Legal challenge to Ukraine’s retroactive FIT cuts
Lithuanian-owned solar developer Modus Energy International is reportedly seeking €11.5 million from the Ukrainian government after it retroactively reduced feed-in tariff payments from August. Modus claims Kiev breached the Energy Charter Treaty with its reduced-payment legislation.
EU approves Danish contracts-for-difference incentive program
The €400 million, three-year scheme will guarantee price stability for developers while limiting costs to the Danish treasury and applies to on and offshore wind, wave power and hydro, as well as solar.
India to finance 100 MW Bangladeshi solar plant
The federal government will provide $131 million of soft loans for a $177 million, 100 MW solar park near the Jamuna river in Bangladesh’s Jamalpur district, where a second park of a similar size is being planned by Dhaka and a Chinese partner.
SolarEdge posts first-quarter results
The manufacturer says it shipped 1.69 GW of its inverters in the first three months of the year and predicted a further quarter-on-quarter rise in revenue from the current window.
A case study in African solar policy problems
Dutch off-grid solar organization GOGLA has focused on the negative effect of the reimposition of VAT and import duties on solar lighting systems in Kenya as emblematic of the lack of legislative support for clean energy across the continent.
GCL nears resolution of its $500m senior notes headache
The Chinese poly maker expects to sign off a debt reorganization plan in Bermuda next month and has announced its latest $102 million solar project sell-off.
Lack of policy hampers energy storage in Cyprus
Although the government last month started offering purchase incentives for residential batteries, a net metering regime which is in place for solar households means there is little to prompt PV owners to splash out more on storage.
Solar and wind could provide half of 2040 power mix across 22 African nations
The International Renewable Energy Agency has combined energy infrastructure commitments across a huge swathe of the continent with hundreds of regional sites which offer rich solar and onshore wind potential, to determine what could be possible.
Sri Lankan garment manufacturer could invest in Bangladeshi renewables
Although the Windforce clean power developer controlled by garment maker Hirdaramani has not been forthcoming in response to pv magazine, it is reportedly considering installing 20-50 MW of solar and/or wind power capacity in the nation.
Special trade zones can help Africa’s energy transition
With investors often put off by a lack of supportive policy for renewables on the continent, the exceptions made to attract money to its economic trade zones might also prove more friendly to clean power infrastructure spending.
