Singyes $198m bail-out goes through
The solar manufacturer and project developer appears to have secured a crucial rescue package funded by Chinese state-backed Water Development (HK) and has persuaded the holders of most of its $430 million in defaulted debt to accept a restructuring plan. Next up, the Hong Kong High Court.
Kenyan government blamed for sluggish progress of solar
Two solar farms with 80 MW of generation capacity tendered in 2017 are being built and will be commissioned this year but another two, allocated at the same time, are no nearer construction. Kenya, however, has been touted as the site of Africa’s first wind-solar-storage hybrid project.
Germany added 292 MW of solar in July
Demand for systems with a generation capacity of up to 750 kW is driving the market. The 52 GW capacity cap for solar under the national FIT scheme is approaching. In September, feed-in tariffs and market premiums will fall a further 1.4%.
PV cheaper than spot market electricity across Europe
The levelized cost of energy produced by large scale PV projects ranges from €24/MWh in southern Spain to €42/MWh in Finland. New research states that is already cheaper than the average spot market electricity price and that the figure for big facilities in southern Spain may fall to €14 in 2030 and €9 in 2050.
Singyes Solar shares suspended as it misses first-half results deadline
The embattled solar manufacturer – which is facing a winding-up petition lodged by Deutsche Bank Hong Kong – says it failed to publish the six-month update by the weekend because of a delay in producing its annual results for last year.
Uzbekistan launches rebate program for rooftop PV
The Uzbek government last week opened a rooftop solar program which provides 30% of the initial costs for buying and installing a PV system, up to around $320 per project. Tax incentives are also available.
JinkoSolar unveils another impressive set of quarterly figures
The Shanghai-based solar manufacturer has maintained gross margin in a depressed domestic market by shipping ever more modules around the world and is pressing ahead with dramatic production plans on the eve of a looming solar boom.
Scatec reaches commercial operation for another 112 MW of capacity
The Norwegian developer has opened plants in Ukraine and Egypt. Scatec Solar recently announced it managed to triple energy production in the last year.
Pakistan’s Nepra mulls another 50 MW of solar
The country is steadily expanding solar generation capacity as it aims for 5 GW by 2022, helped by an influx of foreign investment from China’s Belt & Road infrastructure program and World Bank capital.
Octopus adds 300,000 customers and launches community energy JV
Another large scale transaction by the electricity and gas supplier has enhanced its standing in the U.K. energy market, with the business now counting more than one million customers.
