GCL-Poly sells stake to back new polysilicon plant
GCL-Poly Energy has revealed plans to sell off a stake in a subsidiary that is building a massive polysilicon plant in northwestern China, while injecting CNY 2.99 billion ($452.1 million) of fresh capital into another group unit to strengthen the competitiveness of its monocrystalline silicon business.
IMEEI to acquire 60 MW solar stake in China for $73 million
Inner Mongolia Energy Engineering (IMEEI) has agreed to acquire stakes in two companies that own operational PV projects in China for a total of CNY 484.6 million (US$73.25 million).
ABB supplies inverters for 20 MW project in southern Egypt
The plant was installed in an area of Egypt’s Western Desert that is devoted to a governmental project to transform half a million acres of desert into arable land.
“Devastating” provision in US Senate tax bill could hobble the ITC
Renewable energy trade organizations in the U.S. are scrambling to stop the BEAT provision as the Senate’s tax bill hurtles towards a vote.
UK government backs national battery facility to tune of £80m
Partnership between Coventry City Council, University of Warwick’s WMG and Warwickshire Local Enterprise Partnership to receive sizable investment from British government to build and maintain world-leading storage research and production facility.
Australia’s North Territory backs 50% renewables plan, to boost home solar and batteries
The Northern Territory government has given broad support to a plan to transition the territory to 50 per cent renewable energy by 2030, and announced new funding for rooftop solar and grid upgrades, after the release of a Roadmap to Renewables report on Monday.
MBSB to finance 50 MW in Malaysia
Malaysia Building Society Berhad (MBSB) has agreed to provide up to 247 million ringgit (US$60.4 million) of Islamic financing to Solar Management (Seremban) Sdn Bhd to back the development of a 50 MW solar project in Peninsular Malaysia.
Germany develops hybrid compensation plant system combined with storage, converter
In the system, the research team combined energy storage with a very powerful converter that can influence the signal flow in the power grid. This should help reduce the number of individual systems that are used for system services and expand the use of storage.
Wales urges UK Government to renew solar, wind support
The Welsh Government, together with a number of local organizations, is calling for the U.K. Government to renew its support for solar and onshore wind development. In addition to reducing costs, it says these industries will help it survive a post-Brexit world.
NASA develops new tool to measure total solar irradiance
NASA is on course to more accurately monitor the level of solar irradiance that reaches the earth, with the launch of a instrument for the International Space Station.
