The Hydrogen Stream: GCL will use Ethiopian natural gas to feed its ammonia and blue hydrogen
Plus there is news this week of a green hydrogen tie-up in India, plans for another German production facility, and of new hydrogen transport networks for Switzerland and the U.S.
Acme Solar raises $334 million via offshore green bonds
Indian developer Acme Solar’s green bonds were oversubscribed by over three times, and will support it financing twelve projects for a combined 450MW (or 605 MWp) of its operational assets in India.
Spanish solar projects secure €68m credit lines
Seven PV plants being planned by Solaria have received direct backing from the European Investment Bank, with the EU lender also the source of a €14 million loan to Natixis which will be passed on to the Spanish developer.
European Commission approves France’s €30bn renewables incentive program
Paris intends to secure 34 GW of solar, onshore wind and hydroelectric generation capacity by 2026 by offering generators premium payments – determined by competitive reverse-bidding among developers – to top-up the market electricity price.
Chinese poly maker moves to establish natural gas-fired hydrogen business
An announcement by GCL-Poly to the Hong Kong Stock Exchange yesterday about the company’s hydrogen plans made no mention of any intent to deploy carbon capture tech to mitigate the emissions of what would otherwise be considered a ‘grey’, fossil fuel version of the energy storage medium.
Maxeon secures EU cash to make its ‘stick-on’ solar panels in France
The TotalEnergies-controlled solar manufacturer will secure an, as yet undetermined chunk of a new €118.6 million low-carbon innovation fund to start producing its frameless, glass-free solar roofing products at Porcelette, in northeastern France.
Canadian Solar raises $100m to fund projects in Brazil
Canadian Solar has banked the cash for its growing portfolio of solar projects in a nation which had module demand of 5 GW last year.
Chinese PV Industry Brief: Trina, Longi and Guangdong Electric Power all have reason to celebrate
…but cell manufacturer Aikosolar is expecting a reversal in fortune for the first half of the year and has blamed rising solar panel material costs.
PowerGen and CrossBoundary to deploy solar to 55,000 people in rural Nigeria within a year
U.S.-owned, Nairobi-based mini-grid developer PowerGen has already rolled out seven local solar networks in the West African country, funded by equity investors who will recoup their cash when all 28 systems are sold to CrossBoundary Energy Access.
Solar manufacturers warn of 12-18 months disruption for standalone products
Potential price rises of 14% for the solar home systems that are driving access to electricity in the world’s under-served regions could signal further arrested progress towards the UN goal of universal access by 2030.
