GCL confirms thumping annual loss for 2020
The polysilicon maker lurched from a $17m profit in 2019 to a $960 million loss last year, according to an unaudited extract from its overdue annual figures. Publication is being held up by an auditor enquiry relating to a $71m abandoned-production-project pre-payment which appears to be either owed by, or to, a GCL subsidiary.
UK added 175 MW of solar in first quarter
More than 7% of the U.K.’s solar generation capacity is now unsubsidized, according to trade body Solar Energy UK, with the nation reaching more than 14 GW of photovoltaic projects during the first three months of the year.
Focus of off-grid funding shifts in Africa
West Africa hogged more than twice as much investment as the east in a year which saw stock market backing plunge an ‘alarming’ 46%, leaving donor grant funding and debt to pick up the slack during a Covid-hit year, according to off-grid industry body GOGLA.
Solar changing shape of electricity prices in Northern Europe
Rising volumes of photovoltaic project capacity are increasing the incidence of negative price periods for electricity–and changing the times of day when they occur.
Chinese solar glass companies enjoy bountiful reporting season
An ‘explosive’, ‘booming’ global solar market in the second half of a Covid-hit 2020 saw the previous glass manufacturing overcapacity reversed, as float and auto glass producers bent all their efforts on making material for PV modules.
Chinese solar company highlights credit downgrades of state-owned entities
A record number of defaults last year has spooked some lenders, according to Solargiga, but the solar manufacturer has announced ambitious plans to ramp production capacity this year and next.
Greece’s recovery plan to invest €10bn in clean energy
The Greek government has published its plan for a post-Covid economic recovery. The strategy aims to mobilize at least €10 billion towards the green energy sector, with the prospect of further EU loans on top.
Solar could help Azerbaijan consolidate gains in Nagorno Karabakh after recent conflict
That was just one of the revelations of the latest Dentons’ Guide to renewables investment in Europe, which also noted solar plants could be switched off in Slovakia, Ireland could go either way on clean power pricing, and Luxembourg is struggling with a surprising headache.
Shuifa Singyes reports annual results
The bailed-out solar company has seen its fortunes reverse since state-owned Shuifa rode to the rescue but it still has some assets frozen as the result of civil cases.
‘Solar can energize the East African recovery’
Patrik Huber, co-founder and managing director for East Africa at renewables leasing company Solarise Africa, has spoken to pv magazine about the company’s take on how the region can prime for a green recovery. Huber explained Solarise’s contribution to the recovery includes recent expansion into three new countries.
