Finance

Norwegian hydropower giant and Europe’s largest renewable energy generator, Statkraft, has published its annual “Low Emissions Scenario”, which describes investment in green projects as “unstoppable”, while calling for a dramatic scaling up for renewables, electrification and green hydrogen.

Energy consultancy DNV was tasked by module manufacturing giant Longi Solar with comparing the balance of systems costs between modules utilizing 182mm and 210mm wafers, based on a 3.7 MW project in three different layouts. The results reveal a slim cost advantage for the smaller of the two, based on both fixed tilt and tracker systems.

Industrial shutdowns and reduced factory production capacity levels indicate the companies producing the raw materials used by solar manufacturers are being afflicted by electricity consumption measures just as other sectors are. It is not clear whether the solar industry will be afforded any favors by Beijing, as analyst Frank Haugwitz explains.

Re-Source 2021 took place in Amsterdam at the end of last week, and pv magazine was there to cover the event where the suppliers and sellers of renewable power purchase agreements (PPAs) meet the (largely corporate) buyers, though encouraging PPA uptake among small and medium-sized enterprises (SMEs) was among the major talking points, including ‘additionality’, de-risking renewable PPAs and 24/7 matching.

Fotowatio Renewable Ventures’ (FRV) Australian platform includes 637 MW (DC) in projects already operational or under construction, and a pipeline comprising 7 GW of solar projects and 1.3 GWh of battery storage.

Despite investing US$605 million in Bangladesh’s energy sector during the last five years, the Asian Infrastructure Investment Bank has reportedly not supported a single renewable energy project, according to experts and environmental activists.

Industry body the Renewable Energy Association (REA) is calling on the U.K. government to reduce tax on various clean energy technologies and energy efficiency measures in the residential sector, with particular emphasis on battery installations. The association sees this as one of the most effective ways to protect consumers from volatile energy prices, as well as for the country to meet its stated decarbonization goals.

The financing round will be used to drive the Spanish PV software specialist’s international growth in markets such as the United States, Europe, Latin America, and Asia-Pacific, accelerate product development and improve customer experience.

Reliance New Energy Solar, a subsidiary of Reliance Industries led by billionaire Mukesh Ambani, which is planning a huge manufacturing venture in Gujarat, India, has led a series C financing round in German wafer manufacturer NexWafe with an investment of EUR 25 million ($29 million). This marks the third major investment in renewables announced by the Indian multinational this week.

CCE Solar Invest GmbH has secured financing to build 600 MW of PV capacity in Italy.