Firm was in talks last year with private equity and strategic suitors but has now opted to divest its Tempress business to a newly-created Dutch entity, naming a new group CEO in the process.
New affiliate Cardinal Renewables will acquire solar projects that venture partner Alchemy Renewables will then manage, operate, maintain and place tax equity financing for.
Major polysilicon producer Wacker Chemie has reported preliminary full-year 2019 financial results, highlighting higher than previously guided asset impairment charges on its polysilicon division as ASPs (Average Selling Price) remain at record lows leading to an EBITDA loss of €55 million.
New PV and wind could outcompete most existing fossil fuel capacity by 2025, outfit predicts as it lays out timetable for the 5.8GW renewable project backlog it amassed last year.
Renewables, energy storage and grid assets are all being considered as top investor bags institutional backing for FEIP fund from the EIB and other investors.
PV Tech’s Carrie Xiao talks to Chaojie Zhou, global product management director at Jinko Solar, about the company’s Tiger module, the considerations behind its development and the heights the Solar Module Super League member expects it to reach.
A wave of PV manufacturers listed on China stock markets have reported full-year net profit guidance for 2019 that indicates significant profit gains over the previous year.
Network operator Liander publishes list of areas where requests will be temporarily held after finding PV roll-out doubled almost everywhere in its catchment area last year.
The PV facilities are set to come online by the end of 2023, helping utility Tri-State Generation and Transmission Association meet new 50%-by-2024 renewables target.
