French power giant EDF has acquired a 50% stake in the Togo-focused unit of off-grid renewable energy specialist BBOXX, with EDF adding its financial clout to speed up solar home system deployments and its technical expertise to improve the energy storage offering.
CVE Chile, a subsidiary of the Cap Vert Energie (CVE) group, has recently signed a US$45 million deal with Solarpack to buy four under development solar plants, each with a capacity of 9MW.
Major polysilicon producer Wacker Chemie has reported a significant decline in the fortunes of its polysilicon business segment in the third quarter of 2018.
Polysilicon producer REC Silicon has been forced to sell solar grade (FBR) polysilicon below cash cost, due to weak demand and ASP declines, driven by demand curtailment in China and continued polysilicon capacity expansions.
‘Silicon Module Super League’ (SMSL) member GCL System Integrated Technology Co (GCL-SI) is planning to sell up to RMB 1.0 billion (US$144 million) of sales invoices to a third party at a discount to improve its cash flow position.
A new zero upfront cost solution for rooftop solar PV for commercial and Industrial (C&I) customers has been launched by the renewables arm of Malaysian power giant Tenaga Nasional (TNB) and a similar solution for the residential segment will be available by year-end.
The Chinese government’s decision (531 New Deal) to curtail utility-scale and distributed generation (DG) PV deployments just after the SNEC trade show at the end of May, not only surprised the industry but has since fuelled a significant ASP decline of modules and inverters.
Malaysia’s intent to progress its renewable energy sector was made clear in a number of announcements this week, including plans to install solar along a major highway, introducing both the first solar insurance scheme and monitoring system, as well as inking support agreements with powerful foreign organisations.
Akuo Energy and Norton Rose Fulbright reach financial close on 50MW Mali solar project, BayWa r.e. completes self-consumption solar project in Spain, Solar comes top in European survey, CDPQ increases stake in Azure Power.
