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COVID-19

China’s Covid recovery saw green bond issuance rebound in second half of 2020

The $18bn worth of sustainable finance instruments floated in the nation last year marked a retreat from previous highs but, with most of the bonds issued from July onwards, the recovery is under way, according to the IFC, which is anticipating a more-than-$100 billion sector in emerging markets over the next three years.

African solar installers feel the pinch of rising panel prices

With Chinese manufacturers having warned they will pass on escalating component costs, and shipping expenses soaring since last summer, the rising price of solar is forcing some installers to redraft quotes, pv magazine has discovered.

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India’s solar imports dipped 75% in ten months

Covid-19 disruption has been cited as the chief culprit as imports from China, Thailand and Vietnam slumped from April to January, but safeguarding duty also appears to have had an impact, with unaffected imports from nations such as Myanmar, Chad and Russia on the rise and Malaysian trade keeping steady.

GCL confirms thumping annual loss for 2020

The polysilicon maker lurched from a $17m profit in 2019 to a $960 million loss last year, according to an unaudited extract from its overdue annual figures. Publication is being held up by an auditor enquiry relating to a $71m abandoned-production-project pre-payment which appears to be either owed by, or to, a GCL subsidiary.

EIB and Greece agree first in EU to co-manage €5 bln of recovery plan

The European Investment Bank and Greece this week signed a first-of-its-kind agreement to jointly manage €5 billion of investment concerned with the EU member state’s post-Covid recovery plan. The strategy has a key focus on green energy.

UK added 175 MW of solar in first quarter

More than 7% of the U.K.’s solar generation capacity is now unsubsidized, according to trade body Solar Energy UK, with the nation reaching more than 14 GW of photovoltaic projects during the first three months of the year.

Focus of off-grid funding shifts in Africa

West Africa hogged more than twice as much investment as the east in a year which saw stock market backing plunge an ‘alarming’ 46%, leaving donor grant funding and debt to pick up the slack during a Covid-hit year, according to off-grid industry body GOGLA.

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Solar changing shape of electricity prices in Northern Europe

Rising volumes of photovoltaic project capacity are increasing the incidence of negative price periods for electricity–and changing the times of day when they occur.

Chinese solar glass companies enjoy bountiful reporting season

An ‘explosive’, ‘booming’ global solar market in the second half of a Covid-hit 2020 saw the previous glass manufacturing overcapacity reversed, as float and auto glass producers bent all their efforts on making material for PV modules.

Chinese solar company highlights credit downgrades of state-owned entities

A record number of defaults last year has spooked some lenders, according to Solargiga, but the solar manufacturer has announced ambitious plans to ramp production capacity this year and next.

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