Solar Markets & Finance News

The governmental body responsible for keeping mine pollution out of waterways has announced completion of the first phase of a plan to use solar to keep down its electricity bills.

The holders of almost six million shares in the company voted against the reappointment of chairman and CEO Liu Hongwei as a non-executive director. On Liu’s watch the company has had to turn to a state bail-out from China to help ensure its survival.

LevelTen claims its online platform offers small companies the chance to band together to buy green energy and connects renewable energy producers and consumers in such an effective manner it has already driven $1 billion of green energy supply in its homeland.

Taiwan is expected to become one of the fastest-growing solar markets worldwide despite this year’s feed-in tariff (FiT) reductions, according to a new report, but a local developer has challenged the document's conclusions about the impacts of global PV module supply.

Philippines utility Meralco has sunk PHP424 million (US$8.2 million) of equity funding into its renewables subsidiary, MGreen, to support 210MW of solar projects.

Deutsche Bank’s attempt to shut down the Chinese solar developer and BIPV maker, due to be heard this morning, has been adjourned for two weeks.

The ever worsening balance sheet of the Hong Kong-based solar manufacturer has triggered the removal of shares listed in Taiwan, which is likely to leave the company with a $2.84 million bill for buying them back.

Google has signed a deal for 250MW of solar energy from installations planned in Texas by Chicago-based developer Hecate Energy.

Northern Europe’s clean energy scene has witnessed a flurry of policy moves in the space of a week, with at least four countries making announcements on various auctions and subsidy schemes.

Ranger Power will search for a buyer of its 230 million dollar solar site in eastern Lincoln.

Xcel Energy has announced an agreement with Lightsource BP and EVRAZ North America to develop a $250-million, 240-MW solar power facility in Pueblo, Colorado. The plant will provide power to the EVRAZ Rocky Mountain Steel facility in Pueblo. Xcel said the plant will be the largest on-site solar facility dedicated to a single company.

Chinese state-owned PV manufacturer Jetion Solar says it has signed a deal with Italian government-owned oil and gas major Eni to develop a slew of new solar projects across five regions in the next three years in a deal worth €2 billion.

The Spanish company plans to develop 66 solar and wind parks that will add 3 GW of renewable energy generation capacity in 50 municipalities near Teruel, Navarre over the next four years. Some 34 facilities will be solar plants that will add 1.3 GW as part of an investment of more than €2.4 billion.

Utility UTE is planning to resume solar energy development with a new large scale PV project after several years of almost zero growth.

Power purchase agreements may be voluntarily renegotiated by extending the 20-year deals or enabling independent power producers to add more efficient PV components, thus increasing plant generation capacity.