Italian media are reporting arrests have been made after a probe launched into how a huge number of solar panels earmarked for recycling were subsequently re-labelled and sold to some unspecified African countries.
New affiliate Cardinal Renewables will acquire solar projects that venture partner Alchemy Renewables will then manage, operate, maintain and place tax equity financing for.
Project in Sardinia (5MW) emerges as sole PV winner of 500MW auction dominated by wind power (495MW) but industry representatives believe solar future is subsidy-free.
Think tank warns in pre-budget submission paper that government agency – which has no funding beyond 2021-2022 – will run out of money for new projects by mid-2020.
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.
