General manager of GCL subsidiary approved $79m contract payment against company policy
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.
China to add 619 GW of solar this decade
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.
Chinese PV Industry Brief: News of 360 MW project win in Nigeria and TBEA benefits from poly shortage
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.
European funding for solar mini grids in Kenya
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.
Guggenheim Solar Index: Underperforming solar stocks and significant challenges
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.
Xinyi suffers setback in EU anti-dumping case
The Chinese solar glass maker, which claimed a positive legal judgement in the European General Court in 2019, is now likely to have that victory set aside by the European Court of Justice, with an advocate-general saying the company benefited from an income tax regime which may have unfairly distorted its operations.
Elon Musk could lose billions in Tesla-SolarCity acquisition suit
Musk is headed to Delaware courts this month as the sole remaining defendant in a case brought by Tesla shareholders.
Grid connection is key culprit as investor confidence wanes in Australia
Ongoing grid connection issues and concerns about Australia’s unpredictable regulatory and policy environment have been identified as the key culprits with a new report revealing investor confidence in the nation’s renewable energy sector has slumped to a five-year low.
EU spot market module prices: Climate targets, PV price trends for 2030 – a viable mix?
More money for climate protection – that’s what the G7 heads of state agreed on at their recent summit in Cornwall, England. It will involve making a whole lot more funds available to expedite the current pace of renewable energy expansion.
EU finance to back solar pumps and lanterns in Tanzania
European development campaign the Electricity Financing Initiative has invested around €1.26 million in a €1.5 million bond issued by domestic solar products supplier Simusolar.
