Engie comments on rumored plan to acquire EDP Renováveis
Engie has released a statement on the rumors that it was looking to invest in EDP Renováveis. Currently the Portuguese renewable energy company, and its parent, power utility EDP, are attracting international interest, also from Chinese state-owned power company China Three Gorges Corporation (CTG).
Madagascar sees its first solar park come online
The 20 MW facility will sell power to Madagascar’s state-owned utility, Jirama under a long-term PPA. Construction on the plant started in late 2016.
Construction underway on 350 MW of solar in Vietnam
Grimm Power and Xuan Cau began construction on two solar PV plants in the southern province of Tay Ninh.
IDB finances 60 MW PV project in Mexico with $37 million
The project is being developed by Spain’s X-Elio in the state of Guanajuato.
Société Générale acquires RE crowdfunding specialist Lumo
The Bordeaux-headquartered crowdfunding platform for solar and renewable energy projects has been active in France, mostly in the wind sector, since 2012.
Mongolia’s largest solar park comes online
The 15 MW solar PV plant was built by a Japanese consortium led by Sharp, in the Economic Development Zone of Zamyn-Üüd, in the province of Dornogovi.
Turkey: ‘Localisation’ trend dominates the energy sector
Turkey is going to the polls on Sunday, and many wonder whether president Recep Tayyip Erdoğan’s gamble on a snap election could backfire. Unless there is a shock at the ballot box though, the nation’s energy sector trends are unlikely to be challenged.
German PV equipment providers report dropping order intake
German PV production equipment manufacturers are recording a decline in incoming orders. Thin film technology, meanwhile, is seeing significant market share increases.
Global PV market to grow by another 621.7 GW by 2022, SolarPower Europe says
Global newly installed capacity for 2018 is forecast to reach 102.6 GW, of which “only” 39 GW are expected to come from China. Fourteen countries are expected to cross the GW threshold this year.
Residential, commercial PV drives solar demand in Italy
Solar has covered 5.8% of Italy’s power demand so far this year. Newly installed PV capacity for the first four months of this year, meanwhile, has reached 116 MW, around 6.4% up from the same period in 2017.
