Finance

The new company will comprise all group’s business for the development of renewable energy, the sale of energy solutions, and the creation of a widespread EV charging network.

Although wind power dominates the renewables scene in the Republic of Ireland and the North – and even natural gas has a bigger role to play – the grid companies of the neighbors have revised up their estimates of how much solar will be needed, after talking to the public and industry.

While the Sino-Canadian business expects high polysilicon and shipping costs to be a temporary problem, CEO Shawn Qu has acknowledged the company will have overcapacity in cell and wafer production lines by the end of the year.

First, the bad news: PV modules will be caught up in the global wave of inflation. After a very brief respite, prices are picking up again for almost all module technologies. But the changes recorded for early October are paltry compared to the price increases still to come, writes Martin Schachinger of pvXchange. As of the cutoff date for this market survey, some manufacturers had already announced even more significant upward corrections for future deliveries. The price adjustments shown in the October index are thus only a tentative start to rises of no less than 15-20% over the price levels that prevailed just a few weeks ago. However, this will probably be the last price correction we can expect at the manufacturer level until the end of the year.

Aukera Energy, launched as a brand today but staffed by clean energy professionals who have worked with backer AtlasInvest for at least a decade, says it already has more than 1 GW of solar and wind capacity under development in Italy, Poland and the U.K. and wants to almost treble the scale of that portfolio within 12 months.

As of October 22, 2021, the overall solar stock market posted strong performance, with the Invesco Solar ETF leading the pack.

Developer Solar Philippines is preparing to issue up to 2.7 billion shares, for an estimated $0.02 per share, in the project company which will develop its 500 MW-plus Peñaranda project on Luzon.

With Paris having retroactively reduced solar feed-in tariff rates guaranteed for 20 years in 2006 and 2010, developer Solar Electric Holding has been unsuccessful in a legal bid to force the commission to decide on the compatibility of the incentive program with EU state aid rules.

In a financial world of stocks, bonds, foreign exchange, and credit cards, trillions of dollars are traded daily, with money flows handled by a bevy of databanks. In the world of cryptocurrency, billions of dollars worth of Bitcoin are traded through as many as 400,000 transactions per day, consuming the energy supply of a modernized country. The quirk is a “proof of work” feature that provides decentralized security. Is Bitcoin’s energy usage all for nothing, or is it a game-changer for renewable assets and generators? Tristan Rayner explores.

The nation announced a more ambitious climate change and renewables target at COP26 in Glasgow, and will be boosted by a $160 million funding pledge from the summit host nation.