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Finance

EU member states have three weeks to sign up for Europe-wide renewables tender

The European Commission’s proposed renewable energy financing mechanism would enable wealthier EU nations to fund clean energy projects in poorer neighbors rich in solar potential.

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Rooftop solar price to keep rising this year

British analyst GlobalData has predicted residential and commercial rooftop panels will not return to a declining price trend until next year, with post-Covid logistics headaches the cause, rather than a polysilicon shortage.

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SolarEdge reports record-breaking revenue

With comparisons with a Covid-hit 2020 inevitably offering a string of positive numbers, there was also little to concern the board of the inverter and battery manufacturer from the returns generated in the last quarter.

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Nigerian mini-grid program appears to have been scaled back

An initial intent to commission 28 local solar-plus-storage networks has now been stated as comprising “around 20” mini-grids, with delivery expected this year, rather than by the middle of the year.

‘Bangladeshi energy masterplan should focus on renewables’

With the finances of national utility the Bangladesh Power Development Board in disarray thanks to rising capacity payments for often-inactive conventional power plants, renewables offer the hope of fiscal sustainability, according to the Institute for Energy Economics and Financial Analysis.

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Rising electricity bills in Nigeria drive demand for solar

Commercial and industrial PV installer Starsight Energy says business is on the up thanks to rising wholesale energy costs in the country.

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New poly fabs could head off first-half solar project slowdown

Norwegian analyst Rystad Energy has warned the solar industry could suffer the same effects of rising input prices as onshore wind developers grappling with ever more costly steel, with much hinging on how much solar panel raw material polysilicon can be manufactured.

Polish gas plans could leave taxpayers needing to find billions

With the Polish government planning to commission five gas power plants over the next five years, London-based thinktank Carbon Tracker has estimated just how costly the move will be, compared to deploying solar plants and energy storage instead.

SunPower to sell C&I solar business to TotalEnergies

SunPower is selling its C&I operations so it can focus on expanding its residential business, while TotalEnergies will advance its distributed generation activities in the US market.

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European funds back 40MW Kenyan solar field

The $87 million Kesses solar project, in Kenya’s Rift Valley town of Eldoret, is set for completion by Spanish developer Alten this year.

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