Two more large-scale PV deals announced in Portugal
Switzerland-based Edisun Power has acquired a 49 MW solar project in northeastern Portugal which is expected to be completed in the second half of next year. Cubico has secured financing for three operational PV facilities with a 29.6 MW capacity in the south of the country.
ReneSola looks to Hungary and Poland
French-backed institutional investor Eiffel Energy Transition Group will finance almost 100 MW of new solar capacity in the central European nations after signing a deal with the Chinese developer.
Malaysian company plans 100 MW solar plant in Bangladesh
The joint venture with agro business Anand Group would see the project installed at the northern fringe of the nation’s grid network and would represent a sizable leap forward in a country where the largest PV scheme has a 20 MW capacity.
E.on’s acquisition of Innogy would create customer energy data monopoly, claims rival utility
The planned acquisition of RWE subsidiary Innogy’s sales and network business, would make E.on the largest electricity supplier to two-thirds of Germany with a 70% market share in its distribution network. That is the finding of analysis conducted by consulting firm LBD on behalf of rival power firm Lichtblick.
Chad announces 120 MW solar project
The plant is set to be built in two phases by UAE-based Amea Power, and will provide electricity to state-owned utility Société Nationale d’Électricité.
Solar rail and roads in the UK to get financial shot in the arm
The Department for Transport has announced funding for research projects which could help decarbonize Britain’s railways and generate power from roads and footpaths. Previously explored with limited success, it is hoped the research will push the frontiers of the field and give a fresh impetus to Britain’s ailing solar sector.
Tesla dives deeper into energy storage, as solar slumps
Elon Musk’s company is seeing tremendous success with its EVs and global manufacturing, as well as dramatically scaling its energy storage deployment. However the Solar Roof is still not being widely deployed.
LG solar business affected by panel price falls as Kyocera reports poor results for PV sales
South Korean manufacturer LG said import tariffs and panel price depreciation led to lower profit for its B2B division. Japanese electronics company Kyocera saw the revenue of its Life & Environment Group fall by 26%, year-on-year, in the first nine months of the current fiscal year.
Hanergy announces plan for 1 GW manufacturing facility in Saudi
The thin-film manufacturer this week signed an agreement with a clothing brand to develop a $1 billion solar thin film industrial park. No details have emerged yet as to how it will be funded or where exactly it will be based.
FIT cuts and lower revenue may cause more bankruptcies in Japan
A Teikoku Databank report says as many as 95 solar companies went bankrupt last year – seven more than in 2017. The company warns the negative trend that began in 2016 may escalate as FIT reductions for large-scale solar come into effect.
