Zuma Energía reaches financial closing for two solar projects totaling 337 MW in Mexico
The two projects, which were awarded a long-term PPA in Mexico’s second power auction held in 2016, have received financial support of $294 million.
Foresight Group’s Australian PV power plant portfolio totals 250 MW
UK-based asset manager Foresight Group claims to have assembled the largest asset fleet of utility scale solar in Australia. After having acquired four solar projects in Queensland and initiated one Victorian project in less than two years, the fund noted that it had moved quickly to “capitalise on the opportunities.”
Solar remains largely unscathed as House tax bill passes
Though there are modifications to the hard-won investment tax credit step-down provisions, it appears the bill leaves the solar industry largely alone.
German Development Bank sets up €33 million credit facility to support renewables in Africa
The facility is planned to improve liquidity of developers of renewable energy projects up to 50 MW across Africa.
France plans 200 MW joint wind and solar auction
The French government, which has so far held separate auctions for the two leading renewable energy technologies, said joint tenders will help further reduce costs. The first auction will be open to projects not larger than 18 MW.
Belgium may add up to 18 GW of solar by 2040
Belgian grid operator Elia expects solar could reach 11.6 GW by 2030, especially if distributed generation and storage begin to see strong development.
ERG enters solar energy business with acquisition of 89 MW in Italy
The Italian wind energy specialist has acquired 100% of ForVei, a company that owns 30 PV plants across northern, central and southern Italy.
Polysilicon shortage in China drives 35% price spike, Bloomberg reports
Amid an unexpected shortage of a key raw material, solar manufacturers in China are now under pressure of higher costs and narrowing margins.
Mexico’s power auction pre-selects 16 bids with average price of $20.57/MWh and 2.56 GW of combined capacity
According to the auction’s preliminary results, solar may account for 55% of contracted power with 3.0 TWh. Final results will be announced on November 22.
Manz reports revenue and profit increase
The PV equipment manufacturer further improved its sales in the third quarter. The company said its CIGS orders are fully on schedule and will be included in the results of the fourth quarter.
