Solar industry calling for intervention from Ministers to avoid crippling tax hike
The consolidated portfolio comprises 11 companies with a total of 30 PV plants, all operating and connected to the grid for an average of 4 years. Simultaneously to the acquisition, the project companies have repaid existing outstanding bank loans and a new senior loan on the new holding level has been procured with attractive pricing, terms and conditions.
The country has plenty of sun and a great demand for energy - these are the ideal conditions for supplying electricity by means of photovoltaic systems.
By Frank Xie, senior research analyst, IHS Technology
A sports car named "Hanergy Solar R" made its debut as Li Hejun, Board Chairman and CEO of Hanergy Holding Group, drove it around the venue in the spotlight. In his speech, Mr. Li elaborated on the advantages of thin-film solar cells such as light weight and flexibility, enabling the cells to be integrated into a variety of products such as cars, unmanned aerial vehicles, mobiles, backpacks and clothes. The full solar power vehicles making their debut showcase the latest achievements of Hanergy's mobile energy strategy, he said.
Andrew Follett for the Daily Caller: Officials from Britain’s wind industry are terrified their subsidies and tax incentives will end because of the U.K.’s decision to leave the European Union, according to a report by Reuters published Friday. The report found that British wind companies, particularly ones that specialize in offshore wind power, are worried that Brexit places the government subsidies and easy access to financing at risk. The industry is deeply dependent on these subsidies to make projects more economically viable. Britain’s political uncertainty following the pending resignation of Prime Minister David Cameron means cuts to subsidies are likely. The Brexit could also make it much harder for wind companies to get loans from European banks, which could significantly slow the expansion of wind power. Cont'd...
SEIA/CCSA Release First-Of-Its-Kind Residential Consumer Guide to Community Solar
The digitalization of the energy sector is the next major milestone on the road to a global energy transition. The primary aim is to effectively integrate renewable energies into the grid in order to match supply and demand in an intelligent way. Intersolar Europe, the world's leading exhibition for the solar industry and its partners, and ees Europe 2016, the continent's largest exhibition for batteries and energy storage systems, were dedicated to this new energy world.
• IRENA expects PV capacity between 1,760 and 2,500 GW by 2030 • EU PVSEC 2016 with 334 oral and 719 visual presentations again the largest top-level scientific conference in PV • Participants from 73 countries
Fred Lambert for Electrek: Last week, Elon Musk announced his plan for Tesla to acquire SolarCity and fold the solar installer’s operations into Tesla’s own business. The offer is still contingent on board approval and shareholder votes at both companies, but Electrek has now learned that the automaker is going ahead with trademark applications to sell solar products under its ‘Tesla’ brand. According to trademark filings obtained by Electrek, Tesla’s trademark and copyright attorney at Cooley LLP, Ariana Hiscott, filled 6 new trademark applications for the company on June 22nd – the day Tesla announced the offer. The trademarks applications range from solar cells and solar modules: “Solar energy equipment, namely, photo-voltaic solar modules for converting electronic radiation to electrical energy; and equipment for use in collecting and converting solar into electricity, namely, solar cells and inverters.” To the installation and repair of solar panels: “Installation, maintenance and repair of solar panels and other equipment for use in converting solar energy into electricity; installation of solar energy systems and consulting related thereto.” It also covers the monitoring of solar energy generation and the financing of solar installations. All applications are for the trademark “Tesla”. Cont'd...
Powin Energy Receives Patent for Battery Pack Operating System Used in Energy Storage and EV Fast-Charging Stations
Operating system improves safety and functionality while adding visibility into the health of storage systems
Through the consensus-based roadmapping process, the SMART Wind Consortium has linked together more than 2 dozen distributed wind energy equipment manufacturers
Multi-crystalline cell price falls consecutively this week, closing at historical low this week. As the demand freezes in China after the installation rush comes to the end, multi-crystalline solar cell makers have seen sharp order declines from Chinese PV module makers. For most of multi-crystalline cell markers who heavily rely on Chinese orders, they have to offer more competitive price in order to get rid of the excess stockpiles and compete to secure the orders. Moreover, the oversupply situation should worsen as most multi-crystalline cell makers still maintain at full productions and have no intention on curtailing production.
POWER-GEN Europe and Renewable Energy World Europe welcomes largest footfall in four years
Following is a comment by Tom Kimbis, acting president of the Solar Energy Industries Association (SEIA) on the agreement by the United States, Mexico and Canada to reduce greenhouse gas emissions by relying on clean energy sources for 50 percent of electricity generation by 2025:
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