Solar Markets & Finance News

Essent takes over Belgian solar installer Aralt
The Essent business of German utility RWE wants to widen its clean energy offer for Belgian clients. Last year Aralt achieved a €5 million turnover.
Sep 12, 2019 // Plants, Large-Scale, Commercial, Residential, Markets & Finance News, Germany, Europe, Belgium, Aralt, Essent, Benelux
174 Power Global bags funding for utility-scale solar in Texas
174 Power Global has wrapped up construction financing for the US$210 million, 150MW first phase of its solar farm in Ector County, northwest Texas, clinching funding from a group of global banks.
Sep 12, 2019 // Markets & Finance News, USA, Texas, PV plants, North America, 174 power global, credit agricole corporate and investment bank, korea development bank, Q CELL modules
Limiting climate emergency will require ten-fold solar boom, DNV GL claims
Global solar PV capacity must increase ten-fold to 5TW by 2030 in order to meet the Paris climate targets, research body DNV GL has claimed.
Sep 12, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Storage, Grids, ENERGY STORAGE, solar pv, DNV GL, Ditlev Engel
Recovering interest rates may raise large scale solar electric price 11%
Renewables investment may by hit by rising interest rates despite the falling cost of clean energy tech just as fossil fuels avoid the impact of rising base rates.
Sep 11, 2019 // Markets & Finance News, Policy, LCOE, Europe, ETS
Price ceilings set as Brazilian PV sector readies for debut in new-generation auction
Brazil has unveiled the tariff ceilings solar players will face as they compete for the first time in the so-called new generation tender, opening up a new avenue of government support.
Sep 11, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Tariffs, solar pv, South america, Latin america, Brazil, jair bolsonaro, ANEEL, São Gonçalo, Absolar, bolsonaro, Rodrigo Sauaia, a-6 auction, tenders
Angola eyeing 600MW solar market within three years
Angola is expecting to kickstart its dormant solar sector by deploying several hundred megawatts worth of projects within three years, a top government official has said.
Sep 11, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Grids, Africa, subsaharan africa, Angola, luanda, policy, bsw, Baptista Borges, Intersolar
CEC issues warning over ‘collapse’ in new Australian renewables investment
Australia’s Clean Energy Council (CEC) has issued a stark warning over an apparent collapse in new investments into renewable energy projects.
Sep 11, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Storage, Grids, Policy, Battery Storage, Australia, Oceania, investment, renewable energy target, Kane Thornton
Enel pegs $1.5bn bond to clean energy performance
The Italian energy company has committed to paying higher returns on today’s fundraising bond if it fails to ramp up its installed renewable energy generation capacity to 55% of its overall total by the end of 2021.
Sep 10, 2019 // Markets & Finance News, Italy, Enel, Europe
Lithuanian energy ministry issues timeline for renewables auctions
The Baltic nation is heavily dependent on energy imports. A plan for energy independence by 2050 foresees the large scale deployment of renewable energy resources.
Sep 10, 2019 // Markets & Finance News, Europe, Lithuania, Žygimantas Vaičiūnas
Singulus lowers outlook after delayed CNBM order
The German PV equipment provider will not achieve the sales and earnings targets set for this year. CNBM is not expected to place orders for the expansion of its CIGS thin-film production operations in China until the fourth quarter.
Sep 10, 2019 // Manufacturing News, Markets & Finance News, China, Asia, CNBM, Singulus, thin-film module, Avancis
Czech utility CEZ further invests in solar
Eastern Europe’s largest utility has decided to acquire a minority stake in Zolar – a German provider of digital solutions for rooftop PV – alongside BayWa r.e. Energy Ventures.
Sep 10, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Germany, Europe, Czech utility CEZ Group, Tomáš Pleskač
Bipartisan bill looks to simplify distributed solar permitting in US
A Republican senator from Maine and a Democratic senator from New Mexico have introduced legislation that aims to slash costs and red tape currently complicating local permitting for distributed renewable energy, energy storage and electric vehicle (EV) charging systems.
Sep 10, 2019 // Plants, Large-Scale, Commercial, Residential, Markets & Finance News, Storage, Grids, Rooftop PV, USA, storage, North America, rooftop solar system, distributed solar, investment tax credit, Ross Hopper, Maine
Esdec claims dominant US solar mounting position with double buy
Dutch rooftop solar mounting provider Esdec has acquired US mounting specialists IronRidge and Quick Mount PV, claiming the double acquisition gives it a dominant share of the US residential mounting market.
Sep 10, 2019 // Markets & Finance News, USA, Quick Mount PV, Yann Brandt, North America, mounting, esdec, ironridge
GCL-Poly generates another $349m towards paying down debt
The polysilicon maker has turned a quick $160 million profit from the sale of its stake in a fund it paid $189 million to establish just five months ago. The heavily indebted manufacturer needs to raise funds to pay for its production capacity expenditure.
Sep 9, 2019 // Manufacturing News, Markets & Finance News, polysilicon, Jiangsu Zhongneng Polysilicon Technology Development Co Ltd, GCL-Poly, Xinjiang GCL New Energy Technology Technology, Energy Holdings Ltd, Hua Neng Group Hong Kong Ltd
Softbank injects another $10m into Swedish dye-sensitized solar specialist Exeger
The Japanese multinational lender is making its second investment in the Swedish start-up. The funds will help the company ship its first products next year.
Sep 9, 2019 // Markets & Finance News, Japan, Saudi Arabia, India, Asia, Softbank Group, Exeger, Giovanni Fili, Shigeki Miwa, Japan.