Power Capital Renewable Power has acquired a controlling stake in an extensive solar portfolio under development by Terra Solar.
Analyst BloombergNEF has gazed into its crystal ball and predicted three routes to a net zero world. The ‘green’ scenario fleshed out in its latest New Energy Outlook is bound to appeal far more to the solar industry than the alternative, nuclear or fossil-fuel-powered outcomes.
A report commissioned by EU lender the EIB has dismissed the role solar mini-grids can play in achieving universal electrification by 2030 and signaled distribution to individual households should be the way forward, including sales to the residents of UN refugee camps in East Africa.
An energy transition investment report published this week has also revealed the former world record low price for solar power announced by the Al Dhafra project in Abu Dhabi last year, has fallen even lower since.
The government’s Department for Business, Energy and Industrial Strategy surveyed householders and small businesses and was told the prospect of firms having to pay higher taxes after installing PV prompted fury – just as the national solar trade body has been telling Whitehall for years.
While the independent investigation of a payment handed over to a state-owned lead contractor for a polysilicon fab planned by GCL exposed a breach of internal policy, the manufacturer has been cleared of any non-compliance with legal requirements.
Indonesia will catch the eye too over the next nine years, according to analyst WoodMac, as its market grows from 300 MW to 8.5 GW.
State-owned China Xinhua Power Development has booked a $53 million discount on seven solar farms as developer Kongsun seeks to pay down debts, and Canadian Solar has landed a 45 MWh energy storage contract in Colombia.
Some 22 villages in Busia county will receive a total of 7,000 electricity connection points plus solar-powered street lighting and water services after InfraCo Africa invested $4.2 million acquiring 40% of developer Kudura Power East Africa.
In June, solar stocks underperformed, writes Jesse Pichel of ROTH Capital Partners. The U.S. residential market retains a positive outlook, though rising prices and forced labor concerns represent significant challenges.
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