Valoe’s Lithuanian gamble rides on latest fundraising attempt
The Finnish solar manufacturer must raise €3.5 million from a convertible bond issued on Monday and which closes on December 18. Generate the cash and production is expected to start at the Solitek facility in Vilnius early next year. Fail, and (almost) all bets are off.
Solar to get largest share in Slovakian ‘renewables’ auctions
PV is expected to claim 44% of the clean energy capacity needed to generate 2.4 TWh of electricity in the next two years but potentially gas driven co-generation is also set for big gains. The Ministry of Economy could announce the first auction this year. Energy company Slovenský plynárenský priemysel will be the off-taker.
Hungary launches first renewables auction and tops 1.1 GW of solar
The EU member state added 418 MW of new solar in the first six months of the year and its energy regulator expects another 1.4 GW in the years ahead, as a result of the METAR incentives scheme introduced in 2017. The regulator has also announced a pilot renewables auction with the results expected early next year.
DTEK inaugurates 240 MW solar plant in Ukraine
The energy company wrapped up construction of the site in eight months. In March, DTEK commissioned a 200 MW site which was also installed in record time.
Russian Far East sees 75 MW of large scale solar come online
Five PV power plants, each with a generation capacity of 15 MW, were grid-connected in the Russian Republic of Buryatia and the Zabaikalsky Territory. The projects were built under a program which offers generators capacity payments and the ability to trade on the wholesale energy market.
European coal fleet will run at a loss of €6.57bn this year
Economic thinktank Carbon Tracker used financial modeling to determine the profitability of every coal power plant in the EU. On average, 79% of the facilities run at a loss, with Germany, Spain and Czechia among the states particularly exposed to the consequences – for coal investors and the public.
Risen profits for HJT manufacturer
Ukraine’s favorite solar module manufacturer has posted another encouraging set of returns, after a difficult year in 2018. And Risen – which boasted 6.6 GW of annual production capacity at the end of last year, according to analysts at PV InfoLink – is committed to adding another 2.5 GW before 2022.
Jinko launches Tiger module Down Under
The Chinese manufacturer has officially unveiled its high-efficiency product in Melbourne after celebrating a 13.6 MW panel order from the nascent Hungarian PV market.
Uzbekistan announces tender for up to 900 MW of solar
The central Asian nation and the International Finance Corporation have signed a mandate to develop up to 900 MW of solar capacity through public-private partnerships.
Completion of 390 MW Benban projects crowns impressive quarter for Scatec Solar
With power production up 133% year-on-year, revenues and EBITDA also rose significantly.
