Analysts expect stable prices along the PV value chain
Energy trend and PV Info Link assume little movement in prices for silicon, wafers, solar cells and modules in the coming weeks. The capacity adjustments of solar manufacturers, however, are set to continue.
Saudi Arabia to tender 2.22 GW of solar in 2019 and wants 40 GW in 2030
The Renewable Energy Project Development Office of Saudi Arabia is planning to tender 11 PV power projects with a combined capacity of 2,225 MW this year. The country’s solar target for 2023 has been revised up from 5.9 GW to 20 GW, and that for 2030 set at 40 GW.
China unveils an ambitious new push on grid parity solar
Beijing has outlined a series of policies mandating local and provincial authorities, state-owned banks and grid operators to pull out the stops to drive the rapid escalation of subsidy-free PV projects. The announcement has seen Chinese solar stocks on the rise.
Innogy’s Dutch unit moves to buy two solar installers
Dutch energy provider Essent has agreed to take over EnergieWonen Groep and ZON7, two Netherlands-based companies specializing in the supply and installation of rooftop PV, thus enhancing Essent’s sustainable development network.
Distributed solar tops 500 MW in Brazil
According to figures from solar association ABSolar, most of the installed capacity – 371.9 MW – was installed in 2018. Commercial PV dominates with 43.2% as cheaper modules and higher electricity tariffs, combined with an extensive net metering regime, continue to fuel installation rates.
Macquarie and India’s NTPC in race to buy Infrastructure Leasing and Financial Services’ assets
India’s leading infrastructure finance company expects to generate up to $1.14bn from wind and solar asset sales.
Solar money is all flowing downstream – in the West at least
Mercom Capital’s latest report on financial activity in the solar sector illustrates an increasing flow of capital towards downstream companies and PV projects – as well as a split between China and the rest of the world.
Volkswagen is all set to become a green energy supplier
The German car giant has created Elli, a subsidiary that will provide green power and charging solutions for the EV sector. Volkswagen – still haunted by the diesel emissions scandal – says it wants to make mobility sustainable.
World Bank injects $100 million to support solar in Pakistan
The funds will be used to implement the Sindh Solar Energy Project, a scheme aimed at increasing solar power generation and access to electricity in Sindh province.
New products contribute to another record year for sustainable finance
BloombergNEF figures show financial vehicles linked to environmental and/or social benefits amounted to $247bn worldwide in 2018. The US led the way, almost entirely because state-backed mortgage provider Fannie Mae issued $19.8bn worth of green home loans.
