WFES: ISA signs letters of intent for $5bn financing, nine solar projects across five member states
This week’s World Future Energy Summit (WFES) saw a letter of intent inked at the International Solar Alliance’s (ISA’s) pavilion to secure financing of up to US$5 billion with India’s YES Bank by 2030. The organization also signed deals for nine solar projects across five ISA member countries, including in the UAE, Saudi Arabia, Nigeria, India and Spain.
Taiwan’s UREC to receive government backing, will shift focus to downstream PV
The Taiwanese Government is set to invest in the United Renewable Energy Company (UREC), which is expected to be officially formed in Q3 2018 by solar cell makers, Neo Solar Power (NSP), Gintech Energy and Solartech Energy. The new company will shift focus from cell manufacturing to downstream solar PV.
UK: Shell signs 5 year private PPA with BSR for 69.8 MW solar project – comment
Shell Energy Europe Ltd has signed a five year power purchase agreement (PPA) with British Solar renewables (BSR), for the off-take of energy from England’s largest solar PV power plant.
Japan’s NPC swings to profit in Q1 of fiscal 2018
The Japanese equipment provider also reports an increase in its sales and operating result in the period; and said its machinery business was almost as planned in the quarter, due to steady sales of PV module manufacturing equipment and automated machines.
Meyer Burger achieves highest order intake in six years
According to preliminary financial figures released today, Swiss equipment provider Meyer Burger has registered a slight increase in sales for the full year 2017, improving on its 2016 net result. Nevertheless, the company is still reckoning with a significant loss for the year.
Montenegro to halt renewable energy licenses; continues deployment of off-grid PV
Noting that it is close to reaching its 33% renewable energy target, Montenegro’s Ministry of Economy has said it will not issue any more licenses for renewable energy projects. It has, however, launched the third phase of deployment of solar PV systems for un-electrified households in secluded mountainous areas.
Fotowatio closes financing for 342 MW of solar in Mexico
The solar unit of UAE-based Abdul Latif Jameel Energy will build the giant PV plant in the Mexican state of San Luis de Potosí. The facility is expected to start delivering power in 2019.
Chinese researchers develop new gas-solid perovskite process
In another attempt at cracking the perovskite stability problem, scientists from China’s Liaocheng University and Hefei University of Technology have developed a new gas-solid process for the creation of perovskite thin films, which they say can lead to improved stability and response time.
Total completes solar plant at its biorefinery in France
The 8 MW facility is relying on solar modules from the group’s unit, SunPower.
TÜV Rheinland: Centralized tracker architecture can reduce LCOE
A report published by TÜV Rheinland, which was commissioned by tracker manufacturer, Array Technologies, shows that centralized tracker systems such as those offered by Array Technologies offer an LCOE advantage over other, decentralized system architectures.
