China sets lower solar FIT rates for 2018
The Chinese government has revealed its new feed-in tariffs (FIT) for different types of PV projects, with rates set to fall by as much as 15% from the start of January.
Shell snaps up British energy firm First Utility
Acquisition of the British company by Dutch-British oil giant Shell will support growth of First Utility’s smart energy solutions and aid incorporation of battery technology and renewables, company CFO says.
Ternienergia to sell 17 MW of PV assets in Italy
The operation is part of the company’s strategic repositioning aimed at selling, among other things, non-core PV assets. All of the projects are located in Italy.
EIB partners with YES Bank to offer $400m funding boost to Indian renewables
Both the European Investment Bank and India’s YES Bank will provide $200 million investment to co-finance a series of solar and wind power projects across India.
Yingli posts $355 million net loss in Q3
Yingli Green Energy’s net loss widened to RMB 2.3 billion ($354.9 million) in the three months to the end of September, from just RMB 335.4 million a year earlier, as its PV module shipments fell roughly 48% from the preceding quarter to 597.7 MW.
Malaysian pension fund acquires 45% stake in 365 MW PV portfolio
European renewable energy investment platform Vortex, has sold a 45% equity stake in Vortex Solar Investments to Kumpulan Wang Persaraan (KWAP), Malaysia’s second largest pension fund, in a GBP 67.5 million transaction.
Wirsol to acquire two ‘subsidy free’ solar projects in the UK
Wirsol has announced the acquisition of two solar projects totaling 16 MW, which are gearing up to begin construction in the U.K. Wirsol also says it has plans to expand this portfolio to around 150 MW over the next 18 months.
BP returns to PV with $200 million investment in Lightsource
British Petroleum makes first move in PV since 2012 with acquisition of 43% stake in British renewables firm Lightsource.
Poland: RE support scheme approved, financing for 55 MW PV projects secured
A PLN 40 billion (around €9.4 billion) Polish support scheme for renewable energy has been approved by the European Commission. Meanwhile, Guernsey-based Sequoia Economic Infrastructure Income Fund has agreed to provide financing for ReneSola’s 55 plants in Poland, each with a capacity of 1 MW.
Macron climate summit draws big announcements, but they still fall short
A number of parties used the One Planet Summit in France yesterday to either reaffirm clean financing commitments, or unveil new ones. However, the figures still fall short of the US$6.3 trillion the OECD has calculated is needed annually.
