Polysilicon giant planning more production capacity
Newly rebranded GCL Technology is laying plans to invest more than $1 billion into its output capability, as its latest set of quarterly figures again spelled out just how profitable the business is at the moment.
Polysilicon maker predicts 5-year shortage of solar raw material
TBEA-owned Xinte Energy says it cannot produce polysilicon quickly enough to meet demand and wants shareholders to back its bid to quadruple its manufacturing capacity by mid 2024.
Greek solar company suffers fresh EU court reversal
The European Court of Justice has told Solar Ileias Bompaina that it must pay the costs of both parties in a seven-year dispute stemming from the former Greek government’s move to reduce solar feed-in tariffs and claw back historic payments.
European Commission could call in Macquarie bid for French developer
Australia’s Macquarie is leading a consortium that has reportedly tabled a €2.5 billion ($2.7 billion) bid for a clean energy business formed by French private equity houses InfraVia and Eurazeo.
Guyana prepares 1.5 MW solar park
The $2.7 million solar plant will help reduce fuel costs and the nation’s carbon footprint, according to Prime Minister Mark Phillips.
Ikea invests €340 million in solar
Ikea’s holding company, INGKA Holding, will invest €340 million ($371 million) to acquire nine PV systems from Enerparc. In the future, Ikea said it will work with Svea Solar to sell residential PV systems.
IFC boosts green lending in Poland
International Finance Corp. has underwritten potential credit losses on part of a $730 million loan book held by the Polish operations of Santander, freeing up finance to be issued for more green projects, including renewables.
Solar the energy workhorse in latest gloomy IPCC verdict
Photovoltaics can wipe out 4.25 billion tons of carbon emissions every year this decade, according to the UN Intergovernmental Panel on Climate Change. Even so, the actions announced so far remain way short of what is needed, with capital flows to fossil fuels still greater than the cash directed toward combating climate change.
Indebted Chinese developer spells out obligations in unaudited figures
Covid-19 has left Shunfeng International’s accountants unable to publish its official 2021 numbers on time, but its estimated figures announced a net current liability of almost $155 million and a “capital deficiency” of near $140 million.
The weekend read: Market turmoil drives change in PPAs
Utilities are reshaping their PPA strategies as hungry corporates twist what we thought we knew about procurement approaches. All the while, project owners and operators are seeking an answer to the lingering question: After the 10-year PPA, what next? Luca Pedretti, chief operating officer at Pexapark, reads the market and predicts how we can move forward.
