Solar Markets & Finance News

UK-based solar investment company launches the first subsidy-free solar park
LSE-listed investment company NextEnergy Solar Fund has finished the construction of the first unsubsidized solar project in Great Britain.
Nov 15, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Grids, UK, Europe, subsidy-free, NextEnergy Solar Fund
Daqo expands polysilicon production and reduces cost below $7 per kilo
Daqo New Energy, major crystalline silicon manufacturer, got revenue of $83.9m and gross profit of $18.1m during Q3 of 2019. The new facility with 35,000MT production capacity is to be commissioned by the end of the year.
Nov 15, 2019 // Manufacturing News, Markets & Finance News, China, Asia, Daqo New Energy, crystalline silicon
Solaria gets €59.45 million from a Spanish banking group for a major solar project in Spain
Solaria has raised funds for deploying of four solar installations contracted to supply energy for Repsol. The project is going to be a huge step toward the manufacturer’s target of installing 3 gigawatts by 2023.
Nov 15, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Spain, Europe, Solaria Energia
Mirova raises €857m in Eurofideme 4 funding round for renewables
The investment manager is now Europe’s largest renewable energy fund. The €1.3 billion group already has a 1.8 GW generation portfolio.
Nov 15, 2019 // Markets & Finance News, Europe, Mirova, Eurofideme 4, Raphaël Lance
EU to help anchor lower price for floating solar power
The Fresher project, funded by the EU’s European Maritime and Fishery Fund, aims to develop better and cheaper mooring and anchoring systems for floating solar. The initiative is backed by Portugal utility EDP, which has recently begun to install floating projects.
Nov 15, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Floating PV, Spain, Sweden, floating PV, Europe, EMFF, utility EDP, João Maciel
Angola’s solar plans boosted by Italian oil giant Eni
The Italian oil and gas provider has signed a concession agreement with the government of the African oil country to build a 50 MW solar plant. The project is expected to be in the province of Namibe and will be part of the nation’s plan to deploy 600 MW of solar by 2022.
Nov 14, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Africa, Angola, Eni, Solenova
Canadian Solar sees turnover and profits retreat
The Chinese-Canadian manufacturer reported a 1% decrease in sales in the third quarter, with net profit falling 19%, to US$55.2 million. Quarterly shipments were up significantly year on year, from 1.59 GW in July-to-September last year to 2,387 MW this time around. The company expects to ship up to 8.5 GW of panels and achieve turnover of up to US$3.16 billion this year.
Nov 13, 2019 // Manufacturing News, Markets & Finance News, Canada, Canadian Solar, China, Asia, North America, Yan Zhuang
Spanish Grenergy announces major banks for 103-megawatt bifacial solar solution in Chile
A few Chilean major banks have united to support a bifacial PV system in Northern Chile's Atacama Desert, currently being constructed in the area listed among the planet’s driest inhabited places.
Nov 13, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Chile, South america, Bifacial PV, Grenergy Renovables
RWE contracts for 30-year-long solar power supply to USA
Last Wednesday, Rheinisch-Westfälisches Elektrizitätswerk stated concluding a 30-year-long purchase agreement to supply solar power generated at the 195MW Broken Spoke solar station to Georgia Power.
Nov 11, 2019 // Markets & Finance News, USA, Georgia Power, Europe, North America, Rheinisch-Westfälisches Elektrizitätswerk, Broken Spoke
McDonald’s is purchasing 380 megawatts of renewable power from Texas-based projects
McDonald’s signed two purchase agreements for 380 megawatts of renewable energy total capacity. The fast-food company is going to buy power produced by Aviator Wind as well as a large-scale solar project. Both facilities are located in Texas.
Nov 9, 2019 // Markets & Finance News, USA, North America, McDonald
Los Angeles signs a 25-year-lasting purchase agreement for solar power from Kern County facility
LA is rushing to renewable energy. The city has just approved a contract with a 25 year term to get powered by a solar plant in Kern County. The project is being implemented in the framework of the Global Green New Deal.
Nov 8, 2019 // Plants, Large-Scale, Commercial, Residential, Markets & Finance News, USA, North America, Los Angeles, Kern County
Shell Energy is the only purchaser of Californian solar park 200-megawatt capacity
EDP Renewables, a Spain-based energy company, via the subsidiary in North America along with Shell Energy signed an agreement, with a term of fifteen years, for a 200-megawatt power system – Sandrini Solar Park.
Nov 8, 2019 // Markets & Finance News, USA, Spain, Europe, EDP Renewables, North America, shell, Shell Energy, REC
Tuvalu receives a $6 million grant for renewable energy goals
Asian Development Bank allocates a grant for the country in South Pacific to help it reach its goal to become fully renewable in 2025.
Nov 7, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Storage, Rooftop PV, Australia, Asia, rooftop PV, Oceania, Tuvalu
Univergy Solar is starting major solar power projects in Zambia
Univergy International headquartered in Spain and Japan is planning to invest over $200 million in two photovoltaic projects in Zambia.
Nov 7, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Spain, Europe, Africa, zambia, Univergy International
Chhattisgarh Floats Tenders for 5,000 Solar Pumps and 700 Solar Trees
The Chhattisgarh State Renewable Energy Development Agency (CREDA) has issued two tenders for the supply and installation of 5,000 small solar irrigation pumps and 700 solar trees in the state.
Nov 7, 2019 // BIPV, Technology, Markets & Finance News, India, Asia, tenders, CREDA, pumps, solar trees