LDK Solar has signed an an agreement to sell a 15% ownership stake in its 15,000MT annualized capacity polysilicon plant in Xinyu City, China, to Jiangxi International Trust and Investment. The purchase price is approximately RMB1.5 billion (about US$219 million).

“We are very pleased with the continued support of our business from local financial institutions, as evidenced by this recent development,” said Xiaofeng Peng, chairman/CEO of LDK Solar (pictured). “Jiangxi International Trust and Investment Co.’s investment in our 15,000 MT polysilicon plant will significantly strengthen our financial position and increase our near-term operating flexibility.

“We are pleased with the ongoing progress in ramping our 15,000 MT plant and look forward to providing a comprehensive update during our upcoming earnings call,” he added. The quarterly earnings conference call will take place Monday, Nov. 23.

The company completed the first production run at the Xinyu City plant in early September. LDK is also mired in a legal dispute over its wafer supply agreement with Q-Cells.

INDIA CORPORATE RENEWABLE MARKET

21 September 2021

C&I consumers currently source only about 7% of their power requirement directly from renewables. Indian corporate renewable market has grown rapidly and holds huge growth potential as companies look to reduce power purchase costs and cut carbon emissions. BRIDGE TO INDIA has built significant expertise in the corporate renewable business by working on over 30 consulting assignments and various research reports. We are organizing this conference to bring all stakeholders together and delve deeper into various market aspects. The conference will be held on a virtual platform with excellent networking opportunities for all participants.

World Energy Storage Day (WESD)

22 September 2021

To commemorate the World Energy Storage Day(WESD) on 22 September, being recognized worldwide, Customized Energy Solutions (CES) and India Energy Storage Alliance (IESA) is organising the 5th global conference and virtual expo, which will be held virtually on 22 September 2021. WESD is a global movement initiated by various apex trade bodies working to promote and adopt energy storage, e-mobility & green hydrogen technologies for a sustainable future. The forthcoming edition of WESD is expected to attract global participation with an intent to facilitate bi-lateral trade, market development and new research and innovation, which will invite 100+ countries, 100+ regulators & policy makers, 100+ International speakers,1000+ organisations, 100+ partners & exhibitors and 20,000+ global delegates.

Solar Solutions International

28 September 2021

Solar Solutions International is the largest trade show for solar energy in Northwest Europe. Now the solar market has grown up, it's time for the next step. Solar Solutions International displays more than 500 innovations and over 100 practical seminars concerning the latest in energy storage, smart products, and an ever evolving array of solar panels. As an exclusively B2B trade show, Solar Solutions International offers both exhibitors and visitors the chance to network at the highest level. Duurzaam Verwarmd, the largest trade show for sustainable HVAC technology in the Benelux, is held simultaneously. This way your one visit gets you up to date with all of the developments in both sustainable energy and heating.

Intersolar Europe

6 October 2021

Intersolar Europe is the world’s leading exhibition for the solar industry. It takes place as part of The smarter E Europe – the continent’s largest platform for the energy industry. Under the motto “Connecting solar business,” manufacturers, suppliers, distributors, service providers and project planners and developers from around the world meet in Munich every year to discuss the latest developments and trends, explore innovations firsthand and meet potential new customers.

Solar & Storage Finance USA Virtual Summit

6 October 2021

The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.

Intersolar South America

18 October 2021

Intersolar South America, South America’s largest exhibition and conference for the solar industry, takes place at the Expo Center Norte in São Paulo, Brazil on October 18–20, 2021, and has a focus on the areas of photovoltaics, PV production and solar thermal technologies. At the accompanying Intersolar South America Conference, renowned experts shed light on hot topics in the solar industry.

Tata Power to set up 250MW solar project in India

September 20, 2021

A subsidiary of Indian utility Tata Power has received a letter of intent to set up a 250MW grid-connected solar project in the state of Maharashtra.

Vattenfall increases climate targets and commits to net zero by 2040

September 20, 2021

Vattenfall has increased its emissions reduction targets to be in line with the 1.5 degrees Celsius scenario set out in the Paris Climate Agreement in a move that has been approved by the Science Based Targets initiative (SBTi) and which involves increasing its renewable capacity four-fold.

Lightsource BP targeting 25GW of solar deployments by 2025

September 20, 2021

Lightsource BP has increased its solar deployment target to 25GW by 2025 after securing a US$1.8 billion financing facility that will help fund its global expansion.

Australia spending enough money on outdated oil and gas exploration to fund 2.5GW of renewables, says report

September 20, 2021

Australian companies plan to spend AUS$5.1 billion (US$3.7 billion) on offshore gas exploration over the next six years, which is enough to develop 2.5GW of renewables capacity and generate close to 5,000 jobs

Rio Tinto continues solar-storage push with new hybrid installation at Australian mine

September 20, 2021

Mining company Rio Tinto has revealed plans for a new solar project and battery energy storage system that will help to decarbonise an off-grid mine in the Australian state of Queensland.

PODCAST: The changing shape of US solar explained, Europe’s power markets go haywire

September 20, 2021

The US solar policy landscape is shifting at breakneck speed, with new incentives and trade tariffs promising to alter the shape of the industry for the coming decade. Luckily Andy Colthorpe and Liam Stoker are here to decipher the changes in the September 2021 episode of the Solar Media Podcast.

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LDK Solar signs deal to sell 15% interest in polysilicon plant to Jiangxi International Trust

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Tata Power to set up 250MW solar project in India

Vattenfall increases climate targets and commits to net zero by 2040

Lightsource BP targeting 25GW of solar deployments by 2025

Australia spending enough money on outdated oil and gas exploration to fund 2.5GW of renewables, says report

Rio Tinto continues solar-storage push with new hybrid installation at Australian mine

PODCAST: The changing shape of US solar explained, Europe’s power markets go haywire

BP, ADNOC and Masdar team up in multi-billion dollar investment deal for clean and low carbon energy

Dominion Energy Virginia proposes 15 new projects and PPAs with a combined capacity of 1GW

Ørsted appoints new CEO of onshore business

Thailand’s ‘largest’ floating solar project comes online

INDIA CORPORATE RENEWABLE MARKET

World Energy Storage Day (WESD)

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Intersolar Europe

Solar & Storage Finance USA Virtual Summit

Intersolar South America

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Tata Power to set up 250MW solar project in India

Vattenfall increases climate targets and commits to net zero by 2040

Lightsource BP targeting 25GW of solar deployments by 2025

Australia spending enough money on outdated oil and gas exploration to fund 2.5GW of renewables, says report

Rio Tinto continues solar-storage push with new hybrid installation at Australian mine

PODCAST: The changing shape of US solar explained, Europe’s power markets go haywire

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Solar deployment to reach 191GW in 2021 but fall far short of 2030 ambitions, BloombergNEF says

BP, ADNOC and Masdar team up in multi-billion dollar investment deal for clean and low carbon energy

Ørsted appoints new CEO of onshore business

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Thailand’s ‘largest’ floating solar project comes online

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Upcoming Events

Solar & Storage Finance USA Virtual Summit

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An inverter’s role in delivering high availability and low LCOE for a new era of utility-scale solar

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