Hanergy welcomes latest policy noises to come out of Beijing
The thin-film manufacturer and project developer says the Chinese government’s package of measures to drive subsidy-free solar projects will ensure a proliferation of new capacity additions and consolidate the strength of big players like itself.
Argentina: World Bank $250 million guarantee for RenovAr program
The funds will be used by the Argentinian government for solar and other renewable energy projects selected in the third round of the program. The guarantee package was approved by the World Bank in March.
Mexico’s installed PV capacity tops 3 GW
The figure is represented by 39 utility-scale solar plants across 11 states and approximately 85,000 contracts for distributed-generation PV systems.
TrendForce forecasts 111 GW of new solar this year
The Taiwanese market research company said the effects of the 5/31 policy shift in China were less severe than expected, and in 2018 the global solar market grew 4.9%, with approximately 103 GW of new additions. This year, the solar demand is forecast to rise another 7.7%.
Power-to-X gains momentum on two fronts in Germany
Two power-to-gas projects promise to improve the technology. In Brandenburg, Edis and Gasag want to transform renewable power into hydrogen, driving sectoral coupling. And Sunfire has switched on its first co-electrolysis project.
Enel touts €1bn green bond and bags 70% of Polish demand response market
The energy giant’s finance subsidiary placed a bond in Europe to finance its renewable energy and infrastructure projects and secured 70% of Poland’s demand response capacity market for the 2021-2023 period, in the first auctions of their kind in the nation.
American utility PG&E set to file for chapter 11 bankruptcy
The Pacific Gas and Electric Company, founded 114 years ago, is filing for bankruptcy and may be broken up by regulators. None of which is good news for solar project owners holding contracts with the utility.
Investment funds scramble to acquire Indian giant’s 1 GW assets
Global Infra Partners, KKR, Brookfield, I Squared Capital and Macquarie are reported to be among those eyeing the renewable energy assets of debt riddled Infrastructure Leasing and Financial Services.
SolarNow to bring off-grid PV to 17,500 more Ugandan homes
The domestic company has cleared a third debt funding facility of $9 million with Kenya-based SunFunder, responsAbility and Oikocredit. The credit means 2.5 MW of off-grid capacity, enough to bring energy to 70.000 people.
UAE minister and OPEC chief says IRENA’s solar forecasts for Gulf nations will prove conservative
With the International Renewable Energy Agency’s number-crunchers predicting almost 5.4 GW of new solar across the six Gulf Cooperation Council nations today, Suhail Mohammed Faraj Al Mazroui said his nation alone would install 6-7 GW of new renewables capacity by 2024, as pv magazine editor-in-chief Jonathan Gifford reports.
