Finance

Enphase Q2 micro-inverter revenue falls despite demand ‘rebound’

Coming off a strong, profitable first quarter, Enphase sees the second-quarter results of Covid-19 in compressed revenue and a swing to a loss. Gross margins remain strong.

CEFC takes stock of the future, backs Australian Climate Transition Index

The Clean Energy Finance Corporation is set to become the cornerstone investor in a BNP Paribas’ issuance $140 million in new Australian green bonds through its Australian Climate Transition Index, an index for investors to parse the companies that will survive and thrive into a decarbonised future from those who will decay and die.

Shell Australia acquires carbon farming business Select Carbon

The Anglo-Dutch power company will buy Perth-based environmental specialist Select Carbon as part of a broader ambition to reach net-zero emissions by 2050 or sooner.

Sterling and Wilson: Europe will be our next stop

Having bagged large orders in the U.S. and Australia, Indian multinational engineering, procurement and construction (EPC) services provider Sterling and Wilson Solar is bidding for tenders in new regions, Europe among them. Kannan Krishnan, S&W’s chief operations officer for solar in India and the South Asian Association for Regional Cooperation area, speaks to pv magazine about the impact of Covid-19 on the solar EPC business and the company’s expansion plans.

Chevron turns to renewables to power Western Australia facilities

The oil and gas giant has announced it will build 500 MW of renewable energy projects to power some of its global facilities under the four-year agreement with Canada’s Algonquin Power & Utilities.

U.S. utility giant invests in 5B to accelerate use of solar energy

AES, one of the world’s largest power companies, has made a strategic investment in Sydney-based pre-fabricated solar array manufacturer 5B to meet the growing needs of its customers for solar.

Hornsdale posts big first-half revenue for Neoen, solar remains consistent despite poor conditions 

Neoen’s Hornsdale Power Reserve has gone to work in the first half of 2020, virtually tripling the French renewables developer’s storage revenue on comparative 2019 levels. However, this growth was largely caused by a one-off event, and a slower Q2 highlights the need for FCAS policy renewal. Neoen’s Australian solar revenues could also achieve little more than consistency thanks to poor conditions.

Victoria expands Solar for Rentals program

The Victorian government has boosted its solar rental scheme with interest-free loans in addition to two rebates per financial year landlords were already able to access.

Federal government awards major project status to Sun Cable’s 10 GW solar plan

The Australian federal government is fast-tracking the world’s biggest solar and storage project in the sun-drenched Tennant Creek region that aims to power Darwin and export solar from the outback to Singapore and eventually Indonesia via a submarine transmission link.

Iberdrola locks in improved takeover offer for Infigen

Infigen Energy on Friday continued to unanimously recommend a revised offer from Iberdrola to its shareholders, after the Spanish renewable energy giant locked in an $893 million offer.

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