Markets

Malaysia’s Yinson acquires 37.5% stake in Indian IPP

Yinson will pay Rs 554 million ($7.3 million) for a stake in New Delhi-based Rising Sun Energy, which operates two PV plants in the massive Bhadla Solar Park in the Indian state of Rajasthan.

Covid-19 daily bulletin: Meyer Burger reduces working hours for staff

The Swiss equipment supplier already needed to shore up its bottom line and is now taking measures to help combat the spread of an epidemic which has also claimed November’s planned climate summit in Glasgow and an estimated 19% of this year’s demand for energy storage.

Toshiba bags contract for 147 MW project in Japan

The electronics brand said the project will be its largest engineering, procurement and construction order for a solar plant. Facilities on such a scale are rare in Japan because of land constraints.

France awards 960 MW of solar through different tenders

Minister of the Ecological and Inclusive Transition Elisabeth Borne told a teleconference of renewables representatives the results of a recent slew of clean energy tenders which allocated 1.7 GW of generation capacity and also revealed new measures being taken to support the industry.

EU research group agrees to back controversial Spanish lithium mine

Australian company Infinity Lithium has signed a memorandum of understanding with the European Battery Alliance to promote its lithium mine project in San José, Extremadura. It would be the first lithium project to obtain European financing but has already raised the hackles of local environmentalists and residents.

Seychelles to host 5.8 MW of floating PV

French developer Qair will start building a 5.8 MW floating solar array later this year on a lagoon on the East African nation’s main island. It claims the installation will be the world’s largest floating PV project to be built on saltwater upon completion.

Power Ledger to give French customers their choice of energy

The Australian peer-to-peer energy trading pioneer has revealed the world’s biggest “choose your own energy source” project in France.

Covid-19 daily bulletin

pv magazine rounds up the latest Covid-19-related stories likely to affect the world of solar and energy storage.

Netherlands to support residential PV through net metering for the entire decade

The Dutch government is planning to reduce tariffs by 9% annually from 2023 to 2030. The plan should still ensure a reasonable payback time for homeowners willing to go solar, according to the authorities.

Brazil postpones energy auctions

The Ministry of Mines and Energy has delayed auctions to procure new transmission as well as generation capacity and has not announced when they will resume.

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