Finance

With the acquisition by Golden Square Capital, the Germany-based PV company can finalize the plans to improve its financial status. Providing a two-digit million figure, the investor ensures that product and business development units can improve their activity in the future. Yet, cutting jobs in Germany is inevitable.

GE has finished installing 50 units of its 1.26 MW Brilliance inverters at a 96.2 MW (DC) solar project in southwestern Japan’s Miyazaki prefecture.

Eon has now secured funding required the acquisition of RWE’s renewable energy subsidiary innogy, a move that was announced in March. German regulators, and the companies’ respective boards, have not yet give the green light for the acquisition.

Canada’s pension fund is the world’s first to establish a Green Bond. The growing acceptance for renewable energy assets from sovereign wealth funds indicates a solid and healthy business climate for renewable energy, and could have positive effects for the industry in the future.

Subsidy-free solar PV plants have generated buzz in the UK, with some plants commissioned and others planned to be developed outside of any public remuneration scheme. pv magazine explores whether the UK solar industry is ready to embrace the trend in bulk soon.

The company was adamant that it will not exit the Indian PV market, after rumors last October suggested that the company will sell its PV assets in India. Now, the company reiterates its commitment and stresses that additional funding will be used to develop new assets.

Shanghai Electric values the GCL polysilicon unit, Jiangsu Zhongneng, at around 25 billion CNY ($3.9 billion). Trading of shares of both companies was suspended today, pending the official announcement of the transaction.

The French energy giant has consolidated its new clean energy focus through the acquisition. The Langa group is expected to have operational PV assets of 165 MW in France by the end of the year.

Renewable energy has made great strides in electricity generation but the integration of renewables in the heating, cooling and transport sectors is still in its infancy. With those sectors making up around two thirds of global energy demand, there is still enormous potential to harness PV and other technologies.

The French Environment & Energy Management Agency (ADEME) will allocate €100 million next year to support the nation’s hydrogen industry. The French government believes hydrogen – for storage of renewable power – can become a pillar of its energy transition.