Xinyi Solar completes shares issue to finance new glass capacity
The Wuhu-based solar glass maker and PV project developer expects to raise around $167 million to expand operations after diluting stock by issuing shares equivalent to just under 5% of the business.
Saudi Arabia’s 1.5 GW tender attracted more than 250 companies
More than 100 domestic companies are reportedly in the running for a seven-project portfolio that is expected to generate around $1.5 billion of investment – and they will fancy their chances against overseas developers.
Smart electrification 36% cheaper than green hydrogen in Europe
A report commissioned by the European Climate Foundation suggests a fossil fuel-free energy system in Europe by 2050 should largely rely on smart electrification and energy efficiency. Green hydrogen deployment, the report finds, would require prohibitively expensive infrastructure investment.
New Mexico will be the third US state to go 100% renewable
With the passage of the Energy Transition Act in both houses of New Mexico’s legislature, the state is poised to join California and Hawaii in setting a mandate to fully decarbonize its electricity system by 2045.
Ikea tests rooftop PV and blockchain on miniature wooden village
The Solarville project, by Ikea’s Danish research and design laboratory, has seen the participation of blockchain companies such as Bloc, Blocktech, WeMoveIdeas India and Temporal. It was conceived to help create cooperative community micro-grids to enable homeowners to become clean energy traders.
After a tough 2018, US solar is getting ready for a major boom
Definitive data from analyst Wood Mackenzie and the Solar Energy Industries Association show tariffs taking a bite out of the U.S. market, but also a near-record number of new projects under contract.
Poly maker Daqo presents a blockbusting set of figures
Profits and revenues were down in a year which saw average selling prices slump – especially after the turbulence in the Chinese market – but the company’s hell-for-leather dash for production capacity expansion and aggressive cost cutting mitigated the ill effects. And there is more to come in the year ahead.
ITRPV tenth edition: Module prices fell almost a third in 2018
German engineering association the VDMA expects PV system prices to continue to fall, as set out in the latest International Technology Roadmap for Photovoltaics report. Falling production costs and rising cell and module performance levels will secure long term competitiveness for PV in the energy mix, says the report. VDMA estimates global production capacity for PV modules reached 150 GW last year.
Poland’s PV capacity reaches 486.5 MW
With more than 200 MW of newly installed PV, 2018 was a record year for Polish solar. Of the nation’s total PV capacity, 339.5 MW comes from 50 kW or smaller arrays.
Eni uses solar to power oil and gas fields in Pakistan and Tunisia
The Italian energy company has started construction of a 10 MW solar plant at its Bhit gas field in Pakistan and a 5 MW facility at the ADAM oil concession in Tunisia. It has also begun work on a 30 MW solar plant at its industrial site in Sassari, Italy.
