Singapore developer announces $20m plans for four more Philippines microgrids
WEnergy was celebrating the commissioning of its solar-diesel-storage off-grid network on the island of Palawan. Four more networks could come online within two years, said the developer, as part of a planned 15 microgrids in the nation.
Jinko to add another 5 GW of mono wafer capacity in Leshan
The solar manufacturer’s ever-accelerating production capacity expansion plans currently foresee 10 GW of mono wafers being pumped out at the Sichuan facility every year from the second quarter of 2020 – and only a fool would bet against that timetable being bettered by the time April rolls around.
Distributed storage market to grow nearly twentyfold by 2028
Market intelligence company Navigant Research has developed a country forecast of the global market. Incentives and pricing will be the main driver of installations, though the market will continue to be concentrated in certain key regions for now.
EU lender pitches in for LG Chem battery gigafactory in Poland
The European Bank for Reconstruction and Development is lending €250 million for a project which has expanded from producing an initial 100,000 EV batteries per year to an hoped-for 1 million by 2022, creating 1,000 new jobs along the way.
SolarEdge reports $1bn revenue in nine months
The third-quarter results for the inverter maker are in and look promising. All performance indicators are up for the steadily growing company.
Valoe’s Lithuanian gamble rides on latest fundraising attempt
The Finnish solar manufacturer must raise €3.5 million from a convertible bond issued on Monday and which closes on December 18. Generate the cash and production is expected to start at the Solitek facility in Vilnius early next year. Fail, and (almost) all bets are off.
E-waste company opens battery recycling plants in Singapore and France
TES issued a press release announcing the new facilities that is light on detail but claimed the plants would position it as ‘a leader’ in battery recycling. The company also announced an intent to move into the reuse of spent electric vehicle batteries in commercial and residential applications.
Engie Australia readies 2 GW renewables war chest
The French energy company is preparing a fund to develop clean energy in Australia over the next ten years. The move comes despite a federal energy policy vacuum that industry insiders fear is deterring investment.
European solar manufacturer body hits out at EU focus on post-production eco labelling
The European Solar Manufacturing Council says a decision by policymakers to disregard the carbon footprint of imported solar products ‘makes absolutely no sense’. Talk of ‘jobs which require a rather low qualification’, meanwhile, is unlikely to heal the widening rift with solar project developers and panel installers.
Bangladesh nears net metering policy for solar irrigation pumps
Firming up the payment system for solar energy exported back into the grid from PV-powered pumps will offer owners a new revenue stream, eat into a $1 billion annual diesel fuel bill and reduce strain on the grid by up to 1.5 GW daily during the agricultural season.
