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Solar finance race is on in decade of action!

The private financiers at New York and other global hubs are increasingly investing in solar projects but overall funding volumes have not returned to 2014 and 2015 highs, according to Mercom (Image credit: Sam Valadi / Flickr) Solar finance has entered a new decade riding a wave of corporate attention and upbeat stats but must pick up the pace in the coming years if the world is to avoid destructive global ...

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Vietnams Solar FiT 2020

After the Government Office's notification No. 402/TB-VPCP dated 22 November 2019 on solar power FiT2 and auction scheme, the MOIT has coordinated and consulted with EVN, MOF and MOJ to finalize its draft solar power FIT2. On 31 December 2019, a final draft submission letter from MOIT (with signature but no stamp) (NB: no draft FiT2 PM Decision attached also) for FiT2 PM Decision has been internally circula ...

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Solar Surging in Cambodia

One hour west of Cambodia’s capital an array of iridescent panels stretches between palm trees, glistening through dust clouds from a neighbouring highway. A year ago it was a barren expanse of chalky soil. Now it’s Cambodia’s largest solar farm. The joint Cambodian-Chinese project, which came online in August, is only Cambodia’s second utility-scale solar project. But the government has approved more than ...

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Is the Sun setting on India’s Solar dreams?

 In September, while speaking at the United Nations Climate Action Summit in New York, Prime Minister Narendra Modi committed to setting up 450 gigawatts (GW) of non-fossil fuel power by 2022. With this, he more than doubled the initial target of 175GW of green energy that his own government had set in 2018. “We must accept that if we have to overcome a serious challenge like climate change, then what we ar ...

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BSES & Power Ledger Launch Solar Energy Trading Platform

BSES Rajdhani Power Limited (BRPL) has partnered with Power Ledger, a blockchain-based renewable energy trader, and launched trials for a peer-to-peer (P2P) energy trading platform. The platform will allow residents with rooftop solar installations to sell excess energy to their neighbors instead of letting it flow back to the power grid. The idea is to enable participants easier and cheaper access to renew ...

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Southeast Asia’s Solar Capacity to Triple

SINGAPORE – Southeast Asia is accelerating plans to harness energy from the sun in coming years as the cost of generating electricity from some solar power projects has become more affordable than gas-fired plants, officials and analysts said. The region, where power demand is expected to double by 2040, is striving to expand the share of renewable sources as developing nations seek affordable electricity w ...

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US Reliant on Chinese Polysilicon

The three largest manufacturers of polysilicon in the United States stressed today that Chinese tariffs imposed on U.S.-made polysilicon over the past five years have put the industry at risk, making the U.S. effectively reliant on China for this critical material. During a meeting with the U.S. House Manufacturing Caucus at the Cannon House Office Building, leaders from Hemlock Semiconductor Operations (HS ...

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ADB $37 Mln Loan for Largest Floating Solar Project in Region

After commissioning the largest solar farm in Southeast Asia last month Vietnam is to kick its use of renewable energy to a higher level with the largest installation of floating solar photovoltaic (PV) panels in the region. A $37 million loan agreement signed October 2 between the Asian Development Bank (ADB) and Da Nhim–Ham Thuan–Da Mi Hydro Power Joint Stock Company (DHD), a subsidiary of Viet ...

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Southeast Asia’s Largest floating Solar Plant Signs $37mn ADB Loan

 The Asian Development Bank (ADB) today signed a $37 million loan agreement with Da Nhim–Ham Thuan–Da Mi Hydro Power Joint Stock Company (DHD) to finance the installation of a 47.5 Megawatt (MW) floating photovoltaic (PV) solar powerfacility on the man-made reservoir of DHD’s existing 175 MW Da Mi hydropower plant. The project marks the first large-scale installation of floating solar PV panels in Viet Nam ...

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AC Energy Invest $20 Million in RE Projects in Asia Pacific

THE power unit of conglomerate Ayala Corp. is investing $20 million to partly finance the development, construction and operations of renewable-energy (RE) power projects in the Asia-Pacific (AsPac) region, with a goal of building a portfolio of over 1 gigawatt in the next few years. AC Energy, through AC Renewables International Pte. Ltd., will undertake these power projects together with UPC Ren ...

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