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Finance

Shuifa Singyes reports annual results

The bailed-out solar company has seen its fortunes reverse since state-owned Shuifa rode to the rescue but it still has some assets frozen as the result of civil cases.

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African green hydrogen could feed German and Japanese industry and water drought-stricken nations

Trade bodies the Africa Solar Industry Association and the African Hydrogen Partnership hosted a two-day virtual conference to discuss the role green hydrogen can play in economic growth across the continent–and how it could drive desalination in freshwater-starved coastal countries.

SMA exceeds €1bn in sales for first time since 2012

German inverter manufacturer SMA has managed to shake off the impact of the pandemic by posting strong revenue and profits for 2020.

Bangladesh to try again with national clean power policy

Having fallen far short of its ambition to generate 10% of its power from renewables by last year, Dhaka is preparing to reformulate its national clean power target.

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Incentives crucial to avoid green, blue, and even purple hydrogen fading to grey

An Anglo-German report has suggested the environmentally-friendly desire to use only clean power to produce hydrogen, outlined by nations such as Germany, could end up being more emissions-heavy than the more pragmatic embrace of blue hydrogen under consideration in the U.K.

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Chinese utility pitches energy transformation credentials

The fossil fuel assets belonging to the state-owned parent of China Power International Development might overshadow the latter’s green claims but the Hong Kong-listed utility said it reached full operation at 940 MW of solar farms in 2020–more than half of it unsubsidized.

Comtec Solar subject to winding up petition in January

The Chinese PV company, which is preparing to move its headquarters to Changzhou city this month, has revealed details of the legal dispute which prompted its auditor to resign a fortnight ago.

India’s $122bn energy stimulus spending may benefit fossil fuels most

A report says India’s energy investment commitments over the last 14 months largely feature measures for power transmission and distribution that could benefit greenhouse-gas-producing fuels more than renewables.

‘Solar can energize the East African recovery’

Patrik Huber, co-founder and managing director for East Africa at renewables leasing company Solarise Africa, has spoken to pv magazine about the company’s take on how the region can prime for a green recovery. Huber explained Solarise’s contribution to the recovery includes recent expansion into three new countries.

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Adani Green Energy raises US$1.35 billion in debt funding

The Indian developer has secured the revolving fund from 12 international banks. It will use the amount to initially finance its 1.69 GW hybrid portfolio of solar and wind projects to be set up in the Indian state of Rajasthan.

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