Eon plans to take majority share in Innogy
Eon has announced plans to take over a 76.8% stake in the German utility, RWE’s renewable energy spin-off, Innogy. The acquisition is part of a far-reaching agreement between the two, which envisages redistributing operations so that RWE focuses on the renewable energy business, while energy networks and customer solutions would be the responsibility of Eon.
EIB committed €1 billion to solar last year
The European Investment Bank (EIB) made its solar investments in 13 European Union countries, as well as in India, Mexico and Peru in 2017. The bank’s total investment volume for solar projects since 2002 amounts to around €6.3 billion.
Manz returns to profitability
Thanks to a one-off effect in the solar segment, the company was able to achieve a record turnover of €325 million in 2017.
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).
