Saudi’s Alfanar to fund 100 MW solar project in Bangladesh
The infrastructure company will provide $100 million to develop the plant in the country’s Feni district, which is a draw for solar developers because of designated economic zones being planned there.
GCL-Poly backing grid AI application with new joint venture
The Chinese polysilicon heavyweight has joined forces with Japanese industrial and energy conglomerate Mitsui & Co and software company eVolution Networks, and promises to deliver a solution that will beef up the grid.
The hurdles in the way of Spain’s rich solar promise
On Thursday, PV conference organizer Solarplaza and Spanish solar association UNEF will host the Solar Market Parity conference in Madrid. pv magazine’s Pilar Sánchez Molina will participate in the Vision of the future: Spain in 2030 panel.
EkoRE breaks ground on 1 GW vertically integrated module factory in Turkey
The facility is in the Bor organized industrial zone of Niğde, in central Anatolia. The factory was backed by incentives provided by the country’s Ministry of Energy and Natural Resources.
EU wants to know more about Eon’s bid to acquire Innogy
According to the Brussels authorities, the transaction could affect competition in the electricity and gas sectors. EU competition commissioner Margrethe Vestager wants to ensure there are no price increases as a result of the proposed takeover.
Xinyi Solar shares issue to raise cash for production expansion and PV project development
Almost 5% of the Chinese solar glass manufacturer’s stock will be issued in a bid to generate $167 million towards the cost of two fabs planned in Guangxi next year. Xinyi also wants to expand its successful project development business.
Tesla borrows $520m from Chinese state-owned lenders for Shanghai Gigafactory
The electric carmaker has signed 12-month credit agreements with three of China’s ‘Big Four’ lenders as well as the development bank for Shanghai as it aims to get its lower-priced Model 3s rolling off the production line by the end of the year.
World Bank provides $185m for 310 MW of renewable capacity in Bangladesh
Multilateral lender hopes to leverage $212 million more from the private sector as falling solar development costs make renewables more attractive. A solar plant with a 50 MW capacity in Feni will be one of the first to benefit from the new funds.
SolarPower Europe’s industrial strategy is almost ready
At the Solar Power Summit in Brussels today, the industry group said it is preparing to launch a supply-side oriented industrial policy for the PV sector in Europe. The manufacturing sector on the continent has been hard hit since 2012, and has been buffeted by a range of unfavorable policy decisions.
Gujarat’s 1 GW solar tender fails to attract bidder
Developers turned their back on a procurement exercise linked to projects at the Dholera Solar Park, after insisting the challenging terrain meant the electricity price ceiling stipulated by the state would make projects unviable.
