Policy

Two high-profile bankruptcies this year could serve as a warning for the potential pitfalls of pay-as-you-go and small scale, off-grid solar. However, Marcus Wiemann and David Lecoque of the Alliance for Rural Electrification say such business models can lead to long-term success and have a key role to play in providing power to the 1 billion people throughout the world who still live without electricity.

The Chinese e-mobility company has been hammered since Beijing’s abrupt reduction of electric vehicle subsidies in the summer. Korean outfit LG Chem’s shipment volumes have gone in the opposite direction.

Ukrainian energy market reforms are continuing and amid uncertainty about future auction mechanisms and prices, attendees at the SEF Kyiv sustainable energy forum again called out the government for dragging its heels on the legislation. However, there was also evident optimism at the show.

The Chinese solar manufacturer today admitted it is in talks with its lenders and strategic investors about a break up of the company after its 2018 annual accounts revealed an apparently unserviceable debt pile. Any strategic investor is likely to constitute a Chinese state-backed bail-out.

Shareholders in the heavily-indebted solar project EPC and building-integrated PV manufacturer will vote on the last day of the month on the proposed takeover of the business by a Chinese state-backed entity. No news has emerged of a winding-up order due to be heard yesterday.

A report published recently by the United Kingdom’s National Infrastructure Commission says that the UK’s regulatory system must “adapt to meet the demands of the future” by providing new powers for regulators to ensure utility investments in sustainable infrastructure. The report notes that without such powers, the country will be unlikely to meet its target of zero emissions by 2050.

The German utility has finalized its investment plan for the massive PV array, which will be built in the state of Brandenburg from the start of 2020. It first announced the project — the largest subsidy-free PV plant under development in Germany thus far — back in the spring.

The Australian Energy Market Commission (AEMC) has released a new paper outlining a blueprint to coordinate generation and transmission investments. The draft proposal seeks to overhaul wholesale pricing and transmission access to lower electricity costs and the ever-increasing risks inherent in getting new renewable energy generation capacity into the network.