SolarWorld Americas receives $6m cash lifeline
The U.S. arm of the troubled solar power company can expect to receive a $6 million infusion of cash from its lenders, which have also permitted the sale of non-operational assets.
Algeria’s 4 GW solar tender delayed, again
The country’s new minister for renewable energy said that a special committee for the tender will be now established, and that the results of the review will be published together with her new action plan for renewables.
EU greenlights Hungary’s incentive program for renewables
The European Commission said the support scheme is in line with its 2014 Guidelines on State Aid for Environmental Protection and Energy.
Clean energy spending in 2016 hits 43% share of total supply investment, finds IEA
The International Energy Agency’s World Energy Investment report sees global spending on energy fall by 12% overall in 2016, marking the second-consecutive year that investment has dropped as less money is poured into costly gas and oil infrastructure. Clean energy spending, meanwhile, is on the up.
Bulgarian solar market still halted by unfavorable regulatory framework
The eastern European country saw the addition of only a few hundreds kilowatts of PV over the past few years, and for 2017 just around 200 kW of new PV systems are expected to come online.
Korean firm to build 280 MW of floating PV capacity
Korea Rural Community Corp. has revealed plans to build up to 280 MW of floating solar capacity at three sites in South Korea by 2019.
Turkey’s Erdoğan threatens to not ratify the Paris climate accord
In another show off for Turkey’s populist president this weekend, Erdogan threatened global leaders that his country “will not ratify the Paris climate accord” if certain conditions are not met.
Poland contracts 4.725 TWh of power in renewable energy auction, Renesola awarded 42 MW of solar
Solar had likely the largest share of the 472 projects awarded in the auction, which was open to PV, wind and hydropower projects up to 1 MW.
Italy added 204 MW of PV in first five months of 2017
The Italian solar market has registered a 19% year-on-year growth in the first five months of this year. In May alone, newly installed PV power totaled 95.2 MW.
IFC invests $103m in India’s solar green bonds
The private sector financing arm of the World Bank has subscribed to India’s first official Green Bonds via a $103 million investment in L&T Infrastructure Finance Company, which is a subsidiary of L&T Finance Holdings.
