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.
Pumped hydro business sinks numbers for Chinese clean power developer
Be Clean Energy emphasized it was its wind power business that was the company’s 2021 success story, even though solar power sales revenue also jumped. Elsewhere, compatriot PV manufacturer Solargiga bounced back into profit last year.
‘African countries must unite to establish a green hydrogen economy’
Only by working together can African nations overcome the obstacles to exploiting their abundant renewables resources and producing affordable green hydrogen – for use at home and in a European economy keen to wean itself off Russian gas, an online event has been told.
Chinese poly maker says its granular silicon will be in demand when EU puts up carbon border
GCL-Poly, in its annual results statement for 2021, has pointed to certification of its product’s low-carbon claims by French government body the Agence de l’Environnement et de la Maîtrise de l’Energie.
Chinese PV Industry Brief: It’s boom time for solar in the world’s PV capital
Big numbers from polysilicon and cell maker Tongwei and the latest government statistics indicate the nation is in the midst of a flood of solar capacity additions at the moment.
