Debt-saddled Panda Green and Singyes wait on Chinese state-backed bailouts
With Singyes having already announced a plan to receive a cash injection and restructure its debt, fellow Hong Kong listed solar developer Panda Green today announced plans for a Beijing coal power company to ride to its rescue.
Italy registers uptick in new PV installations in May
With 46.9 MW of newly installed capacity, Italy registered its best month in two years despite having no large plants come online. Renewable energy association ANIE Rinnovabili says this year the country may record stronger growth due to renewed business investment incentives and new provisions regulating solar.
‘Portugal’s bid of €0.01470/kWh is not the price of PV’
Antonio Delgado Rigal, chief executive of energy forecasting service Aleasoft, says the lowest final price of €0.0147/kWh announced by the Portuguese government from its recent solar auction does not reflect the real costs of PV and is no indicator of the future price of power in the electric market. More details of the auction are emerging and Iberdrola and Akuo appear big winners.
China Solar’s latest attempt to relist put off until November
The scandal-hit Hong Kong-based solar manufacturer has had trading in its shares suspended for six years but white knight investor Cheung Shun Lee is hoping to get it back into operation.
Togo launches first large scale solar project
After joining the Scaling Solar initiative in mid-July, the sub-Saharan country has revealed where its first 30 MW PV plant will be built.
Namibian utility unveils 40 MW solar capacity plan
NamPower has announced two 20 MW solar projects as part of a 220 MW renewable energy strategy. One will be owned and operated by the utility and the second will be tendered in the near future.
Mayor of London wants another 2.5 MW of rooftop solar by next summer
A group buying program which has prompted more than 600 rooftop arrays across 14 boroughs in the capital is set to be extended next month with officials hoping another 700-1,000 households will embrace the scheme by June.
Germany installed 2 GW of solar in six months
After a strong start to the year, demand for PV systems has slowed because of FIT reductions. Solar subsidies will fall by a further 1.4% per month until November.
SunPower’s slow climb towards the black
The high efficiency solar panel maker pulled off a rare profit in the second quarter due to selling off leases, but expects to report another quarterly loss in its next update.
Greenrock Energy to build 300 MW of solar plant capacity in Italy
The German company has already secured project rights for PV projects with 200 MW of generation capacity. Another 100 MW should follow this month.
