EU approves France’s small scale solar FIT plans
The European Commission has determined France can offer the owners of building-mounted panels with a generation capacity of up to 500 kW a 20-year feed-in tariff without breaching the bloc’s state aid rules.
India’s Reliance Industries may acquire REC Solar
Mumbai-based Reliance Industries and REC Solar have declined to comment on rumors that the Indian company might acquire the Norwegian PV module maker, in a potential transaction that Indian media outlets have already valued at $1 billion to $1.2 billion.
International group offers $68m loans for struggling off-grid clean energy distributors
‘More than 90’ suppliers of appliances such as solar lanterns and home solar panels, as well as mini-grid installers, will be offered low-interest credit by an assortment of government-backed and privately-financed entities.
Solar developer Shunfeng mentions curtailment issues in China
The solar farm owner is having to juggle creditors as it tries to drum up further interest in its assets despite a ‘lack of marketability.’
GCL enters ‘final phase’ of its great project sell-off
The solar farm development unit owned by the poly maker sold off 2 GW of photovoltaic generation capacity in China in the first six months of the year but has confirmed more sales lie ahead.
Australia grid delays affect Dutch developer’s figures
Photon Energy reported raised revenue from sales of electricity in the second quarter of the year, compared with 12 months earlier, but said grid hold-ups at 14.6 MW of solar projects Down Under had affected performance.
Shunfeng set to offload another 190 MW of solar capacity to pay debts
The proposed sale of seven solar farms in China will raise more than $80 million for the heavily indebted developer, which this morning confirmed trading in its stock had resumed after a nine-day hiatus.
Venture capital support for solar blossomed during the first half
The $800 million of private backing secured by Californian residential solar finance business GoodLeap helped the sector achieve VC and private equity funding of $1.6 billion in the first six months of the year, up from just $210 million a year earlier.
Bullish clean energy stocks helped maintain healthy investment levels
The latest renewables investment report produced by analyst BloombergNEF has noted backing for solar projects continued to rise in the first half as wind power investment fell back.
On the brink of collapse, Lebanon added 14 MW of solar in 2020
The news Lebanon installed new solar capacity last year has come as a huge surprise, given the country is at risk of failure. Amid the country’s crisis, solar is offering solutions.
