Finance

If the three record-busting low solar price tariffs recorded in the Middle East in the past 18 months are to be believed, renewables-powered hydrogen in prime sites in the region could already compete with gas-plus-CCS production, according to IRENA. Has the Gulf discovered the new petrol?

Shunfeng International wants shareholders to wave through the sale of a business unit which offered a rare positive update in its last set of annual accounts. The parent wants to accept an offer for the operation from a company controlled by one of the directors of the seller.

The cheap loan package agreed at the weekend is part of a wider €340 million development deal and extends Germany’s record of promoting the energy transition of the South Asian nation.

The emirati developer behind the nation’s first private utility scale solar project cited the financial certainty offered by the host government under its national development plan.

With forecasters predicting the carbon price will top €100 per ton by 2030, the latest edition of a Fraunhofer ISE study into electricity generation costs has painted the renewables-versus-fossil fuels conundrum as something of a no-brainer.

With ‘shovel-ready’ projects across India, Africa and Latin America in line for a mix of grants, cheap loans, equity investment and financial guarantees from this year, the two bodies hope to trigger $20 billion in total funding and bring reliable power to a billion people.

Are solar projects always a sustainable investment class? How can buyers be certain an asset is a lucrative investment? And how can PV project developers fulfill the requirements set by asset managers? This year’s Asset Management Roundtable brought together stakeholders that deal with PV projects from a financial, legal, and technical perspective. You can now watch the video to discover the answers to these questions.

The two solar manufacturers will get priority access to polysilicon produced at the planned fab in Inner Mongolia, which developer Xinte Energy has said will be fully operational by June 2023.

A response issued by the Ministry of Justice to questions from an MP has revealed anxiety about any official comments on a case which involves a Lithuanian solar developer claiming restitution from the state after it retroactively reduced feed-in tariff payments for clean power in August.

Developer Terna Energy claims the Amphilochia pumped hydroelectric energy storage project has entered the final stretch. If built, the large scale facility can boost Greece’s independence from fossil fuels and the government’s strategy for a coal-free electricity system by 2025.