BP returns to PV with $200 million investment in Lightsource
British Petroleum makes first move in PV since 2012 with acquisition of 43% stake in British renewables firm Lightsource.
Poland: RE support scheme approved, financing for 55 MW PV projects secured
A PLN 40 billion (around €9.4 billion) Polish support scheme for renewable energy has been approved by the European Commission. Meanwhile, Guernsey-based Sequoia Economic Infrastructure Income Fund has agreed to provide financing for ReneSola’s 55 plants in Poland, each with a capacity of 1 MW.
Macron climate summit draws big announcements, but they still fall short
A number of parties used the One Planet Summit in France yesterday to either reaffirm clean financing commitments, or unveil new ones. However, the figures still fall short of the US$6.3 trillion the OECD has calculated is needed annually.
Canadian Solar privatization offer prompts stock surge, possible industry trend
Solar stocks surged yesterday after Canadian Solar announced it had received a “going private” proposal, reports Zacks. Analysts at Guggenheim, meanwhile, say the offer will be given “serious consideration.” They believe other companies may follow suit, if accepted.
EBRD earmarks $22 million for 50 MW Jordan PV plant, $100 million for green bonds
The European Bank for Reconstruction and Development is providing a US$22 million shot in the arm for a 50 MW solar power plant in the Risha region developed by Saudi ACWA Power. The bank has also announced plans to invest up to $100 million to back development of the green bond markets, and pledged its support to city climate projects allocating over $500 million with an eye to scaling up green urban financing.
Canadian Solar next Chinese company to consider privatization
Canadian Solar Inc. has received a “going private” proposal from chairman, president and CEO, Dr. Shawn Qu, under which he offers US$18.47 per common share. The move follows that of Trina and JA Solar.
Fitch: Despite policy concerns, outlook stable for US renewables
The credit ratings agency says that despite moves by the Trump Administration, the increasing competitiveness and predictable output of renewable energy still makes it a good bet.
Phoenix Solar to file for insolvency in Germany
The construction contractor will start insolvency proceedings at the district court in Munich next week.
$265 million earmarked for 800 MW Moroccan solar project
The African Development Bank has committed US$265 million to the development of two solar power plants in Morocco with a total capacity of 800 MW.
JinkoSolar eyes tech progress as firm cements module leadership position for Q3
Tier-1 Chinese solar company trains sights on greater cost optimization and higher efficiencies with half-cell and bifacial technologies as it assesses capacity expansions for 2018 following a strong Q3 that saw the firm retain its shipment leadership position.
