GCL accepts it has lost 865 million shares in its solar project business
An investigation into the financier which promised to lend the polysilicon company’s solar project development arm $60 million two years ago, has turned up nothing more than an address in St Kitts and Nevis and allegations of fraud against one of its key personnel.
Silicon metal and aluminum industries hit by China power shortages
A combination of booming demand for coal-fired power and a shortage of the black stuff – exacerbated by a political row with Australia – have forced up prices to the extent fossil fuel generators are making a loss on every unit of electricity they produce. pv magazine‘s Vincent Shaw considers the potential solutions.
The weekend read: Price cannibalization threatens PV growth
As solar deployment increases, concerns about price cannibalization continue to be more and more relevant. Large-scale solar generation during midday hours may result in curtailment or unprofitable wholesale power prices. As supply increases, the economic viability of solar PV projects could fall into question.
SUN Exchange secures $2.5 million in convertible note financing
Sun Exchange is seeking to deploy 1 GW of solar power projects in Africa the next five years as it further expands its user base. Sun Exchange CEO Abraham Cambridge spoke to pv magazine about how the company will use its newly acquired funds.
US developer lands $1.75m deal for Nigerian mini-grids
Former start-up Husk, which originally based its business on renewables powered by rice industry waste products, has agreed to develop seven solar-plus-storage mini-grids across rural communities in Nasarawa state.
Bangladeshi banks can invest in Islamic green bonds
The nation’s central bank this week said the special funds built up by domestic lenders to maintain stock market liquidity could be used to purchase sharia-compliant ‘sukuk’ green bonds which made their debut last month.
EU offers €1m to help plan cross-border renewables
Preparatory studies can be backed by a funding line offered under the energy program of the Connecting Europe Facility infrastructure cashpot, with applications open until November 30.
Lightsource BP secures $1.8bn to develop 20-plus GW of new solar by 2025
The clean energy joint venture, which is half owned by British energy company BP, today said it expects to create around 500 jobs as it ramps up its solar portfolio from less than 4 GW to 25 GW in four years.
The Hydrogen Stream: New fuel cell tech for uncrewed ships, and a solar-powered hydrogen valley in southern Italy
A printed circuit board-based hydrogen fuel cell for use in autonomous boats and ships has been engineered by a British consortium, and Italian energy companies Snam and Edison want to set up a 220 MW green hydrogen production plant powered by 380 MW of solar in Apulia.
Solar on new-build homes has significantly shorter payback period
A report by BloombergNEF and Schneider Electric has pressed the case for governments to unlock the world’s potentially huge rooftop solar potential, and cited California’s solar mandate as a shining example.
