The figures for China’s booming PV industry will be seen with a tinge of regret
In what analysts worldwide are sure to look back on as the last golden period for global solar – at least for the immediate future – China saw more impressive figures for PV manufacturing in the first half of the year. Then the government stepped in.
US fund New Energy Solar acquires 87 MW Beryl
The Beryl Solar Farm, under development in New South Wales, has been purchased by PV asset fund New Energy Solar. 87 MW Beryl is the second Australian First Solar project to be purchased by New, with its 15-year PPA in place attractive to the asset owner.
Global energy investment in 2017 moved away from energy security and sustainability goals, finds IEA
Following a strong year for clean energy spending, 2017 saw a 7% decline in renewable power investment – to around $298 billion – while the share of fossil fuels in energy supply funding rose for the first time since 2014, according to the International Energy Agency in a report published today.
Q4 could be a ‘hot market’ for solar contract negotiations following China’s changes – BNEF Q&A
In a Q&A with Bloomberg NEF (BNEF), two solar analysts tell pv magazine they see no PV module price rebound, continuing oversupply, and falling utilization rates. They expect Q4 could be a “hot market” for contract negotiations, while Chinese developers will start overseas construction earlier than planned for two key reasons.
Global solar investment drops due to low project costs, China policy change
While overall global investment in clean energy saw a decrease of just 1% YoY in the first half of 2018, solar’s share dropped 19% following changes to China’s PV policy and lower project costs, says Bloomberg NEF (BNEF). It forecasts this trend to continue throughout the year.
UK’s largest solar investor sets up shop in Victoria
Octopus, the largest investor in utility scale solar in the UK has established an office in Melbourne, saying the “fundamental shift from fossil fuels to renewables” in the “rapidly evolving [Australian] market is already underway.
Solar and battery hydrogen innovation hub to be built in Western Australia
Canadian-owned gas network operator ATCO is developing a micro grid at its Jandakot facility, which will use solar power to produce hydrogen fuel. The Australian Renewable Energy Agency has committed $1.5 million to the project.
CEFC commits $35 million to smart meter technology
The Clean Energy Finance Corporation (CEFC) has completed its first smart meter technology financing, backing the expansion of intelliHUB, a joint venture between private equity investment firm Pacific Equity Partners and smart meter manufacturer Landis+Gyr.
Panasonic mulls further investment in Tesla battery gigafactory as shortages loom
The suggestion of additional investments beyond the $1.6 billion follows reports of battery cell shortages as Tesla’s Model 3 picks up production. It is unknown what impacts this will have on Tesla’s stationary storage business.
Genex Power offered $516 million funding for the Kidston renewables hub
Australia’s first large-scale project to use pumped hydro to store solar generated power, the Kidston facility in north Queensland, has landed more than half a billion dollars in concessional finance from the Northern Australia Infrastructure Facility.
