perovskite-silicon tandem solar cells, Oxford PV has closed the initial portion of a Series D funding round aimed at bringing its core technologies to market.
Shunfeng forecasts $255m loss for 2018
Shunfeng International Clean Energy expects its annual losses to have widened to around $255 million last year, up from $125 million in the preceding 12-month period.
QMC licences quantum dot, thin film cell technology for Indian manufacture
Indian company Amtronics CC has paid Quantum Materials Corp an initial $500,000 as part of an agreement securing the right to manufacture quantum dots and thin-film quantum dot solar cells based on QMC technology for commercial supply in India. Construction has already started on a manufacturing facility in the state of Assam.
Debt-laden Panda Green sells 82.5 MW UK portfolio
The heavily-indebted solar developer has sold off six solar projects to a U.K.-Irish renewables investment fund for £34 million, ensuring it will be able to settle the most immediate of its reported $3.1 billion commitments.
ACWA triumphs again in Middle Eastern tendering exercise
With no details reported on the final electricity price agreed for a 500 MW solar project to be built in Oman, speculation will center on whether the victorious Saudi power company and its Kuwaiti partners have again trumped lower offers from overseas rivals.
Shareholders vote through Panda Green debt repayment plan
Stockholders agree to hefty dilution of their shareholding in order to raise funds to pay looming HK$1 billion debt, with state-owned entities including a designated buyout fund due to control up to a third of the new business.
