Solar Markets & Finance News

The French development agency AFD has signed off on a EUR24.2 million (US$26.9 million) loan for a 49MW solar project in Gia Lai Province, Vietnam, with the country's monopoly utility EVN.

The government of the Philippines will spend $500 million on solar-powered water supply and desalination in remote areas of Mindanao, the second-largest island in the archipelago. Elsewhere, a Finnish study has suggested drought-hit Iran could benefit from renewable-powered desalination.

Where seasonal storage is paramount, hydrogen comes into play. Under-the-radar solar market Sweden has presented its hydrogen projects and technological solutions to overcome the country’s natural solar barriers.

Hopes are high up to 5 GW of residential solar capacity will have been added by the time this month’s figures are added, as the household solar feed-in tariff still applies – but only until Thursday. However, the AECEA consultancy has again revised down its overall new capacity expectation for the year.

SunPower building 35MW project to supply Chevron's Lost Hills Oil Field. Assam tenders for 25MW solar project. Constant Energy partners Sodexo Thailand

Italian asset manager Green Arrow Capital (GAC) has agreed to acquire a 320MW portfolio of renewable energy projects from London-based Quercus Investment Partners for an undisclosed sum.

Japanese trading corporation Mitsui & Co has sold its interest in a 679MW portfolio of operational Canadian wind and solar to Canadian infrastructure management firm Axium.

Renewable energy developer and financing company Empower Energies has joined with investor Hannon Armstrong to build renewable energy projects in the commercial & industrial (C&I), municipal, university, school and hospital markets across the United States.

The regulator received 26 proposals overall for a project intended to make the kingdom less dependent on power imports from troubled South African utility Eskom.

Canadian business Caledonia Mining Corporation plc wants to build a power plant at its Blanket mine near Gwanda, in southern Zimbabwe.

The factory, backed by the Turkish government in September, was originally intended to be built with the support of Korean solar manufacturer Hanwha Q Cells. The new partner is China Electronics Technology Group Corporation (CETC). Production is planned to start next year.

PV manufacturers receive 10% of the value of their exported products as an incentive and the nation’s central bank has extended the program to cover this financial year. Bangladesh’s solar manufacturers have called for more, however, and point to more generous schemes to the west.

According to official figures released by China’s National Energy Administration, new solar capacity installations in the third quarter of 2019 slumped to only 4.6GW under new support mechanisms that were implemented mid-year.

Luminous Energy has commenced connection works on its 162MWac solar farm in Australia, with the developer eyeing up 1.2GW of works across multiple markets.

Dominion Energy has acquired a 72MW PV project from First Solar that is expected to enter service in late 2019. The installation will provide power and renewable energy attributes under a Dominion Energy South Carolina contract that was previously filed and accepted in South Carolina.