Solargiga posts sharp net loss in 2018
Solargiga Energy Holdings has posted a net loss of CNY 222.4 million ($33.08 million) for 2018, a sharp reversal from the CNY 107.5 million net profit it recorded in the preceding 12-month period.
Hevel partners with Kyrgyz monocrystalline wafer manufacturer Astra
The agreement includes the possibility of establishing an industrial cluster for solar module manufacturing, as well as industrial and financial cooperation within the Eurasian Economic Union.
Ausgrid, Reposit Power launch VPP trial in Australia
Solar households that choose to participate in the trial in New South Wales will receive direct cash payments of up to AUD $135 ($95) per year, depending on the size of their battery systems.
Actis buys chunk of SP Infra’s solar portfolio
Shapoorji Pallonji Infrastructure Capital (SP Infra) has sold 194 MW of operational solar capacity to Sprng Energy, as a follow-up to its plan to divest part of its portfolio to redeploy capital for new PV projects.
NDB to provide $180m to Eskom for grid development
The New Development Bank has agreed to offer a $180 million loan with sovereign guarantee to Eskom. The utility, which is based just outside of Johannesburg, plans to build new infrastructure to integrate 670 MW of unspecified renewables into the South African grid.
Tunisia reveals winners of second 70 MW PV tender
The Tunisian government awarded contracts for six 10 MW solar projects in the country’s second solar tender. The tender process was launched last August.
Astronergy closes German module factory
The Chinese manufacturer first announced plans to close its manufacturing facility in Frankfurt (Oder) at the beginning of this year. About 40 people who worked at the factory will now shift over to a transfer company.
Germany deployed 1 GW of solar in first two months of 2019
Approximately 420 MW of solar power was newly installed in February. The strong growth for the first two months of the year was mainly due to the FIT cuts for commercial PV projects.
Goldman Sachs to snatch up 233 MW of C&I solar from SunPower
The transaction feeds the growing appetite of institutional investors for solar projects and provides SunPower with more cash.
North Macedonia issues tender for first large-scale PV plant
North Macedonia’s state-owned electric utility, ELEM, is tendering a 10 MW project which is being partly financed by the European Bank for Reconstruction and Development. The facility will be adjacent to Macedonia’s second thermal power plant, which produces around 10% of the country’s electricity.
