Finance

It should come as no surprise that clean energy spending is a big chunk of Warsaw’s four-year EU grant and loans package, given that the nation’s grid-connected solar capacity rose from 3.99 GW at the end of 2020 to 6.3 GW four months ago, according to the International Renewable Energy Agency.

The Canadian provincial government’s Green Economy Plan, launched in November 2020, envisages a 37.5% reduction in greenhouse gas emissions en route to net zero by mid century.

The London-based international lender has provided finance for the “up to 286 MW” project alongside Poland’s two biggest retail banks.

Redavia, which leases plug-and-play solar systems to commercial clients in Africa, secured the fresh credit line after settling a previous $2 million loan supplied by the EDFI ElectriFI European development finance institution.

As reported by pv magazine, BDO was not permitted access to the paperwork on 11 solar project companies sold by Shunfeng International in 2020 and, therefore, could not offer an opinion on the financial prospects of the business based on last year’s performance either, given the lack of comparative numbers.

The urgency to mitigate climate change and the need for more energy independence in many countries will boost demand for renewable energy to unprecedented levels. Meanwhile, trade conflicts, the logistics crisis, and insufficient supplies of raw materials have disrupted supply chains for the past two years. This has resulted in higher prices for solar equipment, challenging the predictability of on-time delivery and the quality of products. Sebastian Petretschek, TÜV Rheinland’s global head of PV power plants, examines the key issues in module procurement for investors.

Solar developer Beijing Energy reported a bumper prediction apparently made by the China Electricity Council, as the developer published its annual figures today.

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.

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.

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.