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Elon Musk has revealed that a Saudi sovereign wealth fund has approached him with a definite offer, and has announced advisors as the company forms a special committee.

The heatwave across Western Europe saw wind power 20% lower than usual while solar irradiance was 20% above average, according to Vaisala, a provider of measurement systems and equipment for meteorology. If this balancing effect is confirmed by further analysis, the technologies may ensure future energy supply by providing a diversified, ‘climate-resilient’ portfolio.

Module manufacturing giant Canadian Solar shipped 1.7 GW of modules in the second quarter of 2018, a 23.7% increase on the previous quarter, according to the company’s latest update. Net revenue, however, fell more than 50% quarter-on-quarter with the company blaming fewer project sales and lower module prices.

In the first half of the year, the PV equipment manufacturer recorded a significant increase in sales. This was largely due to orders from the solar industry.

As the lira’s troubles continued to weigh on the markets today, it remained unclear how the country’s solar market will be affected. While the plunging currency fosters uncertainty – public enemy number one for investors – it could also create conditions for lower system costs and cheaper PV projects. Nevertheless, a serious slow-down for 2018 must be considered.

The Chinese PV manufacturer has proved to the European Commission that it does not use products from China at its Malaysian plant. Therefore, the commission has exempted these products from the applicable minimum import price regime.

Solar – and wind – will finally bring an element of environmental consciousness, and value for money, to the system charged with keeping the lights on in Britain. Is PV finally shaking off long-held fears about its intermittent nature?

The stay on the newly-proposed duty imposed by the Odisha High Court will offer relief to developers waiting to collect shipments from port. But companies must agree to pay the tariff at a later date if it is upheld by the judicial system.

With a group purchasing program securing hefty discounts for British households – and attracting thousands of potential customers as a result – solar has a viable business case no matter what further cuts the government throws at the industry.

German EPC company Cronimet has installed a 150 kW solar array to work alongside a 332 kWh battery storage system at a luxury lodge complex in a remote part of the African nation.