JinkoSolar gets US$25 million for Malaysian operations
Inside a JinkoSolar panel factory. Source: JinkoSolar
30 August: A subsidiary of ‘Silicon Module Super League’ (SMSL) member JinkoSolar has signed a US$25 million combined tradeline agreement with Malaysia’s largest financial services group, Maybank.
JinkoSolar Technology SDN BHD (JinkoSolar Malaysia) will use this financing to support trade finance and working capital in this region.
"As the largest commercial bank in Malaysia, their tradeline will not only provide our Malaysian production facility with added financial flexibility, but also it will help our business expansion there," said Charlie Cao, JinkoSolar's CFO, in a statement. "Leveraging our capacity in Malaysia, we are committed to serve our local and global customers, and look forward to developing a deeper relationship with Maybank going forward."
Maryland community solar under FERC investigation
Source: Flickr/Clean Energy Resource Team
29 August: The Southern Maryland Electric Cooperative (SMECO), an electric distribution co-op, has requested the Federal Energy Regulatory Commission (FERC) to investigate the state’s community solar programme, over allegations of law violation.
SMECO claims that the Maryland Public Service Commission (PSC) violated two federal laws by making utilities buy excess generation from community solar projects at retail rates, despite the federal Public Utility Regulatory Policies Act (PURPA) limiting the size of qualifying plants to 80MW, according to the co-op. Rates for other larger scale renewable generation fall under FERC’s remit, it said.
Despite Maryland’s three-year pilot programme getting approved by regulators in June, FERC is now to investigate whether the PSC would be violating federal law if community solar lowers payments to wholesale rates.
Sunverge provides systems for Minnesota emergency centre
Duluth-based Hartley Nature Centre installs Sunverge energy storage system to provide community phone charging station during grid outages. Source: Hartley Nature Centre
29 August: Sunverge has installed its solar-plus storage Solar Integration System (SIS) at local emergency response centre, Hartley Nature Centre, in Minnesota, Duluth.
The system will provide reliable backup to meet needs of shelter residents during power outages, in a first of its kind in the state operation. The SIS switches from the grid to stored power at peak demand times, saving owners money while reducing emissions from traditional power plants.
Funding for this offering was provided by the SunShot Initiative, the Clean Energy Group and other partners.
Understanding bifacial’s true potential: technology innovation and technical bankability of bifacial
The deployment of bifacial PV technology is growing rapidly. It has proven to be the most effective solution to reduce levelised energy costs (LCOE) and increase the Investment Rate of Return (IRR) of PV systems, offering substantially improved energy yield compared to the use of standard mono-facial modules. Even though the concept is not new, it has been a niche technology for many years with uncertainties in predicting performance and optimizing installations. Today, bifacial technology is becoming mainstream, with capacity available at the multi-gigawatt scale and with corresponding global deployment of project pipelines. Join this webinar, presented by Andrea Viaro, as he discusses the award-winning Swan bifacial module with transparent backsheet from DuPont, its features, benefits and differences vs. standard glass-glass modules. Jinko Solar’s new bifacial technology innovations will also be highlighted, specifically covering profitability in deployment at utility-scale PV power plants. Andrea will be joined by Dr.Lars Podlowski who will give a comprehensive introduction to all aspects of bifacial PV technology, with a special focus on benefits and risks industry buyers and investors should pay attention to.
Understand fully the technical and logistical supply chains that determine the production and performance of solar modules, including all related factors impacting quality, reliability & bankability.
Now in its sixth successful year, Solar & Storage Finance USA is the only event which looks at raising capital for solar, storage and collocated solar and storage projects in the USA. The conference will help delegates understand how providers are evolving propositions for storage and how they can access capital for standalone solar or storage, and co-located projects. Meet debt providers, funders, utilities, corporate off takers and blue chip energy firms with capital to invest and developers with credible pipelines.