Yingli backs down in $9.5m unsettled notes case
The struggling Chinese manufacturer has withdrawn its appeal against a Chinese court decision it must repay medium term notes it failed to honor in 2015 and 2016. Yingli is struggling to stay afloat after a series of disastrous financial updates.
Subsidy windfall helps GCL Poly eat into debt mountain
The Chinese manufacturer – which is gambling on a big rebound in global appetite for the raw material for PV panels materializing soon – will devote all of its $143m solar subsidy income to paying off a daunting amount of borrowing.
The reasons India’s 10 GW solar tender will not attract big developers
Big players such as Acme, ReNew, Adani, Azure, Hero Future and Aditya Birla Solar are likely to stay away from procurement which requires 3 GW annual manufacturing commitment, says industry insider Gopal Lal Somani.
Fears UK autumn budget could see a coal renaissance
Analysts have released a report which examines multiple carbon pricing scenarios, and their effect on UK power bills, renewables and the carbon budget. The UK’s Carbon Price Support could be lowered in the autumn budget next week, putting the nation further off course on its carbon budget. A high CPS would foster renewables, without driving electricity bills up.
Hanergy Thin Film to return to China listing ahead of results of inquiry
The Hong Kong-based thin film manufacturer’s parent company may not be able to deliver mammoth panel orders on time, but looks set to arrange a HK$5/share deal to take the troublesome unit back in house and list it on the A-share index, in a move which will come as a relief to shareholders stuck with its stock since May 2015.
Bill Gates to establish €100 million clean energy fund with EU
If plans are realized, the private-public investment vehicle will start investing in companies with green-tech innovations. The fund would be used to pursue technologies which could help the decarbonization of the economy but which have not received enough attention.
Motech sells factory in Tainan
The transaction is expected to provide the Taiwanese cell maker with around $31.7 million. The buyer is Wistron NeWeb Corporation, a Taiwanese manufacturer of wireless communication products.
Revenue and EBIT increase for Singulus in Q3
Singulus saw improvements to both its sales and profit in the third quarter, and confirms it is on track to meet its forecast figures for the full year.
Belgium’s Flemish government makes first investment in floating PV
The Floating PV NV company has secured €2m for a floating solar plant on a site owned by Belgian raw material provider Sibelco. The funding is part of a €6m plan to support floating PV in Flanders.
Scatec Solar reports higher revenue, lower profits
The Norwegian developer had 357 MW of PV projects in operation and 1,057 MW under construction at the end of the third quarter of this year.
