finance

‘Solar Module Super League’ (SMSL) member GCL System Integration Technology (GCL-SI) has reported preliminary ‘express’ financial results for 2018, noting a return to a small profit, despite ASP declines impacting total revenue.

Battery technologies hold most potential for nearly two-thirds of asset owners and managers polled by Aquila Capital.

Builder SHS Holdings warns country’s authorities could tear up PPA as plant may not be delivered in time despite deadline extension.

Group lands deal to build 100MW worth of plants in southern Russia, securing a €56.2 million loan to develop a further 90MW in projects in Kazakhstan.

IFC, ADB anchor green bond structure meant to fund 5GW-by-2025 renewable goal of Philippines player, with PV plants under construction in Vietnam.

Octopus survey finds grid-scale plants are most sought-after asset class for institutional financiers, with Australian names the most enthusiastic.

‘Solar Module Super League’ (SMSL) member Canadian Solar has surprised with an upwardly revised PV module shipment forecast for the fourth quarter of 2018.

Leading PV manufacturing equipment supplier Meyer Burger has sold its photovoltaic, semiconductor and sapphire wafering business to Precision Surfacing Solutions for CHF 50 million (US$49.8 million) in cash.

Cubico Sustainable Investments has closed the financing for two solar projects in Portugal totalling 29.4MW.

The corporate power purchase agreement (PPA) market is currently struggling from a “large gulf” in understanding that standardised contracts could solve, but the industry is still a “long way off” from introducing them.