Finance

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.

The investment has been planned as part of the nation’s recovery and resilience plan to access EU funds for its post-Covid economic stimulus package. The spending plans of Portugal and Greece have also been approved by the European Commission in the last 48 hours.

First-half profits will be up at solar panel glassmaker Xinyi Solar despite the fact the price of the module raw material has been on a downward trend in the current three-month window.

The island nation’s first utility scale solar park is set to double in size and have energy storage added, with work due to start this month.

In May, cost increases across the supply chain left solar stocks underperforming in the market, writes Jesse Pichel of ROTH Capital Partners. For the U.S., higher prices for shipping and steel have hit particularly hard.

Long distance, point-to-point transport of green hydrogen for industrial use can harness the cheap solar electricity available in some parts of the world but distributing the energy-storage gas to individual refueling stations, for vehicle fuel cell use, will likely have to depend on production nearby.