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Finance

Labour pledges to remove carbon from UK electricity supply

To achieve decarbonization through PV alone would require an extra 100 million panels in the next 15 years. Labour would make decarbonization by 2030 a legal requirement, if elected on May 7.

Thin film to power drones

Silent Falcon UAV will be powered by Ascent Solar cells. Drone has a range of ‘commercial, public safety and defense applications.’

Russian banks set to seize Crimean solar power plants

Update: Saddled with massive debts estimated at $870 million following Russia’s annexation of Crimea and a dramatic cut in feed-in tariffs, solar plants in the region have been unable to pay back outstanding loans and now face foreclosure.

Swiss battery maker joins Azores grid project

Leclanche’s lith-ion batteries will form part of MW-scale renewables-plus-storage project. Swiss company’s Danish shareholder will also finance the project to the tune of $3.7m.

Scatec announces South Africa projects

Norwegian developer has announced three contract wins under much-delayed round of national power auction. No details emerged as to how state utility Eskom has overcome publicized grid constraints.

Solar-Fabrik identifies fire-risk modules

German manufacturer has published the serial numbers of modules with junction boxes which may catch fire. Any related product recall will be a fresh blow for the troubled German module maker.

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Utility aims to bring P2G power to the US

SoCalGas wants to use its existing natural gas infrastructure to store excess renewables power. Under P2G, renewable electricity is used to make synthetic equivalent of natural gas.

Shunfeng JV with state-owned aerospace company

Cheng Kin Ming’s ambitious eco-city plans will be aided by state-owned group of more than 200 member companies across a range of sectors.

Is DEWA preparing an 800 MW Dubai tender?

Infrastructure group behind world record sub-6 cent LCOE is rumored to be seeking a financial advisor for an 800 MW project. An advisor is typically the first move in drawing up a tender.

Indian state fires gun on 2 GW solar auction

Developers gathered in Hyderabad this morning to learn about Telangana state auction. Projects will range from 2 MW to 450 MW in size and, if taken up, will put state at the forefront of Indian solar.

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