Financial & Legal

Government minister notes solar’s ‘striking’ dominance as industry reaps €3.2bn of €6bn round and applies for €2.9bn of further €5bn to be awarded.

Major polysilicon producer Wacker Chemie has continued to be impacted by record low polysilicon prices, due to overcapacity and weak demand caused by China’s ‘531 New Deal’ and lack of new support policies in China since June, 2018.

Facility would offer insurance protection to small and mid-sized renewable energy projects in Madagascar's bid to double power by 2030 through clean energy.

Tesla’s energy generation and storage business revenue declined further in the first quarter of 2019, with solar rooftop deployments hitting a new low of 47MW, a 36% quarter-on-quarter decline. In response, Tesla will be offering new customers in the US a US$99 upfront deposit before installing a solar system.

Proventus providing €80 million credit facility to Better Energy, ADFD approves US$10M for rural electrification project in Burkina Faso, SolarHome raises US$ 1 million from Trirec.

Carolinas' utility to sell assets for US$1.25 billion to reduce future debt issuance needs for renewables.

ADB offers US$100m for renewables in Pacific Islands, PetroSolar connects 20MW Filipino plant to Luzon grid, University of Queensland starts building 64MW solar farm, Technique Solaire bags financing for 47MW France portfolio.

Two financing institutions recognise the need for solar proliferation in remote, rural parts of the Sahel and West Africa.

UKCI invests in India's CleanMax Solar, Solek starts building 16MW of solar in Chile, Tata Power exemplifies Indian energy transition - IEEFA.

Industry continues last year’s trend as it reaps all awards at oversubscribed 210MW tender, with 18 bids contracted at an average €0.0566/kWh price.