Solar Markets & Finance News

Sunfinity Renewable Energy enters Colorado, Arizona solar markets
Sunfinity Renewable Energy, a vertically-integrated residential, commercial and utility-scale solar power provider, has begun operations in two additional Western states — Arizona and Colorado — to expand the company’s existing footprint throughout California, Texas and Oklahoma. With the addition of Arizona, Sunfinity will now be operating in the top three states nationally for solar growth.
Oct 10, 2019 // Commercial, Residential, Markets & Finance News, USA, Arizona, Colorado, John Billingsley, Sunfinity Renewable Energy, North America
Dubai’s 900 MW solar tender sees lowest bid of $0.0169/kWh
The offer was apparently submitted by Saudi energy giant ACWA Power, which refused to confirm the bid when asked by pv magazine. The second lowest bid – $0.0175/kWh – was reportedly submitted by a consortium formed by Emirati developer Masdar, French utility EDF and Chinese PV panel maker JinkoSolar.
Oct 10, 2019 // Manufacturing News, Markets & Finance News, Storage, Solar to Fuel, Dewa, Masdar, tender, JinkoSolar, Dubai, Solar to Fuel, Solar to Hydrogen, Producing Hydrogen, Hydrogen from renewable, Renewable fuels
Canadian Solar wins 394 MW of solar in two private auctions in Brazil
After emerging as the recipient of most of the Brazilian government’s public allocation of generation capacity, the Canadian-Chinese manufacturer has secured a large share of projects in auctions held by power companies Copel and, probably, Cemig.
Oct 10, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Markets & Finance News, Canadian Solar, South america, Brazil, Cemig, Copel, Sao Paulo
Denmark launches second solar-wind auction
Selected schemes will be eligible for a feed-in premium – related to the wholesale electricity price – for 20 years. The ceiling price for the premium has been set at the equivalent of $0.0089/kWh.
Oct 10, 2019 // Markets & Finance News, Europe, auction, Denmark
Australia is boosting shift to commercial EV fleets
The Australian Renewable Energy Agency and the governments of New South Wales and South Australia, grid operator Ausgrid and insurer NRMA, have awarded almost AU$500,000 to e-mobility start-up Evenergi to help businesses and consumers plan for the electric vehicle revolution.
Oct 10, 2019 // Markets & Finance News, Transport, Australia, Oceania, Darren Miller, Ausgrid, NRMA, Dan Hilson
Dutch system operator to fund grid boost to accommodate 2GW of PV, wind
Dutch system operator TenneT has announced that it will invest €215 million (US$237 million) to accommodate 2GW of solar and wind capacity towards the country's north.
Oct 10, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Germany, Europe, Netherlands, Tennet, distribution network, sfieu, lsse, Ben Voorhorst
EU clears joint ownership of Spanish solar firm X-Elio by private equity duo
The European Union’s executive arm has approved a major ownership shake-up of Spanish developer X-Elio Energy, giving Brookfield Asset Management the green light to purchase a 20% stake from Acek Renewables alongside a 30% tranche from US infrastructure fund KKR.
Oct 10, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Grids, x-elio, Toronto, brookfield asset management, european commission, terraform, Acek, Gestamp Renewables, Jorge Barredo López
India rebukes analyst claims it will miss clean energy targets
Expert warnings that India will be falling short of its renewable deployment targets have sparked a strong-worded rebuke from the government, which has slammed them as “ill-founded”
Oct 10, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Tariffs, Policy, India, Asia, auction, tariff, Vinay Rustagi, CRISIL, narendra modi, mnre
Reden, Natixis close financing on up to 100MW of PV projects in Chile
Reden Investments Chile and Natixis have successfully closed senior facilities totaling US$96.4 million for an up-to-100MW portfolio of PV projects in Chile.
Oct 10, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Natixis, Engie, Chile, South america, Reden
India to fall well short of 175 GW renewables target
A report by Indian ratings agency CRISIL points to a rising rate of tender failures, an inconsistent policy approach from central and state governments and restrictive solar energy tariff caps and says India could have just 104 GW of renewables capacity by 2022.
Oct 9, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Tariffs, India, SECI, Asia, tariff, CRISIL
UN fund gets behind plan to unlock finance for South African renewables
UN money will help South African PV players underpin project revenues without the need to resort to the government, after a year when Eskom’s woes have cast doubts on the state-offtaker route.
Oct 9, 2019 // Markets & Finance News, Africa, eskom, green climate fund, embedded pv, un, dbsa, Yannick Glemarec
Strong Q3 2019 puts solar finance on track to beat 2018 charts
The rising solar appetites of global investors so far in 2019 have put the industry on course to reach full-year financing volumes unseen since 2017, according to Mercom.
Oct 9, 2019 // Markets & Finance News, USA, China, Asia, North America, ReNew Power, mercom, Goldman Sachs
US cautions against lure of cheap Chinese solar imports
US assistant secretary of state for energy Francis Fannon says Indian solar developers should put quality, service and diplomacy above one-time expenditure.
Oct 9, 2019 // Markets & Finance News, USA, China, Asia, North America, Francis Fannon, Indian solar, Iran
Emerging markets help new faces into list of world’s top EPC providers
Although the Wiki-solar website ranking only gives a snapshot of PV project engineering, procurement and construction contracts outside China, it is nevertheless a useful indicator of the changing shape of the global solar market.
Oct 9, 2019 // Markets & Finance News, Spain, SunPower, China, First Solar, Europe, Asia, Africa, Egypt, Turkey, Hanwha Q-Cells, Belectric, juwi, Enerparc
As Solar and Wind Become Cheaper, Japan Faces Billions in Stranded Coal Assets
The decreasing costs of solar and wind energy could generate $71 billion in stranded coal assets in Japan by 2025, according to a new report from the Carbon Tracker Initiative, a financial think tank, and the University of Tokyo. Offshore wind power will be cheaper than coal in Japan by 2022, new solar cheaper by 2023, and onshore wind less expensive by 2025.
Oct 9, 2019 // Markets & Finance News, Japan, Asia, University of Tokyo