The debt-saddled developer now has to hope its latest, $230 million state bail-out goes ahead before summer or it will be left $260 million in hock to its Beijing-owned main shareholder.
The scale of fossil fuel deals signed between African governments and U.K. oil and gas interests reportedly amounted to more than 11 times the volume of renewable energy commitments as Britain scrambles for post-Brexit financial opportunities.
A report from Dutch grid operator TenneT and gas business Gasunie suggests the companies should jointly develop infrastructure after 2030. With hydrogen and synthetic methane in demand, electricity and gas will become increasingly inter-linked. Only seamless integration of the two networks would enable the EU to achieve its net-zero-carbon 2050 plan.
The body responsible for state-owned assets in the Chinese port city of Tianjin has approved plans to sell all or part of the solar manufacturer to outside investors – although the rumored beneficiary is thought to be partially state-owned itself.
The resulting project will sell power to Qatar General Electricity and Water Corp under a 25-year power supply deal. French oil and gas giant Total and Japanese conglomerate Marubeni will hold a combined 40% stake in the power plant, which will be built near Doha, the Qatari capital.
Panda Green today said delays acquiring the necessary approvals were responsible for holding up its critical HK$1.79 billion lifeline but the deadline for completion had originally been put back to coincide with publication of the results of a debt restructuring proposal which ultimately tempted less than a third of note holders.
The German renewables group and brewer Anheuser-Busch InBev claim the transaction is the largest pan-European solar power deal with an industrial client to date. The companies have already agreed on a virtual power purchase agreement related to two Spanish PV plants that are scheduled for grid connection by spring 2022.
A joint venture with Japanese peers Toshiba and Denso will make the investment in the Gujarat plant over the 2021-25 period, having pumped $174 million into the first phase of development.
The PV manufacturer announced the development of the new solar panels, which feature new M12 series monocrystalline wafers, at a conference on Thursday in the Chinese city of Ningbo. The 50-cell modules are actually slightly bigger than 72-cell designs with 156.75 mm wafers, it said.
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