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.
World will need 5.2TW of solar this decade to avoid climate breakdown
The International Renewable Energy Agency’s latest global outlook has spelled out just how ‘woefully’ far the world is from capping temperature rises at 1.5C, and lamented: ‘The stimulus and recovery efforts associated with the pandemic have also proved a missed opportunity.’
GCL’s solar project business spells out how it slashed debts in 2021
The developer last year sold off 2.9GW of solar generation capacity to state-owned entities to reduce its debt pile by $1.76 billion and has another 298MW up for sale as it repeated its intent to switch to blue, and later, green hydrogen.
The sun is still shining on poly makers but solar developers struggling in China
Polysilicon maker Xinte is forging ahead with a huge expansion strategy just as solar developers at the opposite end of the industry continue to bleed cash.
