Finance

The monocrystalline facility, planned near the town of Pâ by Swiss-owned developer Urbasolar following a tender, will help the government towards its target of reaching 200 MW of solar capacity this year.

A mix of solar and wind power can help Antigua and Barbuda to an almost-90% renewable energy system, and green hydrogen could then show the path to hitting the national ambition of 100% green power by 2030, and net zero by 2050.

The solar industry typically sees itself as being supportive of the environment, humanity, and human rights. Even large Chinese PV manufacturers publish statements to this effect, particularly if they are listed on Western stock exchanges. But what do human rights have to do with the solar industry? What connections exist, asks Martin Schachinger of pvXchange, and how are they important to the future success of the European PV market?

The Covid-19 pandemic helped ensure chemicals business OCI could not put its idled polysilicon lines in Gunsan back into use last year, as had been hoped, prompting another hefty assets impairment which weighed on the group even as it expects supply of the raw material to be kept tight by rising demand.

In the month of February, the solar industry witnessed a decline, writes Jesse Pichel of ROTH Capital Partners. Increasing prices throughout the supply chain and forced labor concerns from China spelled headwinds for the solar industry, but the decline can also be viewed as a healthy correction, following historic highs in January.

A planned IPO of the Chinese company’s main, Xinjiang business unit is set to finance construction of another 35,000 metric tons of annual production capacity by this time next year even as soaring sales volumes in 2020 enabled Daqo to pay down the bill for its previous expansion.

The finance ministry has approved the proposal to levy the duty next year. Customs notification of the move will be issued at a later date.

The oversubscribed fund was closed with the help of a commitment by Austria’s national development bank. U.S. and Swedish state-owned lenders and impact investors dominate the pool of contributors to the debt finance, which will fund small-scale installations.

Each 1.8 GW of new gas generation capacity could be replaced by 1.7 GW of solar as part of a cleaner, 6.3 GW collection of renewables and energy storage facilities–and that alternative already comes in cheaper than the business-as-usual approach, according to the Carbon Tracker thinktank.

Dutch power utility Eneco will supply solar and wind power from projects in front of the factory gates to allow the beverage factory to decarbonize its production.