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Finance

Utilities in several US states plan ways to make solar customers pay more

Homeowners with solar panels that feed into the grid are getting too good a deal, say some state utilities, with plans afoot to readdress the balance.

UAE solar association rebrands to reflect wider Middle East scope

The Emirates Solar Industry Association has been renamed as the Middle East Solar Industry Association (Mesia) in anticipation of expected growth in the region.

Global energy company E.ON moves towards solar as newest board member at SEIA

The Solar Energy Industries Association (SEIA) this week welcomed global energy company E.ON, headquartered in Essen, Germany, as the newest addition to its board of directors.

PV book-to-bill ratio to remain at sub-parity levels for Q3

NPD Solarbuzz forecast a tenth consecutive quarter where net bookings for PV equipment lag behind recognized sale revenues.

EIB to support Indian renewable energy projects with EUR 80 million loan

The European Investment Bank (EIB), supported by Italian export credit agency SACE S.p.A, signs EUR 40 million loan as first instalment to SREI Infrastructure Finance Limited (SREI) to finance renewable energy projects in India.

Xevel to invest $85 million in Russian solar projects

In a major public-private partnership in Russia’s solar sector, state-owned Rusnano and private business group Renova’s joint company Xevel is to invest nearly $85 million into construction of solar power plants in Russia.

ReneSola closes $70 million share offering in preparation for polysilicon optimization

Chinese PV manufacturer ReneSola successfully closes $70 million securities offering on the NYSE, announcing that proceeds received are to be used for polysilicon production optimization.

Renewable energy now the cheapest option for Americans, study finds

Clean energy sources such as solar and wind are more cost-effective than coal-fired power plants when health and climate impacts are factored in, according to Springer’s Journal of Environmental Studies and Sciences.

BayWa r.e. to construct 45.4 MW solar farm in Aquitane, France

Munich-based renewable energy company BayWa r.e. begins construction on the largest solar power project in the company’s history — a 45.4 MW solar farm in the Aquitane region of France.

Renewables beat carbon capture and storage, researchers find

Australian researchers say renewables offer better prospects than coal and gas-fired carbon capture and storage (CCS) systems and argue against investment in CCS development, citing rising gas prices and pipeline distances.

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