SMA posts first-quarter loss
Sales revenue declined at the start of the year despite steady inverter shipments. The reverse was mainly due to sluggish project business and SMA is predicting significant increases in sales and earnings in the second half.
REC Silicon moves nearer shutdown of US polysilicon facility
The company has reported declining revenues and increasing losses in its first-quarter update. A plan to reduce polysilicon production will begin in a week’s time and if access to the Chinese market is not restored, a complete shutdown could be in place by the end of June.
Spain’s Balearic Islands to host 10 MW hydrogen project
The green hydrogen production plant planned for the Lloseta industrial area will be a pioneer project for Spain and Europe, say regional government officials, and is scheduled to start operating from 2021.
Flat out: PV glass maker pulls out the stops to expand production
Flat Glass wants shareholders to back a $213 million convertible bond issue to provide the cash to raise its PV glass production capacity to 1.65 million tons per year. The company has already ramped up output so fast it is running short of funds.
Netherlands to issue green bonds worth up to €6 billion
On May 21, the triple-A rated nation will issue 20-year bonds for sustainable investments undertaken by its government. Eligible projects will include large scale renewable energy plants developed under the SDE+ incentive program.
New factory-focused solar tender in the offing for India
With last year’s embarrassing manufacturing-linked capacity tender limping along, it has been reported the Indian government – whichever form it takes after the current elections – is considering another tender to incentivize the establishment of a domestic solar industry.
EDF commissions ‘France’s largest collective self-consumption PV project’
A social housing development of 100 dwellings will benefit from the electricity generated by 600 sq meters of PV panels. Any output not used by residents will power hot water tanks, effectively functioning as an energy storage element of the project.
Taiwan’s PV industry to become a GW scale market: The obstacles and opportunities
To keep up with the global shift to renewable energies, the Taiwanese Government has passed the first large set of amendments to its Renewable Energy Development Act since the legislation’s inception in 2009. The amendment bill passed its third reading on April 12, 2019, and was designed to optimize the renewable energy environment, to keep up with the changes to the Electricity Act and to increase civic engagement.
Australian school pioneers renewable PPA to reduce power bills
Echoing a growing appetite for corporate renewable power purchase agreements in Australia, Ascham School has become the first in New South Wales to ink a long-term deal with commercial electricity retailer Flow Power.
UK mulls 15% rise in VAT rates that would hit residential solar and storage
Having declared a climate emergency last week, the U.K. government is considering raising VAT rates from 5% to 20% on ‘energy saving materials’ in the home. While the tax authorities are blaming Europe, trade body the REA has pointed out the 5% rate would still apply for coal used for domestic heating.
