Finance

The German PV group says it is optimistic that Hemlock will not succeed in actually enforcing any claims against it in Germany, arguing that the disputed silicon supply contract at the center of the legal dispute violates EU antitrust law.

Financially viable in just a handful of states today, commercial storage will make economic sense across 19 states by 2021 as battery costs fall, finds a GTM Research report.

Introduced in the U.S. House and the U.S. Senate, the new Energy Storage Tax Incentive and Deployment Act could do for residential and commercial storage what the previous tax credit did for solar.

Trina Solar and rooftop PV developer Asia Clean Capital (ACC) have agreed to jointly build more than 300MW of solar capacity in China over the next three years. Under the terms of their cooperation agreement, Hong Kong-based ACC will build the projects and provide financing.

The funding is part of an expansion of C&I developer REC Solar’s channel partner program.

The solar PV giant will receive JPY6.2 billion (USD60 million) from Prudential Capital Group, which will be used to finance over 20 MW of PV projects within the country, as Canadian Solar continues to diversify its portfolio.

The investigation by the European Commission will determine whether the three companies breached minimum import price (MIP) rules for Chinese PV exporters to the EU during transactions in 2015, which would result in them being removed from the MIP undertaking and incurring duties on their PV exports.

The funds, with the bulk drawn from nine commercial banks, will be steered towards utility Eskom to augment its electricity infrastructure, support renewable policies, and boost generation to neighboring countries.

Bank of China has raised approximately $3.03bn via a multi-currency green bond issuance that wrapped up earlier this week, in a transaction the lender says will provide financing to PV projects throughout the world.

Another seven days of solar brings a call from SolarPower Europe for the EU to end trade duties on Chinese components, the unveiling of Hanergy’s zero charge EVs, and the first shoots of Nigeria’s solar market.