While solar is lauded as a cheap energy resource in OECD countries, the cost of financing PV projects in developing nations has impeded progress. Development banks and the Clean Technology Fund they finance have played a key role in providing access to cheap financing for clean energy projects in many markets.
Floating plants with capacities of 45 MW and 24 MW have been announced by Thailand’s largest power provider. They may be the first of nine projects at dams operated by the utility.
The bank continues its involvement in Thailands largest IPP B.Grimm, which is set to grow its renewable energy portfolio. According to ADB, the green bond proceeds will go to nine operational solar PV plants with a cumulative rating of 67.7 MW, and 30.8 MW that are currently still under construction.
Another German car manufacturer has announced ambitious electric vehicle plans. Daimler AG says it has invested €20 billion in the purchase of battery cells to further advance its electric fleet.
The International Renewable Energy Agency wants to unlock the PV potential of the Asia-Pacific region with technical and planning support. It says a better flow of knowledge is needed to close the gap on a regional aim of generating 23% of energy from renewables by 2025.
The Philippines-based energy company has signed the share purchase agreements to acquire a 15% stake in two Thai companies, which are building a 220 MW utility-scale solar power project in Myanmar.
Goldbeck Solar shares the unfortunate details of a botched module supply deal with China Sunergy. To date, Goldbeck Solar claims it is yet to receive a single module.
The 10 members of the Association of Southeast Asian Nations (ASEAN) are on track to make solar and other renewables account for 23% of the region’s total primary energy supply (TPES) by 2025, but governments will need to create better policy and investment frameworks to make it happen, according to the International Renewable Energy Agency (IRENA).
The U.S. President’s proclamation provides a path for specific products to apply for exemption from tariffs, which had been sought by both SunPower and the government of South Korea. Additionally, imports from a number of developing nations are exempt as long as import levels remain small.
China-based Jolywood (Taizhou) Solar Technology Co. Ltd. has signed an agreement with Thailand’s IMI Industries Co., Ltd, under which the IMI Group will distribute Jolywood’s double-glass bifacial PV modules to the Thai solar market.
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