Zimbabwe launches 235 MW solar tender
The Infrastructure Development Bank of Zimbabwe has issued a request for proposal to seek partners for the development and construction of seven solar parks, with a combined generation capacity of 235 MW, plus two mini-hydro power projects.
Eric Luo: China will see just 20-25 GW of solar per year through 2025
The GCL System chief executive made comments that fly in the face of an expected solar gold rush in China that analysts predict will start this month. Though rising overseas demand will address overcapacity fears, according to Luo, the soundbite is sure to chill PV boardrooms across the world’s biggest solar market.
State-owned Panda Green set to open new credit lines
The debt-saddled developer has announced it is now almost 63% owned by Chinese state entities and is seeking to refinance its debt pile with new long-term arrangements, take on fresh debt and issue more shares.
RES battery prevented complete blackout in the UK
On August 9, a thunderstorm caused 1.5 GW of generation capacity to go offline within seconds in the U.K. The incident caused millions of households to temporarily lose power but the situation could have been considerably worse if not for the country’s battery storage reserves.
Philippines city prepares for 50 MW solar project first
Bacolod is expected to host its first large scale PV project within a year after domestic renewables firm Amatera signed a deal with Korean business TPC Construction Corp.
GCL-Poly generates another $349m towards paying down debt
The polysilicon maker has turned a quick $160 million profit from the sale of its stake in a fund it paid $189 million to establish just five months ago. The heavily indebted manufacturer needs to raise funds to pay for its production capacity expenditure.
Japan’s largest floating PV plant catches fire after Typhoon Faxai impact
Kyocera’s 13.7 MW floating project at the Yamakura Dam was damaged by 120mph winds the typhoon brought to the coastal city of Chiba. Firefighters said the blaze may have been generated by the strong heat produced by panels stacking up.
Softbank injects another $10m into Swedish dye-sensitized solar specialist Exeger
The Japanese multinational lender is making its second investment in the Swedish start-up. The funds will help the company ship its first products next year.
Central Bank of Brazil wants to buy power through solar leasing
Brazil’s biggest lender has launched three tenders to select solar facilities to supply it with power through leasing. The central bank expects to buy around 4 GWh of electricity per year for the Federal District and another 2 GWh in the states of Goiás and Pará.
Colombian renewables auction attracts 53 bids from 27 companies
Canadian Solar, Acciona, Enel, EDF, Solarpack and Trina are among the contenders to develop large scale renewables projects. Some 26 power distributors are participating in the procurement as buyers.
