Subsidy windfall helps GCL Poly eat into debt mountain
The Chinese manufacturer – which is gambling on a big rebound in global appetite for the raw material for PV panels materializing soon – will devote all of its $143m solar subsidy income to paying off a daunting amount of borrowing.
The reasons India’s 10 GW solar tender will not attract big developers
Big players such as Acme, ReNew, Adani, Azure, Hero Future and Aditya Birla Solar are likely to stay away from procurement which requires 3 GW annual manufacturing commitment, says industry insider Gopal Lal Somani.
Pakistan’s regulator to review two PV project proposals totaling 100 MW
Pakistan’s electricity regulator NEPRA will review a proposal for the construction of a 50 MW PV plant planned to sell power at approximately $0.071/kWh, while a second 50 MW project is expected to deliver power at a levelized tariff of $0.076/kWh.
Uttar Pradesh prepares to procure another 550 MW of solar
The Indian state has set an electricity price ceiling of INR3.10/kWh and reserved the right to cancel the auction if it doesn’t fancy the resulting tariff. Bidders can go for projects ranging in size from 5 MW up to the whole capacity on offer.
Iran’s operational PV capacity reaches 250 MW
According to new numbers released by Iran’s Renewable Energy and Energy Efficiency Organization (SATBA), renewable energies have reached a combined cumulative capacity of 650 MW, with solar representing a 39% of the total.
EU approves France’s new scheme for self-consumption
The European Commission has given the green light to €200 million in public support that will be provided by the French governmnet for approximately 490 MW of renewable energy capacity expected to be deployed under the self-consumption regime. The scheme will be based on technology-neutral tenders.
Hanergy Thin Film to return to China listing ahead of results of inquiry
The Hong Kong-based thin film manufacturer’s parent company may not be able to deliver mammoth panel orders on time, but looks set to arrange a HK$5/share deal to take the troublesome unit back in house and list it on the A-share index, in a move which will come as a relief to shareholders stuck with its stock since May 2015.
Cambodia needs solar to drive down electricity prices
According to the UNDP, a full economic evaluation of the costs and advantages of solar energy in the country is necessary, as Cambodia’s government is planning to expand its power system through coal and hydro.
Poland to see its first large-scale solar storage project
Project was developed by Chinese storage system provider and panel manker BYD. The system is linked to a 1 MW solar plant built by the same company.
Bill Gates to establish €100 million clean energy fund with EU
If plans are realized, the private-public investment vehicle will start investing in companies with green-tech innovations. The fund would be used to pursue technologies which could help the decarbonization of the economy but which have not received enough attention.
