Solar Markets & Finance News

China General Nuclear Power Corporation is going to invest nearly $2.5b into large-scale solar facilities and 2-gigawatt wind installations in Inner Mongolia Autonomous Region. The major venture is predicted to be commissioned in 2021.

The repeatedly prolonged PV tender held by Solar Energy Corporation seems to get finally rewarded. The announced 7 gigawatts of solar project capacity are currently oversubscribed by 1 gigawatt.

Government of Bangladesh is dissatisfied by slow development of a number of photovoltaic projects and is establishing new power tariffs associated with solar production cost reduction.

LSE-listed investment company NextEnergy Solar Fund has finished the construction of the first unsubsidized solar project in Great Britain.

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.

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.

The investment manager is now Europe’s largest renewable energy fund. The €1.3 billion group already has a 1.8 GW generation portfolio.

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.

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.

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.

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.

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.

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.

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.

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.