BloombergNEF figures show financial vehicles linked to environmental and/or social benefits amounted to $247bn worldwide in 2018. The US led the way, almost entirely because state-backed mortgage provider Fannie Mae issued $19.8bn worth of green home loans.
It is unclear whether Angus Taylor is a climate sceptic, but with new PM Scott Morrison having immediately separated the energy and environment ministries – and having in the past professed a curious affection for coal – life could be about to get a whole lot tougher for the Australian PV industry.
Shanghai Electric says the Chinese government’s abrupt decision to rein in solar was a significant factor in the collapse of its planned US$3.64 billion acquisition of a controlling stake in the world’s biggest poly maker.
Former manufacturing giant establishes a foothold in the promising Australian market, and says it is in talks with developer Biosar about supplying further modules for projects in the nation.
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