Solar Markets & Finance News

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.

Global solar investor Foresight Group has continued its charge into the Australian PV market, launching a sustainability framework to finance small-scale renewable infrastructure projects in the country.

The European Bank for Reconstruction and Development is helping the Kosovan government develop a competitive scheme for the award of payments to renewable energy generators. The Balkan state wants to add 400 MW of clean energy capacity by 2026.

The new generation facility was financed by the Asian Development Bank and built by Chinese company ZTE Corp. The project will sell power to the grid for $0.065/kWh, a record low for solar in the country.

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.

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.

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.

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.

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.