Norway

Leclanché: Revenues doubled, EBITDA in the red

While revenues have doubled year on year, Leclanché says its EBITDA is suffering from high operational expenses and one-off payments. However, the goal to post a positive EBITDA by 2020 is on track, it adds.

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Norway’s Statkraft aims for 2 GW of solar by 2025

Norway’s state-owned hydropower and wind company plans to invest around NOK 10 billion (US$1.23 billion) in wind and solar between 2019 and 2025.

All aboard for another 26 ebuses as BYD announces latest sales

Chinese EV maker BYD passes the 600-sales mark in Europe with a deal – announced at the International Motor Show – which also takes it past 100 sales in Scandinavia, and more than 35,000 worldwide.

Europe surpasses 1 million EV milestone

The market experienced strong growth in nearly all states. Scandinavian countries lead the charge, but Germany showed strong growth in the first half of 2018, analysts report. An uptake in EV sales might result in profound effects on their use as flexible storage units, recent reports and interviews suggest.

1.4 GW NordLink interconnector receives €100 million EIB hybrid securities purchase

The project connecting Germany and Norway was first conceived in 2015. The 624 km undersea cable will have a capacity of 1.4 GW, when operational in 2020. The EU is supporting the project and other grid infrastructure projects through its EFSI scheme to interconnect the European energy markets, for better renewable energy integration and improved security of supply.

Facebook likes clean energy as corporate purchasing sets record

The social media titan is the world’s biggest corporate buyer of renewable energy so far this year. BNEF figures show the company has already secured 1.1 GW of green power this year, helping the corporate world break last year’s landmark.

Revenues rise for Scatec Solar, as projects under construction surpass 1 GW

Norwegian project developer, Scatec Solar has posted increased revenues for the second consecutive quarter. The company states that this performance is primarily attributed to its increased development and construction activities, with more than 1 GW of projects under construction worldwide.

REC Silicon hit by falling demand in Q2

Norway headquartered polysilicon producer, REC Silicon posted a loss of US$9.6 million for the second quarter of 2018, amid reduced production and increasing inventory. The company’s Solar Materials segment was responsible for much of these losses, with decreased demand and ongoing trade wars cited as the cause.

Guyana secures financing for 100 MW solar project

The $80 million scheme is expected to be financed by the Inter-American Development Bank, with the support of the Norwegian government. The funds concerned were originally to be devoted to a hydropower project.

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China shakes PV world

The solar superpower’s departure from its ambitious PV targets has shaken the industry and put a dampener on share prices. Analysts from U.S. investment bank Roth Capital expect a module oversupply mountain of more than 30 GW as a result of the policy change.

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