Solar Markets & Finance News

An EU funded solar-plus-storage project has been tendered in the Philippines. The United Nations is seeking bids for the system, to support the for the seaweed industry on the island of Tawi-Tawi. Combining PV with aquaculture brings many advantages for both, including water conservation, a more controlled aquatic environment, and ecosystem restoration.

Aug 13, 2019 // Technology, Markets & Finance News, Storage, Floating PV, USA, tender, floating PV, United Nations Industrial Development Organization, Philippines, RETS, MinDA, hybrid systems

GCL-Poly posts $141m loss in H1

The Chinese PV group recorded a loss attributable to owners of the company of roughly $141.1 million, as its solar materials division posted a loss of approximately $185.5 million.

Aug 13, 2019 // Manufacturing News, Markets & Finance News, USA, China, polysilicon, GCL-Poly Energy Holdings, Zhu Gongshan, wafers

Australia to redirect $337.8m in aid to Pacific neighbors for renewables

In anticipation of the Pacific Islands Forum (PIF) in Tuvalu this week, Australian Prime Minister Scott Morrison is set to announce A$500 million ($337.75 million) in foreign aid to partnering Pacific nations in the form of a climate change and oceans funding package for renewable energy investment and climate resilience.

Aug 13, 2019 // Markets & Finance News, Policy, Australia, Pacific Islands Forum, Scott Morrison, Frank Bainimarama

US ROUND-UP: Gap diversifies; 125MW PPA in MI; Military-funded space solar; Solar bees

Global retail brand Gap moved one step closer to its goal of fully renewably-powered operations by 2030 after signing a power purchase agreement (PPA) with Enel Green Power North America. It has purchased 90MW of energy from the renewables giant's North Dakota wind project for a period of 12 years.

Aug 13, 2019 // Technology, Manufacturing News, Plants, Large-Scale, Commercial, Markets & Finance News, Solar, USA, SunPower, plants, Michigan, cleanchoice energy, solar bees, Antonio Cammisecra, air force, university of toledo, solar space, upper peninsula power company, power purchase agreement, orion renewable energy group, map energy, gap, North Dakota, enel green power, the chandler solar project, North America

Neoen touts 50MW victory in Portugal’s momentous PV auction

Neoen has shed light on its winning project in Portugal’s head-turning solar auction this summer, a tender consultants now say illustrates a new, bolder attitude towards merchant risks.

Aug 13, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Tariffs, Portugal, solar pv, plants, Europe, neoen, auction prices, auction ppas, largescale2020

AIIM, Nedbank to co-fund 40MW C&I pipeline in Southern Africa

Commercial and industrial (C&I) solar is set for a boost in South Africa, with financial support now lined up for a new pipeline.

Aug 13, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, C&I, Africa, nedbank, aiim, african infrastructure investment managers, sola group, eskom, Orionis

USTDA backs 150MW solar-plus-wind-plus-storage project in Zambia

The US Trade and Development Agency (USTDA) has agreed to finance a feasibility study for a 150MW hybrid solar, wind and battery plant in northern Zambia.

Aug 13, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Storage, Grids, First Solar, hybrid, solar-plus-wind-plus-storage, grid, Africa, upepo energy partners, zambia, east africa, ustda, wsp usa

FreeVolt, Apparent partner on solar+storage offerings in California

Newish European-based panel manufacturer FreeVolt has entered into a partnership with California-headquartered energy management company Apparent. FreeVolt’s U.S. installation division FreeVolt USA will team with Apparent to provide solar-plus-storage systems to California homeowners and C&I customers.

Aug 12, 2019 // Manufacturing News, Markets & Finance News, California, USA, CAISO, solar-plus-storage, FreeVolt, Apparent, Jacqueline DeSouza

Flanders provides incentives for residential storage

Since the beginning of August the Flemish government has granted a €250/kWh rebate for the purchase of domestic batteries. The program is set to run until the end of next year.

Aug 12, 2019 // Markets & Finance News, Storage, Europe, domestic batteries, Flanders, Belgium, Engie-Electrabel, Lydia Peeters

Deutsche Bank attempts to wind up Singyes Solar

The German lender has issued a winding up petition over a $6.27 million debt and could scupper the manufacturer’s plans to restructure its defaulted payments and be taken over by a Chinese state-backed entity.

Aug 12, 2019 // Manufacturing News, Plants, Markets & Finance News, Singyes Solar, Germany, Hong Kong, Deutsche Bank AG, Water Development HK, Comtec Solar

US industry acts to unblock disputed 584MW solar pipeline

A dispute holding up a solar project backlog of nearly 600MW in Michigan is now one step closer to resolution, under a truce brokered with the help of industry representatives.

Aug 12, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Storage, Policy, USA, SEIA, ITC, solar-plus-storage, Michigan, MPSC, Jimmy Carter, interconnection, ssfa19

San Jose Clean Energy, EDP Renewables sign large solar-plus-storage PPA

San Jose Clean Energy (SJCE) and EDP Renewables SA (EDPR), through its fully owned subsidiary EDP Renewables North America, signed a 20-year power purchase agreement for 100 megawatts of new solar energy and 10 MW of battery storage at the Sonrisa Solar Park in Fresno County, California. The project is anticipated to be operational in 2022.

Aug 9, 2019 // Plants, Large-Scale, Commercial, Residential, Markets & Finance News, Storage, California, USA, storage, CCA, San Jose Clean Energy, EDP Renewables SA, EDP Renewables, Mayor Sam Liccardo, East Bay Community Energy

IFC: Papua New Guinea becomes global off-grid solar hotspot

A mixture of development support, market economics and awareness programmes have propelled Papua New Guinea to the forefront of global off-grid solar, according to a new report.

Aug 9, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Grids, China, solar pv, Papua New Guinea, png, world bank, off-grid solar, solar lamp, solar lighting, Oceania, international finance corporation, ifc

SMA reports losses for first half of 2019

For the second half of the year, the German inverter producer expects a significant increase in revenues and earnings, mainly due to high order intake. It also confirmed its forecast for the full fiscal year, despite declining sales and sales in the first six months of 2019.

Aug 9, 2019 // Markets & Finance News, Inverters, Germany, inverter, SMA Solar Technology AG, rooftop PV, ürgen Reinert

Daqo signs 112,800 MT polysilicon supply deal with Longi

Daqo New Energy has agreed to supply 112,800 MT of polysilicon to Longi Green Energy Technology. The two parties did not disclose the financial terms of the three-year deal.

Aug 9, 2019 // Manufacturing News, Markets & Finance News, China, polysilicon, Daqo New Energy, Longi Green Energy Technology, Longgen Zhang

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