Markets & Finance

European Regional Development Fund approves funding under first SOLBAL call for Spanish Islands.

The news comes weeks after the technology giant announced a raft of 1.6GW of undisclosed global renewable energy deals, including 720MW of US solar.

GES to build 97MW solar plant for Engie in Chile, Sterling & Wilson bags 200MW EPC order in Australia, BHEL tenders for floating solar equipment at Indian coal plant, ACC and Hyperion for JV in Hong Kong.

Cubico Sustainable Investments progresses on another project following acquisition of Cypress Creek portfolio.

Major polysilicon producer Wacker Chemie has warned its overall group profitability for 2019 would be around 30% lower than the prior year, due to continued weak demand from the solar industry in China and continued polysilicon prices declines to industry record lows.

Renewables investor NextEnergy Capital (NEC) has made its second major solar acquisition in the US, cementing its position in the market.

The French firm sees huge potential for more floating PV in Brazil, which boasts substantial hydroelectric infrastructure and generates 64% of its electricity from hydro power.

The utility said the winning bid of $1.6953 cents per kWh is a world record for "PV solar power projects based on the IPP model."

Lightsource BP has announced its entry into the Spanish solar market with the acquisition of a 300MW project portfolio in Zaragoza.

Opening of annual summit this week sees island flex muscle as clean energy innovation hub but can its PV makers bounce back after years of battering by rivals in mainland China?