More details emerge of missing deposits as auditor reduces Panda Green’s 2019 losses
There was rare good news for the remaining independent shareholders of the state-controlled solar developer, as the overdue 2019 figures were finally published, with new auditor PwC shaving almost $15 million off a near-$540 million loss.
Daily news round-up: UK reveals details of next renewables auction, Iran’s first floating PV and more hydrogen
Taiwanese cell manufacturer Inventec Solar reportedly halted production this month and Ireland is preparing to remove rooftop solar panel restrictions, according to the Irish Independent.
China Three Gorges buys 570 MW of Spanish solar
The power company has won the race to acquire a 572 MW, 13-project solar plant portfolio owned by Madrid-based, Canadian-U.S.-controlled developer X-Elio.
Erdogan opens ingot-to-module solar factory in Ankara
The $1.4 billion cost includes a 1 GW solar field 260km away in Konya. The factory was developed solely by Kalyon Solar Technologies after development partner Hanwha Q-Cells walked away from the project.
Japan’s struggle to drive down renewables costs
A nation famous for high electricity prices has seen power costs fall 15% this year, according to analyst Wood Mackenzie, a figure which will help attract $100 billion of solar and wind investment to 2030. Renewables will have to work even harder, however, to displace fossil fuels in hydrogen production.
New business model to help utilities own and operate rooftop PV
Scientists from the Lawrence Berkeley National Laboratory in the U.S. have defined a utility-ownership model for rooftop PV they say could raise power company shareholder earnings 2-5%.
Modi loosens the purse strings to help India’s struggling state utilities
Covid-19 hits to demand and bill payment collection have worsened the plight of the nation’s already debt-crippled power distribution companies, prompting the government to order an exceptional relaxation of lending limits.
Covid-19 weekly round-up: Differing opinions on energy storage fall-out, a trade show update and some surprisingly positive financials
Negative second-quarter updates from China and uber-low new-solar figures from India, however, show the world is far from out of the woods yet.
Plans for Norwegian graphite battery factory
Norwegian polysilicon maker and silicon business Elkem is planning to build a manufacturing facility in Herøya.
The ‘rubber-band effect’ on renewable energy project margins
David Riester of Lacuna Sustainable Investments, looks at how, on the journey from concept to monetized power plant, renewables and energy storage projects tend to get tugged toward ‘zero’ margin, from either direction. The further the rubber band is stretched, the stronger the pull back toward zero.
