News

US electricity retailers are ditching fossil fuels
Three different retail electricity providers in the United States have announced new programs to provide customers the option to buy 100% renewably sourced electricity, with one of the three even coming at no additional cost.
Aug 23, 2019 // Markets & Finance News, USA, North America, Portland General Electric, Appalachian Power, Gexa Energy out of Houston, Appalachian Power’s Wind Water & Sunlight
Karnataka leads Indian states in new rooftop PV attractiveness index
The Indian state of Karnataka has snagged the top spot on the Ministry of New and Renewable Energy’s State Rooftop Solar Attractiveness Index.
Aug 23, 2019 // Rooftop PV, India, Asia, Ministry of New and Renewable Energy, rooftop PV, State Rooftop Solar Attractiveness Index
BNEF puts Ginlong among top three Asian inverter brands
Chinese string inverter manufacturer Ginlong Solis ranked third among Asian inverter brands in BloombergNEF’s latest industry scorecard.
Aug 23, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Inverters, China, Asia, inverter, Ginlong Solis, bloomberg nef
Midsummer begins trading for new green bond listed at Nasdaq Stockholm
Midsummer rang the opening bell at Nasdaq Stockholm on Thursday, with the solar energy technology company signaling the start of trading for its new green bond.
Aug 23, 2019 // Markets & Finance News, Sweden, Europe, green bond, midsummer, Sven Lindström
Meyer Burger moves to calm shareholders
Meyer Burger’s new chairman has acknowledged that the outlook remains tense for Europe’s largest solar equipment supplier, but he is urging shareholders to support the company’s plan to reposition itself to focus on high-yield technologies and markets beyond China.
Aug 22, 2019 // Manufacturing News, China, Europe, Asia, meyer burger, Chairman Remo Lütolf, REC Solar
Hanergy’s Solibro unit reportedly set to file for insolvency
Solibro will probably file for insolvency this month, according to German media reports. However, the company has yet to publicly confirm the matter.
Aug 22, 2019 // Manufacturing News, Germany, China, Europe, Asia, Solibro, thin-film PV, CIGS photovoltaic
GCL project development business has $1.6bn current liabilities deficit
The opening pages of the first-half update published on the Hong Kong exchange made all the right noises with the company set to be acquired by a Chinese state-owned entity. But the balance sheet makes for shocking reading.
Aug 22, 2019 // Markets & Finance News, China, Hong Kong, Asia, GCL-Poly, China Hua Neng Group Hong Kong Ltd, China Three Gorges New Energy Co Ltd, GCL New Energy, Shanghai Rongyao New Energy Co Ltd
Another 300 MW solar auction for Japan
The procurement exercise, which closes tomorrow, will be open to projects larger than 500 kW in size. The results will be announced on September 3.
Aug 22, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Japan, Asia, auction
The Chinese solar market is changing shape
Two reports have described how the world’s largest renewable energy market is moving towards maturity. According to the Brookings Institution, the Chinese clean energy market could become more open to Western investors and tech. A report by Fitch claims projects are moving back to inland provinces from coastal regions.
Aug 22, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, China, Trump, Asia, North America, Jeffrey Ball, China-U.S. trade war
Cypress Creek, Cubico commission South Carolina’s largest PV project
Cypress Creek Renewables and Cubico Sustainable Investments have commissioned the Palmetto Plains PV installation, South Carolina’s largest solar project in operation.
Aug 22, 2019 // Plants, Large-Scale, Commercial, USA, North America, South Carolina, cypress creek, cubico, Palmetto Plains, PV installation, Sarah Slusser, Gregg Robinson
All systems go for Saudi Arabia’s top ground-mounted PV plant
A ground-mounted solar project billed as Saudi Arabia’s largest to date has reached the finish line, and is now set to power the operations of a food and beverage conglomerate.
Aug 22, 2019 // Plants, Large-Scale, Commercial, Saudi Arabia, UTILITY-SCALE SOLAR, Asia, middle east, almarai
European subsidy-free markets have ‘developed rapidly’, investor says
One of Europe’s leading utility-scale solar investors has said that the continent’s subsidy-free solar market has “developed rapidly” in recent months.
Aug 22, 2019 // Markets & Finance News, Tariffs, UK, Europe, subsidy-free, Foresight Solar Fund, NextEnergy Solar Fund
Enel works on addition to Latin America’s self-styled largest PV project
Enel has hit yet another deployment milestone with what it bills as Latin America’s biggest solar plant under construction, a project it is building in Brazil’s northeast.
Aug 22, 2019 // Plants, Enel, bifacial, Latin america, São Gonçalo, Soltec
Major solar-plus-storage project greenlit in New South Wales
After a long wait, RES has received state development approval for a major 200MW/10MW solar-plus-storage facility in New South Wales.
Aug 22, 2019 // Plants, Large-Scale, Commercial, Storage, Australia, solar-plus-storage, Oceania, new south wales, Siemens Gamesa Renewable Energy, Tarleigh Park farm, Curra Warra farm
US solar to outrun wind as king of 85GW corporate PPA future
Solar is to leapfrog wind to become the undisputed top renewable energy source for US corporates greening their supply through 2030, according to Wood Mackenzie and US wind body AWEA.
Aug 22, 2019 // Markets & Finance News, Policy, USA, Wood Mackenzie, Amazon, North America, AWEA, Facebook, Google