GCL-Poly dilutes stock to raise $87m to keep on top of debts
The polysilicon and wafer maker has been busy raising cash of late by indulging in a fire sale of project assets. With plans for ever larger production capacities to fund, it has now announced the issue of new shares amounting to more than 8% of the existing stock.
Scatec Solar connects another batch of bifacial tracking capacity in Egypt’s Benban complex
Boasting 195 MW of bifacial-and-tracking capacity, Scatec Solar is halfway to its planned 400 MW target for the technology combination at the 1.8 GW Benban park. The remainder is likely to come online this year.
Scratching the surface of Brazil’s huge solar potential
Rodrigo Sauaia, CEO of Brazilian solar energy association ABSOLAR, analyzes the chances of PV in this year’s two energy auctions in which it can compete. But it is not all about auctions, Sauaia tells pv magazine, there are 2 GW of solar projects under development for which bilateral PPAs may be signed, and hundreds of MW worth of such schemes that have already secured contracts.
Indian developer Azure Power turns a full year profit
A profit is a profit, even if it amounts to less than $2,000, and the NYSE-listed developer appears to have turned the corner after a $14,700 loss a year ago. Borrowings are on the rise though, as the company plans to drum up an ever larger project portfolio.
Portugal’s 1.4 GW auction delayed to mid-July
Projects with capacity 10-50 MW can compete for grid connection with a voltage of 15-60 kV. Projects applying for a connection with a higher voltage will have to have more than 50 MW of generation capacity.
North Macedonia launches solar tenders for 35 MW of capacity
The government of the Balkan country is tendering several PV projects with a total generation capacity of 25 MW in Sveti Nikole and another 10 MW in Makedonski Brod, all on public land. Another tender, for 27 MW of capacity on private land, will be launched in the coming weeks.
An overview of the world’s largest solar parks
In the second of a series of four blogs, solar pioneer Philip Wolfe lists the world’s largest solar parks. In these articles, a ‘solar park’ is defined as a group of co-located solar power plants.
UK government may step in to impose minimum price for solar power sold to the grid
The launch of the U.K. Smart Export Guarantee regime today failed to include a price floor – as predicted by trade body the STA – but the government did not rule out future intervention. Commercial customers, however, still have no way of securing payment for their excess power.
Green hydrogen airs at G20 meeting of energy ministers this week
Hello hydrogen! A number of factors are floating renewably powered hydrogen to the top of the agenda for worldwide energy ministers. Australia is among the countries most favourably placed to turn hydrogen hype into the biggest source of decarbonized energy the world has yet seen.
Indian state of Telangana pitches for 5 GW lithium-ion battery plant
Following the launch of the Indian government’s 40 GW battery production plan for the states, Telangana has pitched for a 5 GW lithium ion plant by announcing the ready availability of 200 acres of land plus power and water for the fab at a concessional rate.
