Solar Markets & Finance News

REC Silicon hit by call-in of $17m loan related to failed wafer operation

Finnish lender Nordea has called in a NOK150 million indemnity loan thought to have been taken out by REC Silicon ASA as a result of the bankruptcy of its Norwegian wafer manufacturing arm seven years ago.

Dec 23, 2019 // Manufacturing News, Markets & Finance News, USA, Washington, Europe, North America, Norway, REC Silicon, Nordea

Tata Power to Acquire a Major Shareholding in Odisha’s Discom

After successfully entering Odisha, Tata Power Company Ltd has reportedly won a bid to purchase 51% of the entire stock in Odisha’s CESU (Central Electricity Supply Utility).

Dec 23, 2019 // Markets & Finance News, India, Asia, tata power, Praveer Sinha, CESU, DISCOM

ADB to Make $1 Billion Investment in Renewable Energy in the Pacific

ADB (Asian Development Bank) has revealed that it will invest $1 billion worth of its energy initiatives in the Pacific region from 2019 to 2021 to generate more renewable energy.

Dec 23, 2019 // Markets & Finance News, ADB, Renewable Energy, Pacific, Olly Norojono

TerniEnergia closes sale of 4.1 MW of Italian solar plants

TerniEnergia SpA (BIT:TER) has completed the divestment of four Italian solar power parks with a combined capacity of 4.1 MW to Mareccio Energia Srl in partnership with LCF Alliance.

Dec 23, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Italy, Europe, TerniEnergia SpA, LCF Alliance, Mareccio Energia Srl

Ellomay Capital offloads 22.6-MW Italian solar portfolio

Ellomay Capital Ltd (TASE:ELLO) on Monday said it has sold twelve solar power plants with a total capacity of 22.6 MW for EUR 38.7 million (USD 42.6m) in cash.

Dec 23, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Italy, Europe, Ellomay Capital Ltd, solar power plants, Ran Fridrich

AIIB to Invest $65 Mn in Hero Future’s 250 MW Solar Project in Raj

Beijing-headquartered multilateral development bank, Asian Infrastructure Investment Bank (AIIB) has approved the investment of USD 65 million in Hero Future Energies’ 250 MW solar power project in Jodhpur, Rajasthan.

Dec 23, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, India, Asia, Solar Power, AIIB, D.J. Pandian, Hero Future Energies, Jin Liqun

MSEDCL Gets one Bid for 5 MW in Response to 1350 MW Solar Tender

MSEDCL has revealed that it received only one bid for 5 MW in response to its tender for procurement of 1350 MW of solar power from 30 Circles.

Dec 23, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, India, tender, Asia, MSEDCL, MERC, MSEDCL Solar Tender, solar tender

An MoU is signed by Energy Efficiency Services Limited to promote E-mobility

Birghirathi Sustainability India has signed a memorandum of understanding with EESL. In the MOU, India is exploiting the possibility of promoting electric vehicles and e-mobility in India.

Dec 21, 2019 // Markets & Finance News, Transport, India, Asia, electric vehicles, EESL, MoU, Baghirathi Sustainability India

CEL ready to commission 44MW solar generation in Maharashtra

A tender for the commissioning of 44MW solar power generating projects is out. While issuing the tender, the Central Electronics Limited said that the systems will generate between 250kw -10MW at different locations in Maharashtra.

Dec 21, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, India, tender, Asia, CEL

Enora and 547 Energy Secure 135 MW Wind Energy Systems in Greece

547 Energy partners with Enora to secure a 20 year old contract for the building of a 135 MW Wind Energy to be sites at Central Mecedonia.

Dec 21, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Greece, Europe, 547 Energy, Enora, Wind Energy

Solar Service Group and Evergen Kicks of Projects To Promote Large-scale Deployment of VPP

Evergen and Solar Service Group have entered into a joint venture to connect a lot of residential batteries throughout the country.

Dec 21, 2019 // Technology, Residential, Markets & Finance News, Storage, Australia, Oceania, Evergen, Solar Service Grou, Ben Hutt, VPP

Tesla Kicks of Plan to Hide ‘Solar Test-house’ in Tents at Its California Site

CNBC has discovered that Tesla was given a building permit that will let the company to attach two canopy covers above their solar test sites. at the beginning of this year, Elen Musk had made it public that 2019 will be the year of solar roofs.

Dec 21, 2019 // Technology, Residential, Markets & Finance News, Policy, Rooftop PV, TESLA, CNBC, Elen Musk

Vietnam Will no Longer License Mass Solar Projects

A policy document that was made public recently, Hanoi has asked all regional governments and EVN to stop authoring the creation of new solar parks. Before now, about 8.93 GW utility solar energy capacity was approved.

Dec 21, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Policy, pv power plants, Asia, Vietnam, evn

Winners and prices of Tunisia’s 500 MW PV tender

The Tunisian Ministry of Mines and Energy has confirmed that Norway’s Scatec Solar has secured 300 MW at three sites. It also revealed that France’s Engie and China’s TBEA each picked up 100 MW projects. The lowest bid came in at $0.025/kWh, while $0.034/kWh was the highest offer.

Dec 20, 2019 // Markets & Finance News, Scatec Solar, Canadian Solar, Engie, tender, Tunisia, Africa, large-scale solar, TBEA

Equinor Increases Stake in Scatec Solar With Purchase of 6.5 mn Shares

Equinor has acquired 6,500,000 shares in Scatec Solar, corresponding to 5.2 percent of the shares and votes, at a total purchase price of USD 84 million.

Dec 20, 2019 // Markets & Finance News, Scatec Solar, Equinor, Pål Eitrheim

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