The sustainable lithium-ion battery manufacturer wants to secure raw materials to recycle into its products and will tap one of the world’s most advanced electric vehicle markets for its end-of-life batteries.
The government has announced a plan to deploy new PV capacity at a mega site over the next four years. Around 800 MW of capacity is expected to be tendered annually up to 2024. To be eligible, it is anticipated all modules, cables and mounting structures must have been made in Algeria.
The state-owned construction business which saved Singyes Solar with a US$200 million bail-out is now preparing to invest in a 75% stake in debt-saddled peer China Solar, whose shares have been unlisted since August 2013.
Beijing Energy, which is among a bevy of public entities holding stakes in the developer, is proposing one of its subsidiaries offer $211 million of leasing options to debt-saddled Panda Green.
Matt Harper, chief commercial officer of newly-merged British-Canadian vanadium redox flow battery business Invinity Energy Systems has spoken to pv magazine about the VS3-022 Battery Unit it is marketing for grid scale solar-plus-storage projects and why it may be a better bet than lithium-ion.
The tariff is around $0.0021 lower than the $0.0156/kWh French oil giant Total and Japanese conglomerate Marubeni Corp offered in Qatar’s 800 MW tender in late January. French energy company EDF and Chinese solar company JinkoPower reportedly submitted the record bid in the UAE exercise.
The Polish solar industry is reportedly planning an offensive to claim a bigger slice of the domestic PV market. The idea was apparently floated by the head of a private renewable energy body.
The losers in a world which no longer runs on fossil fuels are obvious but the dividend from shrugging off hydrocarbon dependency will be spread around most of the world so it is the nations which are winning the cleantech manufacturing and intellectual property race which appear best positioned for the future.
The debt-saddled developer secured $125 million on a three-year basis from China Construction Bank which will help towards the $271 million it owes investors by the end of July.
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