Comtec Solar investors burned by falling stock price
Two subscribers who signed up to a 20% discounted shares subscription in mid June ended up yesterday paying almost the same percentage as a premium on the trading price of the stock.
Risen shines: Manufacturer starts work on 2.5 GW cell and module factory
The Chinese manufacturer is forging ahead with a new gigafactory despite a regulatory decision last year which halted its plans to raise a significant chunk of the costs by issuing convertible bonds. Risen expects to be back on the upswing when it confirms its first-half figures.
Construction begins on 25 MW floating array in Korea
South Korea’s largest PV project is scheduled for commissioning by next year. The project developer – Korean floating PV specialist Scotra – is also planning a 2.5 MW offshore solar project with the support of the government.
Tesla will rent you a solar array for $50/month
Elon Musk is trying just about everything to reimagine the solar business. But will this one work?
ANZ, CEFC deepen ties to help businesses invest in PV, EVs, storage
Australian banking and financial services giant ANZ has extended its collaboration with Sydney-based Clean Energy Finance Corp. via an additional $67.7 million financing commitment to help the nation’s businesses cut energy costs and reduce carbon emissions. The bank is also offering financial discounts for upgrades and new investments in solar PV, energy storage, electric vehicles and other technologies.
Mali launches tender for solar-plus-storage
The country’s agency for rural electrification is seeking proposals for a 1.3 MW solar project and a 1.5 MW/2 MWh storage system.
Molycop signs major solar-wind PPA in Australia
The Australian arm of global mining manufacturer Molycop has signed a long-term solar-wind offtake deal with electricity retailer Flow Power. Under the new partnership, Molycop will gain access to the ARENA Demand Response program.
Is a California solar+storage boom about to happen?
The California Independent System Operator has warned state regulators that there could be a 4.7 GW capacity shortfall in 2022, in the early evening hours of the annual peak demand events of September. The grid operator has suggested the alteration of water cooling laws, as well as increased procurement of resources.
DEWA to use solar to power new pumped-storage project
The Dubai Water and Electricity Authority will use energy from the gigawatt-scale Mohammed Bin Rashid Al Maktoum Solar Park to provide a new hydropower plant with pumped storage capacity. The state-owned utility has announced a number of innovations for the project in recent months, including plans for hydrogen and large-scale storage capacity.
Perpetum to build world’s largest solar carport in Belgium
The 20 MW plant will feature 62,750 solar panels. Installer Perpetum Energy plans to commission the project in the spring of 2020.
