Finance

Ecoligo has launched another financing round for the installation of a rooftop solar PV system at a flower farm in Kenya. The system is set to reduce the farm’s grid electricity demand by 50%, and lower its OPEX.

While overall global investment in clean energy saw a decrease of just 1% YoY in the first half of 2018, solar’s share dropped 19% following changes to China’s PV policy and lower project costs, says Bloomberg NEF (BNEF). It forecasts this trend to continue throughout the year.

More than 80% of India’s solar equipment requirements are met through imports from China. Against this backdrop, industry analysts see the predicted 30% lower module pricing, following China’s revised policy, as a good news for Indian PV projects.

Despite its huge potential in the region, solar PV has hitherto gained little traction in Central Asia. In Kazakhstan, two utility-scale PV projects have been realized, and a few are in the pipeline for Uzbekistan as it begins to attract international investors. But many challenges on the policy level have yet to be overcome.

The Spanish PV project developer is currently seeking ways to finance its solar project pipeline in India, Chile and Spain. Although the rumors have not been confirmed, listing on the Madrid Stock Exchange may be a option.

The company reports that its IoT ABB Ability platform connects to existing GE Industrial Solutions’ installations. The company will supply its products to GE, with the GE brand name being retained. Access to the North-American market was named as one of the primary motivators for the acquisition. At the same time, the company inked a deal to support Be Power in the Italian market for dispatching services with its ABB Ability solution.

Yingli Green Energy Holding Company Limited has been delisted from the New York Stock Exchange, and expects to begin trading on the OTC Pink on July 2, where there are no disclosure requirements.

More and more corporations are signing contracts with wind and solar projects, and as this happens the space is becoming broader and more complex.

The Philippines-based energy company has signed the share purchase agreements to acquire a 15% stake in two Thai companies, which are building a 220 MW utility-scale solar power project in Myanmar.

As forecast in its 2017 financial report, JinkoSolar shipped around 2 GW of modules in the first quarter of this year. Meanwhile, it did not adjust its forecast for 2018 shipments, in the range of 11.5 GW to 12 GW, despite the Chinese government’s cuts to installations.