Solar Markets & Finance News

Politicians’ failure to form government pacts condemns Spain’s clean energy shift to further delays and uncertainty, the industry has warned as the country heads to fresh polls.

Mexico’s state-run utility and fossil fuel infrastructure need more time before the country can re-arrange the renewable auction it cancelled this year, a top official has said.

Fotowatio Renewable Ventures (FRV) has lined up finance for a major bifacial solar project it will develop in Mexico’s centre without the help of subsidies.

AleaSoft analyses fuel market prices, carbon emission rights, European electricity markets and renewable energy production. Last week most prices rose on the previous reporting period as solar and wind power production varied by country.

Solar and wind projects selected in the company’s latest clean energy procurement exercise have been awarded a 19-year power purchase deal, starting from 2023. Cemig has now contracted green power from 780 MW of renewable project capacity in three tender rounds held since June last year.

Spain’s subsidy-free solar scene has marked another boost after a power purchase agreement (PPA) was secured for a major project in the country’s centre-west.

Progress with solar projects worldwide have helped push ReneSola back onto the profitability path, with a cash boost "tentatively" secured from its top shareholder as short-term borrowings continue to pile.

The state-run Solar Energy Corporation of India (SECI) has revealed the results of two major utility-scale auctions held in June that saw six companies win 1.85GW of capacity.

The French oil giant and China’s Envision Group are forming a joint venture offering PV systems combined with energy management solutions. Total Eren is also involved in a 100 MW solar project in Uzbekistan.

The obligation will be applied annually from 2022. The clean electricity required will have to be bought through power purchase contracts of at least 10 years’ duration.

Tennet needs more than €4.75 billion to invest in cross-border grid infrastructure between Germany and the Netherlands, as rising volumes of solar and wind are complicating network operations, said Dutch Finance Minister Wopke Hoekstra in a recent letter to the Dutch parliament, adding that the government may need to privatize the state-owned transmission system operator or sell off a stake in it.

Goldman Sachs Renewable Power, a subsidiary of the investment banking giant, has reached an equity pool of $4 billion, which will serve to expand on the hundreds of megawatts in portfolios the company has acquired in the last 12 months alone.

The quarterly SEIA/Wood Mackenzie Power & Renewables U.S. Solar Market InsightTM report shows the major trends in the U.S. solar industry. Learn more about the U.S. Solar Market Insight Report. Released June 18, 2019

Funding for the rebate scheme had already been increased in April. Overall, the budget for this year now amounts to almost $125 million.

The nation’s energy regulator today announced separate tenders for solar and wind generation capacity will be held on December 12.