Finance

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.

The weighted average cost of the electricity to be generated by the latest 975 MW fleet of solar projects procured by a national tender program has fallen more than 50% from the level recorded in the last such exercise, which was abandoned six years ago.

A quarterly update top-loaded with promising business growth in the company’s residential segment revealed commercial and industrial operations supplied an $8 million loss to the three-month figures, with supply chain issues and project timetables blamed.

The U.S. manufacturer has started building its third Ohio production base and has also begun ordering equipment to kit out its first factory in India.

The Spanish company recorded more than half of its year-to-date revenue in the last quarter alone – and secured a 700 MW solar project capacity order in the U.S. in September – but still shed €100,000 in the last three-month window as its nine-month net losses hit €20 million.