The sun shines brighter if the risks don’t cloud it
Finance in developing countries: Economics teaches that capital flows from where it is in surplus to where it is in demand. But that is not the case with renewable energy. The biggest pots of institutional capital in advanced economies are not shifting to developing ones. It is time to take a hard look and develop solutions that resolve this anomaly.
Cox Energy secures PPA for 660 MW of solar in Spain and Portugal
The power purchase agreement (PPA) relates to large-scale PV projects planned to be operational by 2020. The buyer of the power generated by the solar facilities is Spain’s power provider, Audax. 495 MW of the capacity will be located in Spain, while the remaining 165 MW will be installed in Portugal.
Schletter files for insolvency under self-administration
The German PV company aims to finalize the proceedings, which are possible under German insolvency law since the summer of 2012. Business operations are expected to run at full capacity.
1.2 GW solar project at area of Chernobyl’s nuclear disaster is doable – Engie
The feasibility study was conducted by France’s Tractebel Engineering SA. The authors of the report concluded that the 1.2 GW solar park is feasible, despite the current radioactive contamination levels in the area.
Spain to again host solar cell manufacturing
The production unit of Spain’s five-year idled solar cell maker, Cel Celis has been acquired by Bashmor Engineering. The new investor plans to restart manufacturing activities at the factory in Bembimbre, and to double capacity to 70 MW within a year.
Tenaga Nasional signs PPAs for 60 MW in Malaysia
Tenaga Nasional Bhd. has signed power purchase agreements (PPAs) for two large-scale, grid-connected solar projects in Malaysia.
World Bank approves another $250 million guarantee to support renewables in Argentina
This new transaction is intended to support projects selected in Round 3 of Argentina’s renewable energy program for large-scale projects. The funds are expected to leverage private investments for an amount that should be nine times higher than the value of the guarantee.
SunPower’s exemption filing strikes to heart of trade dispute
The company, noting its substantial investment in U.S. research and development as well as tools, has further hinted that it may establish U.S. manufacturing for its P-Series modules.
NexTracker provides trackers for Latin America’s largest PV project
The solar trackers made by the U.S. manufacturer will be used for the construction of the 754 MW Villanueva solar project in Torreón, in the Mexican state of Coahuila.
Eon wants to further develop solar DG
In a short chat with pv magazine, the head of Eon’s solar business in Germany, Sebastian Eisenberg has described how the German utility is planning to further develop its PV activities after the company’s recent plan to buy a majority stake in Innogy. The deal, in fact, envisages redistributing operations so that RWE focuses on the renewable energy business, while energy networks and customer solutions would be the responsibility of Eon.
