Solar Markets & Finance News

Atlas sells 550GWh of solar to Engie Energía in Chile

Atlas Renewable Energy has landed a long-term PPA agreement with utility Engie Energía, which will help support the development of a 230MW-plus solar farm in Chile.

Aug 16, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, PPA, Chile, PV plant, Brazil, Mexico, Atlas Renewable Energy, Engie Energía, Sol del Desierto, Uruguay

Daqo’s polysilicon business takes a dive in Q2

China-based polysilicon producer Daqo New Energy Corp has been impacted by weaker than expected financial results for the second quarter of 2019, due to the lack of demand in China and record low polysilicon prices.

Aug 16, 2019 // Manufacturing News, Markets & Finance News, China, polysilicon, Longgen Zhang, n-type mono, Daqo New Energy Corp, monocrystalline wafer

Botswana, Cameroon issue tender, sign contracts for combined 125MW of PV capacity

The African countries of Botswana and Cameroon have taken steps to add a combined 125MW of installed PV capacity to their respective national grids.

Aug 16, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Grids, Scatec Solar, tender, Africa, Cameroon, Botswana, Eneo, Izuba Energy, Sphynx Energy

Pattern Energy ‘Draws Interest’ From Potential Buyers

Brookfield Asset Management is reported to be considering merging its own TerraForm Power business with the U.S. wind operator.

Aug 14, 2019 // Markets & Finance News, USA, New York, SunPower, pattern energy, terraform power, SunEdison, American Wind Energy Association, North America

Australia’s CEFC teams up with bank to fund solar, EV batteries

Australia’s green bank has found a funding partner for a new programme to support solar and electric vehicle (EV) batteries, days after pledging to back less-mature technologies more decisively.

Aug 14, 2019 // Markets & Finance News, Storage, storage, Australia, Clean Energy Finance Corp, rooftop, Oceania

Daqo prepares for flood of new PV orders in China

The polysilicon manufacturer took a step back in the last quarter to take two steps forward in the next, bringing forward annual maintenance operations at its main production facility to prepare for a solar gold rush expected to start next month.

Aug 14, 2019 // Manufacturing News, Markets & Finance News, China, polysilicon, Longgen Zhang, Daqo, mono wafers

German PV equipment makers report fall in revenue

Manz and Singulus have both seen turnover drop in the first half.

Aug 14, 2019 // Manufacturing News, Markets & Finance News, Germany, Manz AG, PV equipment, Martin Drasch, Singulus Technologies AG, Stefan Rinck

Ganfeng Lithium’s Hong Kong-based shareholders rebel

Holders of almost two-thirds of the miner’s Hong Kong listed stock voted down a proposal to issue new non-Chinese shares that would dilute their investment by around a quarter. The board had proposed the move to raise funds for further lithium extraction overseas.

Aug 14, 2019 // Markets & Finance News, China, Hong Kong, lithium, Ganfeng Lithium, Li Liangbin, floated company

Pattern Energy confirms takeover interest

Energy developer Pattern Energy confirmed on Tuesday that it is courting potential takeover suitors, but that so far no agreement or arrangement had been reached.

Aug 14, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, ssfusa, pattern energy, terraform power, brookfield asset mangement, mergers and acquisitions

Greenbacker Renewable Energy purchases 9.27 MW of under-construction solar projects

Greenbacker Renewable Energy Company purchased the rights to a portfolio of three solar projects totaling 9.27 MW from a subsidiary of BNRG Renewables (BNRG).

Aug 13, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, Greenbacker Renewable Energy Company, BNRG, Evergreen Solar Services, Charles Wheeler, Nick Holman

China holds key to corporate solar take-up but lags way behind Texas at present

The Lone Star State accounted for almost half of the activity witnessed in the world’s biggest corporate clean energy marketplace but analysts are excited about the prospect of Beijing mandating companies to purchase minimum levels of green electricity.

Aug 13, 2019 // Markets & Finance News, Policy, USA, PPAs, Texas, China, Europe, Africa, Lone Star State, green electricity, RPS, Nordic nations

Aquavoltaics in the Philippines

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

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