New products contribute to another record year for sustainable finance
BloombergNEF figures show financial vehicles linked to environmental and/or social benefits amounted to $247bn worldwide in 2018. The US led the way, almost entirely because state-backed mortgage provider Fannie Mae issued $19.8bn worth of green home loans.
India will tender 500 GW renewable capacity by 2028
Of that colossal sum, 350 GW would be for solar. India currently has installed renewable energy capacity of 75 GW with a further 46 GW under implementation.
Another NY legal firm files class action against JA Solar
Bronstein, Gewirtz & Grossman LLP claims JA Solar intended to relist on the Shenzhen exchange after merging with its holding company in July, but did not outline that intent when it asked U.S. shareholders to vote on the planned merger.
Law firm says JA Solar’s Nasdaq stockholders were left out of pocket by ‘backdoor listing’ in Shenzhen
A New York-based legal practice is preparing a class action lawsuit against the Shanghai-based manufacturer after it delisted from the NY exchange in July and then reappeared on its Chinese counterpart.
Tesla begins construction of GW factory in China
The US electric car maker wants to start production of its Model 3 in the Chinese factory. Next year, according to high-profile CEO Elon Musk, mass production of electric cars will start there.
Indian state of Andhra Pradesh targets 5 GW of solar under new policy
Under the new Solar Policy 2018 announced on Thursday, Andhra Pradesh has set a minimum target of 5 GW of newly installed PV power capacity over the next five years.
India floats 7.5 GW mega tender for Jammu & Kashmir
India’s Solar Energy Corporation of India has invited solar power developers to construct 7.5 GW grid connected projects in Leh and Kargil Districts in the state of Jammu & Kashmir under a competitive bidding process. Bid submission deadline is April 30. Tenders will be opened on the same day. The date of reverse auction will be advised at a later date.
GCL-Poly plans to sell wafer unit, expects $77.6 million loss for first 10 months of 2018
After the failed attempt to sell a majoritry stake in its main polysilicon unit, Jiangsu Zhongneng, the Chinese solar manufacturer has now agreed to sell its wafer unit Suzhou Kezhun to Huajun Holding Group for US$123.6 million. The operation is part of the company’s plan to focus on wafer manufacturing based on the diamond-wire sawing technology and shift production to low-cost locations.
2018: India’s year of failed tenders
Tariff ceilings, safeguard duties, a falling rupee and mandated manufacturing capacity turned 2018 into a year of annulled tenders, and no shows by bidders.
227 MW of solar green lit for Bangladesh
The government of Bangladesh this week approved proposals for setting up five solar based power plants, which will generate 227 MW of electricity in this power hungry country.
