San Francisco-headquartered financial services provider Wells Fargo & Company has said it will provide more than US$100 billion in financing to clean technology and renewable energy transactions by 2030.
India’s Ministry of New and Renewable Energy (MNRE) has reminded implementing agencies of rooftop solar projects under the capital subsidy scheme that they must go through a transparent bidding process to discover tariffs or the project will no longer be eligible for subsidies.
Plus the case for an Indian Green Investment Bank to counter the high cost of capital.
The 50:50 JV named ‘EverSource Capital’ will manage an initial fund named the Green Growth Equity Fund (GGEF), which has the backing of the India and UK governments.
So technically, subject to approvals, California-headquartered SunPower Corp has acquired Hillsboro, Oregon-based PV manufacturer, SolarWorld Americas, yet typically there are many known unknowns regarding the acquisition.
French power giant Total has signed an agreement with the controlling shareholders of another France-based power firm Direct Energie to acquire a 74.33% stake in the company for roughly €1.4 billion.
Australia-based perovskite solar cell developer GreatCell Solar, formerly Dyesol has recently secured European Union (EU) funding of €500,000 (approximately A$800K) through the Horizon 2020 project.
Nanoelectronics R&D organisation imec has been appointed as the lead to a three-year €5 million EU funded R&D program on perovskite solar cells that brings together a number of European research and commercial partners.
‘Silicon Module Super League’ (SMSL) member Canadian Solar has sold its interest in the Guimarania solar energy project in Brazil to Global Power Generation, subsidiary of Spanish energy group Gas Natural Fenosa as it continues to monetize PV power plant projects in the country.
The World Bank will provide a US$50 million grant for off-grid solar systems in Yemen to improve access to electricity and vital basic services in rural and outlying urban areas.
Standard & Poor's (S&P) has lauded the early performance of the solar assets it rates, ultimately concluding that operational risk in solar is “more benign” than other renewable technologies.
‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS reported 5,438MW of modules recognised as revenue in 2017, up 18.7% from 2016. However, revenue was US$2,177.4 million, a decrease of 10.2% from 2016.
‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS said it had discontinued its ingot and wafer manufacturing operations in the fourth quarter of 2017, due to the wafer operations being unprofitable.
German-based CdTe thin-film module manufacturer Calyxo GmbH has entered insolvency proceedings in Thalheim, Germany.
Leading polysilicon and multicrystalline wafer producer GCL-Poly Energy Holdings is planning to build a 20GW monocrystalline silicon ingot manufacturing facility in Qujing, China.
