Namibian utility secures financing for 100 MW of solar
Namibia Power Corp. (NamPower) has secured a loan from German state-owned development bank KfW to expand the planned Rosh Pinah project in Namibia from 70 MW to 100 MW. The NAD 1.3 billion ($72.6 million) loan will cover 80% of the solar project’s costs.
Clime Capital invests $10 million in PV developer in Philippines
Singapore-based fund manager Clime Capital is investing up to $10 million in Upgrade Energy Philippines (UGEP). The money will go toward supporting commercial and industrial (C&I) and utility-scale solar deployment.
Germany’s Fellensiek files for insolvency
German PV project developer Fellensiek Projektmanagement GmbH & Co. KG has filed for insolvency due to claims from an unnamed investor. However, the company’s 20 project entities remain unaffected, and buyers are being sought for their sale.
Poland relaunches residential solar, storage rebate scheme
The sixth edition of the Polish government’s residential solar and storage rebate scheme is now open, with a total budget of PLN 400 million ($103.2 million). Applications will be accepted until Dec. 20, or until funds are exhausted.
Q Energy secures €50.4 million for Europe’s biggest floating PV project
Renewables developer Q Energy has closed €50.4 million ($55.7 million) in financing for a 74.3 MW floating solar plant in northeastern France. Construction is already underway, with commissioning planned for the first quarter of next year.
Chinese PV Industry Brief: JinkoSolar, Longi, Trina Solar report H1 results
JinkoSolar says it recorded CNY 47.251 billion ($6.6 billion) of revenue and a CNY 1.2 billion net profit in the first half of 2024, while Longi’s revenue plunged to CNY 38.529 billion in the January-June period, with a net loss of CNY 5.243 billion.
Australian renewable investments surging, says Clean Energy Council
A new Clean Energy Council (CEC) report highlights a steady recovery in large-scale renewable energy investment and strong ongoing investment in energy storage in Australia.
Assessing floating PV costs across Europe
Researchers have analyzed the viability of floating PV in terms of net present value, internal rate of return, and LCOE. They included 25 European countries in their work, including Germany, the United Kingdom, Spain, and Italy.
ACWA Power secures $2.6 billion for 5.5 GW of solar in Saudi Arabia
ACWA Power has obtained $2.6 billion through a consortium of banks for three solar plants in Saudi Arabia, with a combined capacity of 5.5 GW.
Kosovo opens solar thermal system subsidies for mirco to medium businesses
Micro, small and medium sized enterprises in Kosovo can now apply for subsidies to install solar thermal systems. The deadline for applications is August 31.
