Finance

In an interview with pv magazine, Jules Kortenhorst, CEO of the U.S. based Rocky Mountain Institute speaks about the impact of stranded investments, the institute’s partnership with a blockchain start-up, and how the Energy Web Foundation can remain neutral.

The Norwegian headquartered polysilicon manufacturer saw its revenue and shipments increase significantly year-on-year. The global polysilicon market, the company stressed, is still dominated by long-term fixed sales contracts and high polysilicon inventory levels.

The joint venture between Enel Green Power (EGP) and F2i SGR currently owns and operates around 400 MW of solar PV assets across Italy.

The group’s solar business incurred an operating lost in the last fiscal year, due to a write-down related to a long-term purchase contract for the supply of polysilicon.

The Chinese solar PV project developer has posted positive earnings for both FY2017 and Q4, although it has not included its discontinued manufacturing operations in its latest financials. Overall, it has a project pipeline of 1.1 GW, big plans for Europe and a strategic investor interested in injecting US$31.6 million in its Chinese Holdco.

Wells Fargo plans to invest US$200 billion by 2030 in sustainability projects, including at least $100 billion in green bonds and clean energy technologies, including renewable energy, EVs and batteries.

British headquartered perovskite startup, Oxford PV has received an additional GBP 8.02 million (US$11.2 million) in funding from existing investors. The company states it will use the funds to continue its development of commercially viable perovskite-on-silicon tandem cells.

The Chinese authorities plan to use renewable energy technologies to provide all of the electricity that will be consumed in a new economic zone that is being developed near Beijing, according to local state media reports.

China’s GCL-Poly Energy Holdings has agreed to lend US$110 million to GNE Development, a wholly owned unit of the group.

Norway based project developer, Scatec Solar has posted consolidated revenue of NOK 289 million (US$37.1 milion) for the first quarter of 2018, and the company’s EBITDA increased to NOK 212 million ($27.1 million), over the previous quarter’s NOK 207 million. It attributes the improved financials to an increase in development and construction activity.