Solar Markets & Finance News

The state-owned Rural Areas Electricity Company wants to build 11 Solar-diesel-storage projects in remote rural locations. Pre-qualified bidders in the tender comprise Engie, Canadian Solar, Akuo, Longi, Jinko, GCL, Abengoa, Total and Belectric.

The European Commission has approved use of capital given by seven member nations to back Europe-wide R&D projects across the lithium-ion battery value chain, with the purpose of possibly unlocking an extra $5 billion in private sector investment

The Solar Energy Corporation of India (SECI) has introduced tenders for 1.2GW of PV projects and 1.2GW of solar-wind hybrid projects on 5 December.

The Portuguese unit of France's Engie SA (EPA:ENGI) has obtained solar energy firm Ikaros Hemero together with a project pipeline of over 50 MWp, local press reported Saturday.

British Gas and Oil supermajor BP announced it increases its stake in solar developer Lightsource BP in an effort to help accelerate the organization's growth and its aspirations to develop 10GW of renewable energy assets by the end of 2023.

Indian SECI is going to conclude 25-year-valid PPAs for solar and hybrid ventures. The developers can choose where in India the facilities will be built, owned and operated.

Sterling and Wilson Solar Ltd is entering the market of Australia and starting the first Australia-based photovoltaic project – the 200-megawatt solar field in Wellington, the state of New South Wales.

The African Development Bank (AfDB) will lend the government of Burkina Faso €48.82 million (US$54.04 million) to develop 208MWp of PV across the nation under its Desert to Power initiative.

A sizeable batch of DC Solar stock is to go under the hammer this week in a bid to liquidate assets from the now-defunct Californian PV firm, undone by a high-profile FBI investigation.

Invesco Solar ETF TAN topped the list of the best-performing ETFs so far this year with impressive returns of about 54%.

According to the latest survey, Australia is the country least interested in e-vehicles because of underdeveloped recharging network, short drive distance and expensiveness.

BlackRock, the global biggest fund managing company, has closed 1bn USD of a 2.5bn USD fund aimed at wind, solar and storage. However, this is only a small part of the financial giant’s 6.96tn USD balance and nothing in comparison with 17.5bn invested in coal projects.

The government is aiming to set up 10,000 MW of decentralized solar projects under Component -A of the program

Energy company Energia Group has bought Irish solar developer Solar Farmers Ltd, which has two solar projects in Co Meath.

The distribution system operator for southern and central Scotland says it wants to optimize onshore renewables potential with the addition of storage and solar into its clean electricity business. The company said hybrid projects combining wind, storage and solar will become the market standard in 2021.