The heavily indebted solar project developer has revealed the state-backed element of two trailed fire sales of 636 MW of solar and wind project portfolios in China. The divestments will generate up to RMB450 million for the company while recognizing RMB200 million in losses on its investments.
European partners have submitted a joint proposal to use EU-made solar modules and wind turbines to power green hydrogen for use by heavy industry. The partners hope to secure designated status and backing from the bloc’s deep coffers.
In a bid to reduce its carbon footprint the oil giant is ramping up its renewable energy production at a refinery in the Philippines. The news was announced by the company in a week which saw it named seventh worst corporate contributor to the climate crisis since awareness of emissions-related damage first emerged.
The PV project developer and BIPV manufacturer has seen a glowing set of first-half figures published last year become a nightmare of lost income, debt defaults and frozen bank deposits. All eyes now turn to the business’ high court date on Wednesday.
The German Energy Agency has drawn up a list of proposed measures which it says could help the world’s biggest solar market accelerate its clean energy plans through the adoption of subsidy-free – private – power purchase agreements.
The offer was apparently submitted by Saudi energy giant ACWA Power, which refused to confirm the bid when asked by pv magazine. The second lowest bid – $0.0175/kWh – was reportedly submitted by a consortium formed by Emirati developer Masdar, French utility EDF and Chinese PV panel maker Jinko Power.
After emerging as the recipient of most of the Brazilian government’s public allocation of generation capacity, the Canadian-Chinese manufacturer has secured a large share of projects in auctions held by power companies Copel and, probably, Cemig.
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