Markets

In the latest installment of pv magazine’s renewable energy and geopolitics series, Indra Overland says a new mindset is necessary to understand the geopolitics ahead as the rules of the fossil fuel era will no longer apply. A renewable world will have fewer strategic locations and bottlenecks and less territorial competition.

Two reports have described how the world’s largest renewable energy market is moving towards maturity. According to the Brookings Institution, the Chinese clean energy market could become more open to Western investors and tech. A report by Fitch claims projects are moving back to inland provinces from coastal regions.

The state-owned State Power Investment Corp Ltd has received a bid of 25 cents per watt for monocrystalline panels in a tender to procure 3.04 GW of PV module capacity.

A new report by Wood Mackenzie and the American Wind Energy Association shows solar taking the favor of corporate renewable purchasers in 2021 and holding that crown to infinity and beyond.

The latest figures show the solar policy vacuum, and related dearth of demand in China earlier this year accelerated price reductions for cell makers. Although prices are expected to rebound in line with renewed thirst for solar in China, cell makers such as Tongwei are feeling the pain.

IndianOil is the nation’s largest refiner and supplies almost half of Indian demand. In its latest annual report the company has outlined plans to make electric vehicle charging points a feature of its petrol stations.

The heavily-indebted Chinese BIPV manufacturer has warned the petition issued by the German lender to recover a disputed $6.27 million debt could threaten the survival of the business as it would halt a planned bail-out by Beijing.

The Australian supermarket giant will purchase more than 70% of the electricity generated by three solar power plants to be built and operated by Metka EGN outside the regional centers of Wagga Wagga, Corowa and Junee, in the state of New South Wales – the equivalent of 10% of the company’s national electricity usage.

The utility has revealed plans to invest roughly $3 billion in the construction of a 5 GW solar park across two to three locations in the Kutch region of the Indian state of Gujarat. In a separate announcement, the New Delhi-based group opened global bidding to build 1.2 GW of grid-connected solar capacity throughout India.

Two subscribers who signed up to a 20% discounted shares subscription in mid June ended up yesterday paying almost the same percentage as a premium on the trading price of the stock.