REC Silicon hit by call-in of $17m loan related to failed wafer operation
Finnish lender Nordea has called in a NOK150 million indemnity loan thought to have been taken out by REC Silicon ASA as a result of the bankruptcy of its Norwegian wafer manufacturing arm seven years ago.
The year in solar, part I: New modules, flat-pack solar and inverter turbulence
The first part of pv magazine’s review of 2019 considers Q1, when solar early adopter Italy offered an optimistic start to the year by fleshing out its plans for PV but uncertainty still clouded the world’s biggest solar market. The potential for household solar installations to rocket the world over – helped by ever cheaper panels – prompted strategic decisions in the inverter market and analyst expectations were confounded as the cobalt and lithium price plummeted, bringing the EV revolution a big step nearer.
Fossil fuel dependence and poor governance? Fasten your seatbelts
A study of the after-effects of the energy transition has assessed 156 nations and ranked a surprising winner. Here, energy expert Indra Overland discusses the findings of the GeGaLo Index as part of our interview examining renewables and geopolitics.
Mirova raises €857m in Eurofideme 4 funding round for renewables
The investment manager is now Europe’s largest renewable energy fund. The €1.3 billion group already has a 1.8 GW generation portfolio.
Flexible energy supply companies hampered by lack of policy
Britain’s renewable energy trade body has published a report examining the state of flexibility market readiness in nine European markets. The result makes for sobering reading for Germany, France and the U.K.
Statkraft buys 326 MW of solar projects in Ireland
The Norwegian power company acquired the projects for around $17.3 million. The transaction indicates interest in large scale solar is on the rise in Ireland and unsubsidized projects are viable.
Completion of 390 MW Benban projects crowns impressive quarter for Scatec Solar
With power production up 133% year-on-year, revenues and EBITDA also rose significantly.
Supermarket rooftop brings commercial solar – and silicon carbide inverters – to Norway
The sizeable rooftop array will feature latest-generation inverters. The project planners claim using 1500 V technology on a commercial rooftop allowed them to drive down costs 10-15%.
REC Silicon prepared to power down the rest of its operation
The Norwegian polysilicon and silane gas producer has announced it will listen to offers for its production facility in Butte Montana after mothballing its other manufacturing operation – at Moses Lake, Washington – in the summer.
Scatec reaches commercial operation for another 112 MW of capacity
The Norwegian developer has opened plants in Ukraine and Egypt. Scatec Solar recently announced it managed to triple energy production in the last year.
