GCL Poly subsidiary sweats solar assets for $89m cash injection
The poly maker’s project development business has entered a sale and leaseback deal for a 140 MW project that will bring in a financial lift in the short-term but cost more than $31 million over nine years.
Pacifico Energy starts building 102 MW of solar in Japan
The Tokyo-based renewables developer is constructing a 102.144 MW (DC) array on a former golf course west of Osaka in the city of Ako. It expects to connect the project to the grid in spring 2021.
GCL Poly subsidiary secures public backing for its operations in Xuzhou
A subsidiary of the poly maker and PV developer will commit more than $200 million of its cash to an investment fund which could then finance projects for one of its fellow GCL Poly Energy Holdings businesses.
Rendeavour finishes first project of its 30 MW plan for Kenya
The African property developer has completed a 1 MW rooftop PV array at an industrial park in Nairobi. The installation is its first solar project in Kenya and part of a planned 30 MW rollout at Tatu City, its new mixed-use development in the capital.
Petronas jumps into PV market with Amplus acquisition
The Malaysian oil and gas group has purchased solar developer Amplus Energy Solutions from infrastructure investor I Squared Capital. No financial terms of the deal have been disclosed.
More details emerge of China’s $447m solar subsidy for 2019
The NEA has offered a broad hint that RMB3 billion will be made available in incentives this year – including RMB750 million for residential PV. Roth Capital Partners says achieving 40 GW of new capacity will hinge on timely action by the National Energy Administration.
India’s solar sector will outperform globally despite near-term challenges, says Fitch Solutions
With Narendra Modi being tipped to triumph again in the current Indian elections, Indian solar capacity is expected to grow robustly, at 15.3% per year, on the back of continued strong government support.
France opens biggest solar carport
The pending electric vehicle transition is all set to offer on-site self-consumption to the already compelling business case for solar carports, says French renewables developer Neoen.
The weekend read: Out with the old…
PV demand started weakly this year but will show an upward trend in the second half. Corrine Lin, chief analyst at PV InfoLink, examines supply and demand for polysilicon and predicts huge new capacities will come online in the west of China and shake up the market, spelling bad news for some international players.
Puerto Rico goes 100% renewable as Trump Administration calls for more gas
Governor Rosselló has signed legislation moving the island to 100% renewable energy, while both the Trump Administration and the island’s utility push for a greater dependence on gas.
