Solar Markets & Finance News

Private equity giant Carlyle Group intends to invest US$100 million in developing, acquiring, financing and operating US solar projects through a new partnership with Missouri-based firm Alchemy Renewables.

Think tank the Australia Institute has urged Prime Minister Scott Morrison’s federal government to carve out fresh funding for the Australia Renewable Energy Agency (ARENA) in its 2022-23 and 2023-24 budgets.

Rising interconnection costs and constraints are impacting Japan’s ability to contract large-scale solar capacity, according to a project winner in the country’s latest PV auction.

Only one 5 MW solar project was selected in the 500 MW auction, while wind project developers secured the remaining 495 MW. Final price for the selected solar park was €50/MWh.

Former Governor of New York George Pataki has welcomed the possible siting and construction of a vanadium redox flow battery (VRB) factory in the state.

Total Quadran has enlisted a French financier to pump new capital into an up-and-running renewable energy portfolio, split between 40-plus projects across the country.

Major polysilicon producer Wacker Chemie has reported preliminary full-year 2019 financial results, highlighting higher than previously guided asset impairment charges on its polysilicon division as ASPs (Average Selling Price) remain at record lows leading to an EBITDA loss of €55 million.

Japan has awarded just 39.8MW of PV capacity in its fifth solar auction, despite there being more than 416MW initially on offer.

New-build solar and wind could outcompete most existing fossil fuels by 2025, NextEra Energy executives have predicted even as they described storage-only ventures as a worthy venture.

European investor Foresight Group expects to “rapidly” deploy the proceeds of its latest fund raise, targeting renewables, flexible infrastructure and grids across Europe.

NTPC Ltd has issued a tender for the biennial O&M contract for the 10 MW solar PV plant at the NTPC-Ramagundam in Telangana for 2020-22.

CEL has issued a tender for the commissioning of solar rooftop plants of cumulative capacity 1.6 MW in various government buildings in Tamil Nadu

The Central Electronics Limited (CEL), a public sector enterprise, has invited bids to supply 100,000 monocrystalline solar cells.

Only 39.8 MW of PV projects were allocated in the fifth round of Japan’s procurement program for large-scale solar. The lowest price offered was ¥10.99/kWh ($0.10) and the highest ¥13.0, for an average price of ¥12.57.

A Qatar utility has secured what it claims is a world record-breaking tariff of QAR0.0571/kWh (US$0.01569/kWh) under a tender for the country’s utility-scale debut, beating last year's low price milestones in Portugal and Dubai.