Pumped hydro business sinks numbers for Chinese clean power developer
Be Clean Energy emphasized it was its wind power business that was the company’s 2021 success story, even though solar power sales revenue also jumped. Elsewhere, compatriot PV manufacturer Solargiga bounced back into profit last year.
‘African countries must unite to establish a green hydrogen economy’
Only by working together can African nations overcome the obstacles to exploiting their abundant renewables resources and producing affordable green hydrogen – for use at home and in a European economy keen to wean itself off Russian gas, an online event has been told.
Chinese PV Industry Brief: It’s boom time for solar in the world’s PV capital
Big numbers from polysilicon and cell maker Tongwei and the latest government statistics indicate the nation is in the midst of a flood of solar capacity additions at the moment.
World will need 5.2TW of solar this decade to avoid climate breakdown
The International Renewable Energy Agency’s latest global outlook has spelled out just how ‘woefully’ far the world is from capping temperature rises at 1.5C, and lamented: ‘The stimulus and recovery efforts associated with the pandemic have also proved a missed opportunity.’
GCL’s solar project business spells out how it slashed debts in 2021
The developer last year sold off 2.9GW of solar generation capacity to state-owned entities to reduce its debt pile by $1.76 billion and has another 298MW up for sale as it repeated its intent to switch to blue, and later, green hydrogen.
The sun is still shining on poly makers but solar developers struggling in China
Polysilicon maker Xinte is forging ahead with a huge expansion strategy just as solar developers at the opposite end of the industry continue to bleed cash.
African Development Bank offers local-currency credit to Nigeria’s clean power developers
Lack of locally-denominated finance, and of sufficiently long-term loans, are well established hurdles to the development of photovoltaics in Africa.
Commissioner experiences anger of MEPs at definition of gas and nuclear as sustainable
Members of the European Parliament accused Mairead McGuinness and the EU executive of insulting their institution by reversing their vote not to include nuclear in the sustainable investment taxonomy. The commissioner said the divisive energy sources will be needed to keep the lights on.
EU adds anti-subsidy duty to existing trade measures on Indian and Indonesian steel
The European Commission has alleged China offered cut-price finance to Indonesia, via Beijing’s Belt and Road drive, so Jakarta could develop domestic demand for stainless steel raw material nickel ore.
Masdar wants 200GW of renewables capacity
The state-owned UAE clean power developer appears to have quadrupled its previously announced ambition today as it announced its $20 billion renewables portfolio rose from 10.7GW to more than 15GW last year.
