Elon Musk scraps plan to take Tesla private
The company’s shares have returned to a level slightly above where they were prior to the August 7 announcement.
More developers approved for Egyptian small scale PV program
National scheme reportedly aims to drive installation in segments including residential and commercial and industrial facilities.
Solar beats oil and gas price in EU
With the carbon price set by the bloc’s emissions trading scheme on the rise – alongside fossil fuel costs – there’s never been a stronger economic case for renewables. And analysts are predicting the trend is no blip.
Mitsubishi buys controlling stake in Nexamp
The acquisition of a share in Nexamp follows on Mitsubishi’s acquisition of BETM, which the company says will serve as the foundation for nationwide clean energy push.
Solargiga expects $15 million loss on back of China’s PV policy changes
Solargiga Energy Holdings Limited has issued a profit warning, stating it expects to record a loss of around US$15.2 million for the period ending June 30, 2018.
$1.2 billion clean energy fund closes, targets utility scale in the US
Capital Dynamics announced the final close on its most recent clean energy fund, totaling US$1.2 billion in commitments. The company is now managing 2.3 GW of solar installations.
Funding the key obstacle to renewables in Asia
Banks categorize renewable energy projects as risky and believe they offer lower rates of return than fossil fuel schemes, making them reluctant lenders.
Batteries material market set to grow 9% until 2022
A report by Technavio suggests the global market for battery materials could grow 9% annually in the next four years. Analysts point to the increasing installation of storage systems with PV as a key driver. pv magazine has covered previous reports predicting significant growth in PV and storage systems.
Will the falling Rupee sink India’s solar dream?
The Indian rupee is posting new lows. As concerns about Turkey’s economic woes persisted last week, the currency hit a record low of 70.32 to the dollar, having breached the 70-mark for the first time in history.
Saudi Tesla backers could be about to invest in EV rival
With PIF having distanced themselves from rumors they will help Elon Musk take Tesla back into private ownership – although that claim is disputed – the Saudi wealth fund may be about to write a big cheque to California-based Lucid Motors.
