ING to lend $37m to Sunseap to build 50 MW in Asia
The Dutch banking group will serve as sole mandated lead arranger for the S$50 million loan. A unit of Singapore-based developer Sunseap will use the funds to build a 50 MW portfolio of rooftop PV projects.
LCOE for li-ion batteries has fallen to $187/MWh — BloombergNEF
Lithium-ion batteries are increasingly posing a competitive threat to coal- and gas-fired generating plants when paired with solar and wind projects in a number of markets throughout the world, without the need for subsidies, according to new research by BloombergNEF (BNEF).
Shunfeng to sell production assets for $447m
A unit of Shunfeng International Clean Energy (SFCE) has agreed to sell PV manufacturing assets to Asia Pacific Resources Development Investment for RMB 3 billion ($447 million).
Canadian Solar’s PV module shipments surpass 6.6 GW in 2018
Canadian Solar recorded net income of $237.1 million in 2018, from $99.6 million a year earlier, on annual PV module shipments of 6.62 GW.
Long read: Big battle over small-scale
While the rooftop market segment might indicate smooth sailing, the debate over low cost suppliers and installers serving Australian homes and businesses continues to simmer just beneath the surface. And one name remains especially prominent in the discussion: Euro Solar.
Marubeni to double global renewables portfolio in shift from coal
Marubeni has revealed plans to halve its 3 GW global coal-fired power portfolio by 2030, and double its holdings of renewable energy within the next five years.
Blockchain could significantly shape management of renewables, but challenges remain – report
The evolving outlook for project finance, as well as the gradual maturation of technologies, such as blockchain, present new challenges and opportunities for renewables, EY says in its latest Renewable Energy Country Attractiveness Index (RECAI) report. Uncertainty in the sector continues to drive a “relentless focus on cost” to soften the impact of protectionism, subsidy cuts and rising interest rates throughout the world, it adds.
Tenaga Nasional signs PPAs for 60 MW in Malaysia
Tenaga Nasional Bhd. has signed PPAs for two large-scale, grid-connected solar projects in Malaysia.
Renewables to drive economic growth in SE Asia — IRENA
The 10 members of the Association of Southeast Asian Nations (ASEAN) are on track to make solar and other renewables account for 23% of the region’s total primary energy supply (TPES) by 2025, but governments will need to create better policy and investment frameworks to make it happen, according to the International Renewable Energy Agency (IRENA).
Australian government to back blockchain PV, water project
The Australian government has agreed to provide $2.57 million to support a two-year pilot project that will use blockchain technology to pair utility-scale and commercial rooftop PV with a battery, electric vehicle charging stations and water treatment and capture systems in the port city of Fremantle.
