European Commission unveils sustainable financing roadmap
An estimated €100 billion in additional investment is needed, annually, to reach Europe’s 2030 energy goals, states the European Commission, which has today released a roadmap to create a financial system that is focused on sustainable investment.
Japan: Kumamoto Electric pushes PV-powered cryptocurrency unit as potential curtailment solution
Kumamoto Electric Power, a Japanese power producer and retailer, has launched a new cryptocurrency-mining subsidiary that will primarily draw electricity from solar PV arrays.
Canadian Solar nails $149m loan for 53 MW in Japan
Canadian Solar has signed a credit facility of up to JPY 16 billion ($149 million) with Shinsei Bank to back the construction of a 53.4 MWp solar project in southwestern Japan.
Phoenix Solar starts insolvency proceedings
The insolvency proceedings of the German PV company have begun at the district court of Munich. According to the insolvency administrator, there is no hope for the parent company and its largest subsidiary in the United States.
Daqo sees turnover and profits increase significantly in Q4 and full fiscal 2017
The Chinese polysilicon provider reports overall increasing sales and production, as well a considerable increase in polysilicon ASPs for the second half of last year.
Elkem plans IPO on Norway’s stock exchange to expand silicon business in China
Through the IPO, the Norwegian polysilicon maker and silicon product provider will raise the funds to acquire two Chinese manufacturing facilities from its parent company.
Kyocera to drop NYSE listing
Japanese PV module supplier, Kyocera has announced plans to delist its American Depositary Shares (ADS) from the New York Stock Exchange (NYSE).
Renewables to drive economic growth in SE Asia — IRENA
The 10 members of the Association of Southeast Asian Nations (ASEAN) are on track to make solar and other renewables account for 23% of the region’s total primary energy supply (TPES) by 2025, but governments will need to create better policy and investment frameworks to make it happen, according to the International Renewable Energy Agency (IRENA).
First Solar sold out well into 2020
The thin film PV maker forecasts its new Series 6 PV module to begin mass production in Ohio in Q2 – with 1GW expected to be manufactured globally in 2018. The company also increased its 2018 guidance.
Canadian Solar announces sale of 24 PV plants to Greencoat Capital LLP
The already operational power plants sold for US$267.7 million comprise 272,000 Canadian Solar modules in total. Canadian Solar is set to provide operations and maintenance services to the plant, which could generate up to 142,000 MW per year for its new owner, based in the U.K.
