The project developer trumpeted its return to the black in the second quarter and appears set to secure an $11 million cash injection from its main shareholder. It needs the cash to help settle a near-$29 million debt due for repayment in March.
The energy transition is accelerating, Ernst & Young global energy leader Benoit Laclau has warned grid operators, thanks to the confluence of digitization, decentralization and decarbonization. Traditional utilities must get with the program or be swept aside.
The Shanghai company’s decision to go forward as a pure play developer puts it at odds with its peers and the diminishing margins reported in its Q1 figures illustrate why it may prove to be a high-stakes gamble to bet against manufacturing.
With solar panels already installed on dozens of its buildings, the city of Sydney has upped the ante by vowing to source 100% of its electricity needs from solar PV and wind. The commitment was endorsed by city council last week, with a new 100% renewable electricity contract to be negotiated in the coming months.
Chicago may be the largest city in the U.S. to commit to 100% renewable energy and has set a 2035 target date. The famous city’s long association with nuclear power says a lot about the future of clean energy Statesside.
The CommUNITY project is being realized outside the U.K. regulatory framework, which does not permit power trading between electricity customers.
The money will be used to support a joint rooftop project developed by 12 municipalities in Southeast Brabant.
Local communities and cities to receive government aid to fund and manage green projects in government-backed bid to drastically reduce carbon emissions, reports the Guardian.
Minnesota installed 203 MW-DC of solar during the first quarter, adding to 207 MW deployed in 2016. The state is expecting to reach more than 800 MW of installed capacity by the end of this year.
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