Trina exits EU price undertaking

first_imgTrina exits EU price undertakingThe company says the minimum import price does not reflect current market trends, which show average selling prices in major markets continuing to decline at a faster than expected rate. Trina will now supply EU markets through its overseas manufacturing facilities. December 11, 2015 Edgar Meza Legal Manufacturing Markets Markets & Policy Share Trina Solar said Friday that it was withdrawing from the European Union’s price undertaking (UT) and would continue to service EU customers through its overseas manufacturing facilities. The European Commission accepted the UT, in which Chinese companies agreed to sell solar cells and panels in the EU at a price above a fixed minimum import price (MIP) after it had imposed anti-dumping and anti-subsidy duties on PV imports from China. Chinese manufacturers that did not accept the terms of the agreement faced high AD and AS duties, which for Trina Solar were 47.7% and 3.5%, respectively, to be applied for a two-year period beginning Dec. 6, 2013. While Trina initially chose to join the UT, it has taken issue with the European Commission’s current interpretation of the agreement, which it says “unfairly limit the company’s growth potential in the European region, and are disruptive to the company’s ongoing global expansion strategy.” In addition, the EU Commission said recently that it would initiate a review of the situation but maintained that the AD and AS and UT measures would remain in force. Trina Chairman and CEO Jifan Gao, said, “We believe the current iteration of the UT agreement misinterprets the rules and scope of the original UT, and adversely affects the execution of our global expansion strategy.” Specifically, Gao said the prohibition of manufacturing modules in overseas facilities, regardless of whether the modules would be sold to the EU or to non-EU markets was “an obvious misapplication to the UT agreement.” He added that the MIP did not reflect current market trends in the solar sector, “particularly as average selling prices in major markets continue to decline at a faster than expected rate, with downward pressure anticipated to continue for the foreseeable future.” As a consequence, the Chinese companies that remain in the UT have lost their competitiveness to non-Chinese rivals in the EU, he added. “With our recognized brand name, advanced technology and established customer base, we believe our withdrawal from the UT will allow us to better develop our business in the region through our tariff-free overseas facilities and to regain market share under a more flexible pricing strategy,” Gao said, adding that Trina would continue its commitment to “fair market competition and a balanced trading environment that would help to achieve our mission of benefitting mankind with clean energy.”Popular content The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. 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Yet sometimes, even when best practice is applied – and without particul… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… Spanish developer plans 1 GW solar plant coupled to 80 MW of storage, 100 MW electrolyzer Pilar Sánchez Molina 22 April 2021 pv-magazine.com Soto Solar has submitted the project proposal to the Ecological Transition and the Demographic Challenge (Miteco). The solar plant could start produc… We all trust the PV performance ratio test Dario Brivio, Partner 20 April 2021 pv-magazine.com The performance ratio test is at the core of the handover from EPC to owner. Yet sometimes, even when best practice is applied – and without particul… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… 123456Share pv magazine The pv magazine editorial team includes specialists in equipment supply, manufacturing, policy, markets, balance of systems, and EPC.More articles from pv magazine Related content ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German enginee… Higher performance with bigger modules a ‘no brainer’ Sandra Enkhardt 26 April 2021 pv-magazine.com Jan Bicker, who replaced Steve O’Neil as the CEO of REC on March 1, says that one of his top priorities is the ongoing d… African solar installers feel the pinch of rising panel prices Max Hall 26 April 2021 pv-magazine.com With Chinese manufacturers having warned they will pass on escalating component costs, and shipping expenses soaring sin… South Australia sets record as electricity prices consistently plunge below zero Bella Peacock 28 April 2021 pv-magazine.com Rooftop solar has caused South Australia’s average daytime prices to consistently fall below zero for the first time in … Italy devotes €1.1bn to agrivoltaics, €2bn to energy communities and storage Sergio Matalucci 28 April 2021 pv-magazine.com The funds will be part of the EU Covid-19 recovery package. Overall, the Italian government expects to deploy 2 GW of ag… The weekend read: PV feed in, certified pv magazine 1 May 2021 pv-magazine.com As more renewable energy capacity is built, commissioned, and connected, grid stability concerns are driving rapid regulatory changes. iAbout these recommendations Elsewhere on pv magazine… MIBEL alcanzó nuevamente los precios más bajos de Europa mientras subieron en el resto de mercados eléctricos pv magazine 23 March 2021 pv-magazine.es En la tercera semana de marzo los precios de la mayoría de mercados eléctricos europeos subieron, mientras que MIBEL mar… Tasmanian Labor installs solar at the top of its campaign promises Blake Matich 8 April 2021 pv-magazine-australia.com Tasmania (TAS) is going to the polls on May 1, and the opposition Labor Party has put forth a $20 million plan to fund l… India closing in on 7 GW of rooftop solar pv magazine 13 April 2021 pv-magazine-australia.com India’s cumulative installed capacity of rooftop solar stood at 6,792 MW as of December 31, 2020, with 1,352 MW having b… Spotlight on Australian solar Bella Peacock 21 April 2021 pv-magazine-australia.com Calculating the average sunlight hours data from the Bureau of Meteorology from January toDecember 2020, Darwin was cro… Q&A: EEW’s $500 million Gladstone solar to hydrogen project is just the start Blake Matich 18 March 2021 pv-magazine-australia.com pv magazine Australia: Australia is the testing ground for a lot of different aspects of the future green hydrogen market. Cracking the case for solid state batteries pv magazine 29 April 2021 pv-magazine-australia.com Scientists in the UK used the latest imaging techniques to visualize and understand the process of dendrite formation an… iAbout these recommendations Leave a Reply Cancel replyPlease be mindful of our community standards.Your email address will not be published. Required fields are marked *CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. 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Select one or more editions for targeted, up to date information delivered straight to your inbox.Email* Select Edition(s)*Hold Ctrl or Cmd to select multiple editions.Tap to select multiple editions.Global (English, daily)Germany (German, daily)U.S. (English, daily)Australia (English, daily)China (Chinese, weekly)India (English, daily)Latin America (Spanish, daily)Brazil (Portuguese, weekly)Mexico (Spanish, daily)Spain (Spanish, daily)France (French, daily)We send newsletters with the approximate frequency outlined for each edition above, with occasional additional notifications about events and webinars. We measure how often our emails are opened, and which links our readers click. To provide a secure and reliable service, we send our email with MailChimp, which means we store email addresses and analytical data on their servers. You can opt out of our newsletters at any time by clicking the unsubscribe link in the footer of every mail. 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After 10 years of delays, regional pilot schemes and general uncertaint… iAbout these recommendationslast_img read more

USTDA backs 100 MW PV project in Ghana

first_imgUSTDA backs 100 MW PV project in GhanaUSTDA awarded a grant to a Ghanaian solar power developer to bring a 100 MW PV project in Ghana towards financial close. May 23, 2016 pv magazine Installations Markets Markets & Policy Share U.S. Trade and Development Agency (USTDA) awarded a US $704,815 grant to a Ghanaian solar power developer Home Energy Africa that will help to build a 100 MW PV plant in the village of Nyimbale-Sankana, Ghana.According to the grant agreement signed at the U.S. Embassy in Accra last week, the developer will use the money to finance the technical assistance of the project. This includes preparation for power purchase agreement negotiations, services contracts and financing arrangements. Home Energy Africa has selected Brooklyn-based GreenMax Capital Advisors to provide the service.“Lack of power is a challenge we see across sub-Saharan Africa. Two out of three people in this region lack access to electricity. That hinders business, and it hinders prosperity. We’ve made increasing access to power one of the top priorities for our bilateral relationship”, said the U.S. Ambassador to Ghana Robert P. Jackson.The new PV plant in Nyimbale-Sankana is expected to generate enough clean electricity to power 80,000 average homes in Ghana. According to the local media, construction of the facility will start in 2017.The lack of sustainable power supply is a main hurdle in Ghana’s economic growth. The government is currently targeting 5GW of installed power generation in the country, including 10% from renewable sources.In early April, Ghana’s first solar module manufacturing plant, with an annual production capacity of 30 MW, was opened in Kpone. A week later, a Chinese company Beijing Xiaocheng powered a 20 MW plant near Accra, which is the country’s biggest operating PV facility to date.This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected] content ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… Submarine cable to connect 10.5 GW wind-solar complex in Morocco to the UK grid Emiliano Bellini 22 April 2021 pv-magazine.com UK-based Xlinks is planning to build 10.5 GW of wind and solar in Morocco and sell the power generated by the huge plant in the UK. This should be ma… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… The weekend read: PV feed in, certified pv magazine 1 May 2021 pv-magazine.com As more renewable energy capacity is built, commissioned, and connected, grid stability concerns are driving rapid regulatory changes. In the Europea… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… Submarine cable to connect 10.5 GW wind-solar complex in Morocco to the UK grid Emiliano Bellini 22 April 2021 pv-magazine.com UK-based Xlinks is planning to build 10.5 GW of wind and solar in Morocco and sell the power generated by the huge plant in the UK. This should be ma… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… The weekend read: PV feed in, certified pv magazine 1 May 2021 pv-magazine.com As more renewable energy capacity is built, commissioned, and connected, grid stability concerns are driving rapid regulatory changes. In the Europea… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… 123456iAbout these recommendationsShare pv magazine The pv magazine editorial team includes specialists in equipment supply, manufacturing, policy, markets, balance of systems, and EPC.More articles from pv magazine Related content ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German enginee… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Orig… Chinese PV Industry Brief: Another massive polysilicon deal, heterojunction module factory begins production Max Hall 30 April 2021 pv-magazine.com Polysilicon manufacturer Xinte Energy has signed a deal to supply 181,000 tons of poly to module manufacturer JA Solar f… SEIA releases tool aimed at increasing solar supply chain transparency David Wagman 30 April 2021 pv-magazine.com The document is written to have “universal application” across product lines intended for export to the U.S. market, and… Higher performance with bigger modules a ‘no brainer’ Sandra Enkhardt 26 April 2021 pv-magazine.com Jan Bicker, who replaced Steve O’Neil as the CEO of REC on March 1, says that one of his top priorities is the ongoing d… No bifacial solar in West Africa? That’s likely to change soon Cosmas Mwirigi 20 April 2021 pv-magazine.com A technology-focused event held by the Africa Solar Industry Association has heard development pipelines across the cont… iAbout these recommendations Elsewhere on pv magazine… MIBEL alcanzó nuevamente los precios más bajos de Europa mientras subieron en el resto de mercados eléctricos pv magazine 23 March 2021 pv-magazine.es En la tercera semana de marzo los precios de la mayoría de mercados eléctricos europeos subieron, mientras que MIBEL mar… Tasmanian Labor installs solar at the top of its campaign promises Blake Matich 8 April 2021 pv-magazine-australia.com Tasmania (TAS) is going to the polls on May 1, and the opposition Labor Party has put forth a $20 million plan to fund l… India closing in on 7 GW of rooftop solar pv magazine 13 April 2021 pv-magazine-australia.com India’s cumulative installed capacity of rooftop solar stood at 6,792 MW as of December 31, 2020, with 1,352 MW having b… Spotlight on Australian solar Bella Peacock 21 April 2021 pv-magazine-australia.com Calculating the average sunlight hours data from the Bureau of Meteorology from January toDecember 2020, Darwin was cro… Q&A: EEW’s $500 million Gladstone solar to hydrogen project is just the start Blake Matich 18 March 2021 pv-magazine-australia.com pv magazine Australia: Australia is the testing ground for a lot of different aspects of the future green hydrogen market. Cracking the case for solid state batteries pv magazine 29 April 2021 pv-magazine-australia.com Scientists in the UK used the latest imaging techniques to visualize and understand the process of dendrite formation an… iAbout these recommendations Leave a Reply Cancel replyPlease be mindful of our community standards.Your email address will not be published. Required fields are marked *CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.Further information on data privacy can be found in our Data Protection Policy.Keep up to date pv magazine Global offers daily updates of the latest photovoltaics news. We also offer comprehensive global coverage of the most important solar markets worldwide. Select one or more editions for targeted, up to date information delivered straight to your inbox.Email* Select Edition(s)*Hold Ctrl or Cmd to select multiple editions.Tap to select multiple editions.Global (English, daily)Germany (German, daily)U.S. (English, daily)Australia (English, daily)China (Chinese, weekly)India (English, daily)Latin America (Spanish, daily)Brazil (Portuguese, weekly)Mexico (Spanish, daily)Spain (Spanish, daily)France (French, daily)We send newsletters with the approximate frequency outlined for each edition above, with occasional additional notifications about events and webinars. We measure how often our emails are opened, and which links our readers click. To provide a secure and reliable service, we send our email with MailChimp, which means we store email addresses and analytical data on their servers. You can opt out of our newsletters at any time by clicking the unsubscribe link in the footer of every mail. For more information please see our Data Protection Policy. Subscribe to our global magazine SubscribeOur events and webinars Out with the old… A guide to successful inverter replacement , pv-magazine.com Discussion participantsRoberto Arana-Gonzalez, Service Sales Manager EMEA, SungrowFranco Marino, Regional Service Mana… Virtual Roundtables USA 17 November 2020 pv-magazine.com We will be hosting the second edition of our successful Virtual Roundtables this year in November. The program will be f… Reducing solar project risk for extreme weather 20 April 2021 pv-magazine.com Discussion participantsDaniel H.S. Chang, VP of Business Development | RETCGreg Beardsworth, Sr. Director of Product M… iAbout these recommendations pv magazine print ESG criteria: Should developers take notice? Michael Fuhs 7 April 2021 pv-magazine.com Something is brewing in the financial world. “Sustainable finance” and the growth of ESG funds have been taking the mark… 10 GW is just the beginning Blake Matich 7 April 2021 pv-magazine.com Giant PV and wind projects are taking shape in Australia’s north, with the aim of supplying Asia with the clean energy i… pv magazine test: February 2021 results pv magazine 7 April 2021 pv-magazine.com We are pleased to report on the next batch of energy yield results from the outdoor test field in Xi’an, China. We prese… When quality meets quantity Jonathan Gifford 7 April 2021 pv-magazine.com As 2021 progresses, the signs of it being (yet another) banner year for PV deployment become clearer. An increasing numb… PV feed in, certified pv magazine 7 April 2021 pv-magazine.com As more renewable energy capacity is built, commissioned, and connected, grid stability concerns are driving rapid regulatory changes. Australia’s next wave of large-scale solar development pv magazine 7 April 2021 pv-magazine.com Call it “latent energy” – Australia’s renewable resources are expected to help some of the world’s greatest polluters to… iAbout these recommendationslast_img read more

GCL New Energy selling USD 14 million of PV equipment to China Finance

first_imgGCL New Energy selling USD 14 million of PV equipment to China FinanceThe solar PV manufacturing equipment will be sold to China Finance in two separate transactions, and will then be leased back to two separate subsidiaries of the GCL New Energy group, as the company looks to raise capital to reduce its debts and stimulate business development. October 20, 2016 Sam Pothecary Finance Markets Markets & Policy Share A somewhat complicated transaction has been revealed within a GLC New Energy filing, which outlines the sale of its PV manufacturing equipment to China Finance, only for it to be leased back to subsidiaries of the company. The transaction is being used to raise additional liquidity, in a bid to support the company’s business operations.There have been two deals set up between GCL New Energy, China Finance, and several of the company’s other subsidiaries. The first is a deal for Gaoyou PV Power Generation Equipment, to be sold to China Finance for RMB 61, 337, 800 (USD 9.1 million). That equipment will then be leased to Gaoyou GCL (a subsidiary of GNE) for ten years, at a total cost, including administrative fee, of RMB 79, 135, 595.59 (USD 11.7 million).The second deal, identical in its structure, is for Baoying PV Power Generation Equipment being sold to China Finance for RMB 36,896,047.58 (USD 5.5 million), then to be leased to Baoying GCL (a subsidiary of GNE) for ten years, at a total cost, including administrative fee, of RMB 47, 829, 357.35 (USD 7.1 million).The company announced that the reason for the deal is to raise additional liquidity, which will give the company further working capital to support its business and operational activities. At the beginning of the year, the company announced that it was looking to raise significant capital to reduce the company debt and to stimulate business development, particularly in the solar plant segment.This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected] content ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… Submarine cable to connect 10.5 GW wind-solar complex in Morocco to the UK grid Emiliano Bellini 22 April 2021 pv-magazine.com UK-based Xlinks is planning to build 10.5 GW of wind and solar in Morocco and sell the power generated by the huge plant in the UK. This should be ma… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… The weekend read: PV feed in, certified pv magazine 1 May 2021 pv-magazine.com As more renewable energy capacity is built, commissioned, and connected, grid stability concerns are driving rapid regulatory changes. In the Europea… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… Submarine cable to connect 10.5 GW wind-solar complex in Morocco to the UK grid Emiliano Bellini 22 April 2021 pv-magazine.com UK-based Xlinks is planning to build 10.5 GW of wind and solar in Morocco and sell the power generated by the huge plant in the UK. This should be ma… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… The weekend read: PV feed in, certified pv magazine 1 May 2021 pv-magazine.com As more renewable energy capacity is built, commissioned, and connected, grid stability concerns are driving rapid regulatory changes. In the Europea… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… 123456iAbout these recommendationsShare Sam Pothecary Sam joined pv magazine in 2016, primarily to manage the magazine’s online presence. As well as writing and editing articles for the daily news section, he reports on the global solar industry and climate policies for the magazine.More articles from Sam Pothecary [email protected] Related content China’s Covid recovery saw green bond issuance rebound in second half of 2020 Max Hall 27 April 2021 pv-magazine.com The $18bn worth of sustainable finance instruments floated in the nation last year marked a retreat from previous highs … Pacific Energy to construct Fortescue’s Pilbara grid-scale battery project Blake Matich 30 April 2021 pv-magazine.com Contract Power Australia, a subsidiary of Pacific Energy, is set to design, construct, install and commission 42 MW of b… Higher performance with bigger modules a ‘no brainer’ Sandra Enkhardt 26 April 2021 pv-magazine.com Jan Bicker, who replaced Steve O’Neil as the CEO of REC on March 1, says that one of his top priorities is the ongoing d… Solar and wind could provide half of 2040 power mix across 22 African nations Max Hall 29 April 2021 pv-magazine.com The International Renewable Energy Agency has combined energy infrastructure commitments across a huge swathe of the con… Chinese PV Industry Brief: Polysilicon prices keep rising, NEA says newly deployed PV reached 5.33 GW in Q1 Max Hall 27 April 2021 pv-magazine.com Polysilicon prices rose to RMB145-150/kg this week, prompting a varied response from the major wafer suppliers. Longi wo… Dynamics driving insurance costs pv magazine 7 April 2021 pv-magazine.com While utility-scale solar assets are surging in popularity with investors, there are a number of emerging challenges tha… iAbout these recommendations Elsewhere on pv magazine… MIBEL alcanzó nuevamente los precios más bajos de Europa mientras subieron en el resto de mercados eléctricos pv magazine 23 March 2021 pv-magazine.es En la tercera semana de marzo los precios de la mayoría de mercados eléctricos europeos subieron, mientras que MIBEL mar… Tasmanian Labor installs solar at the top of its campaign promises Blake Matich 8 April 2021 pv-magazine-australia.com Tasmania (TAS) is going to the polls on May 1, and the opposition Labor Party has put forth a $20 million plan to fund l… India closing in on 7 GW of rooftop solar pv magazine 13 April 2021 pv-magazine-australia.com India’s cumulative installed capacity of rooftop solar stood at 6,792 MW as of December 31, 2020, with 1,352 MW having b… Spotlight on Australian solar Bella Peacock 21 April 2021 pv-magazine-australia.com Calculating the average sunlight hours data from the Bureau of Meteorology from January toDecember 2020, Darwin was cro… Q&A: EEW’s $500 million Gladstone solar to hydrogen project is just the start Blake Matich 18 March 2021 pv-magazine-australia.com pv magazine Australia: Australia is the testing ground for a lot of different aspects of the future green hydrogen market. Cracking the case for solid state batteries pv magazine 29 April 2021 pv-magazine-australia.com Scientists in the UK used the latest imaging techniques to visualize and understand the process of dendrite formation an… iAbout these recommendations Leave a Reply Cancel replyPlease be mindful of our community standards.Your email address will not be published. Required fields are marked *CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. 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Côte d’Ivoire: Energy sector forms part of economic reforms programme

first_img Generation In recent years the country has prioritised a comprehensiveprogramme of economic reforms aimed at achieving a sustainable balance ofpayment position. One of the target areas in this reform agenda is the energysector – a critical growth area for the country. To support the government’s drive to manage the debtsustainably of this vital company, the Africa Finance Corporation (AFC), theSole Mandated Lead Arranger, and a London-headquartered specialist credit andpolitical risk insurance broker, Texel Finance Ltd (Texel) – approached AfricanTrade Insurance Agency (ATI) to provide comprehensive credit risk insurancecover on the transaction. In this transaction, the government has restructured thedebt of Société Ivoirienne de Raffinage (SIR), the national oil refinery, witha €577 million ($658 million) debt financing facility.  Côte d’Ivoire’seconomy is one of the strongest in sub-Saharan Africa with an anticipated 2018GDP growth of 7.6%. The facility included both a Euro-denominated tranche (witha nine-year maturity) and a West African CFA franc tranche (with a seven-yearmaturity). The financing will enable SIR to upgrade its plant and to align itto international environmental emissions standards with a view to businessexpansion. “We believe that this type of structure can be replicated with the insurance market helping to provide support to reduce the funding gap that exists between the amounts needed for infrastructure projects and the present deficit. We hope that it is the first of many such initiatives.” UNDP China, CCIEE launch report to facilitate low-carbon development The facility is in place to help SIR repay historicalobligations on crude supply, provide access to longer debt tenures and reducethe all-in interest rate on its stock of debt. In conclusion, Andy Lennard, Chairman of Texel said: “We are thrilled that this transaction was executed as it clearly demonstrates that there is appetite in the financial services market for this type of transaction both from not only a risk but also a financing perspective. The input and knowledge of all participants to make this work is evident from the amount raised and the calibre of the lenders. To highlight the importance of this project, theInternational Monetary Fund’s June 2018 country review noted:“Directors…encouraged the timely resolution of the electricity arrearsaccumulated by the public sector and looked forward to the SIR debtrestructuring.” BRICScenter_img Also commenting on the development, George Otieno, CEO of ATI, said: “This transaction is yet another example of the importance of both private-public partnerships as well as African institutions working together with international counterparts to bring workable solutions that address Africa’s infrastructure gap. New estimates by the African Development Bank places Africa’s infrastructure needs at $130 – 170 billion a year, with an annual financing gap of $68 – 108 million. If Africa is to meet its economic and social targets under such constraints, the continent and its institutions will have to continue to innovate, work together and with international counterparts to bring effective solutions to the table.” Resolution of electricityarrears The project brings together two African multilateralinstitutions partnering to provide a viable solution to arguably one of themost pressing challenges facing African governments: access to competitivelypriced and long-term infrastructure financing. This deal attracted a panel of African-based andinternational lenders proving that, if structured well, there is broad appetitefor African debt. ATI’s insurance guarantees totalled approximately €255million ($290 million) at the inception of the facility or around 44% of theoutstanding facility. Samaila Zubairu, President and CEO of AFC, commented: “Transactions like SIR are a core part of AFC’s mission of leveraging our status as a DFI multilateral financial institution with both public and private ownership and attract a wide range of private investors while also coordinating appropriate support from the public sector. We are therefore delighted with the part ATI and Texel played in providing insurance so as to broaden the pool of investors who could participate.” Low carbon, solar future could increase jobs in the future – SAPVIA Featured image: Stock AFD and Eskom commit to a competitive electricity sector TAGSCôte d’Ivoiredebt financing facilityfrican Trade Insurance Agency Previous articleCôte d’Ivoire invites consultants to install various power cablesNext articleBumbuna II Hydroelectric power project receives financial aid Guest ContributorThe views expressed in this article by the author are not necessarily those of the publishers and/or association partners. While every effort is made to ensure accuracy, the publisher and editors cannot be held responsible for any inaccurate information supplied and/or published. RELATED ARTICLESMORE FROM AUTHOR Finance and Policylast_img read more

DRC: Green mini-grid programme to reduce energy poverty

first_imgThe advisory services also encompass mini-grid regulatoryframework development, project feasibility studies, extensive policy andregulatory level engagement. Less than 1% of rural and 35% of urban areas have access to electricity from the national grid. Hott said: “The innovative scheme under this programme is also expected to demonstrate viability for private sector led mini-grid financing, which will open up a market for mini-grid investment in sub-Saharan Africa. Upon completion, the envisioned mini-grids that range from 3 to 10MW will directly connect 21,200 households and 2,100 SMEs, and public buildings, benefitting at least 150,000 people. Amadou Hott, the Bank’s Vice-President for Power, Energy, Climate Change and Green Growth said the Bank’s financial support to the DRC’s off-grid electricity programme would transform the country’s energy sector and deliver high development impact. The DFID support seeks to promote the proliferation ofprivate-led green mini-grid projects in the DRC. AFD and Eskom commit to a competitive electricity sector With limited grid coverage – around 10% nationally – manyCongolese rely on kerosene or diesel fuel for their lamps, cookers andelectricity generators. BRICS Blended financing The bank will provide a blend of private and concessionalresources notably from the Green Climate Fund (GCF) and other developmentpartners to the sponsors/consortia that will be selected in the auctionprocess. The bank’s financing will complement the UK’s Department forInternational Development-backed Essor – Access to Electricity (A2E)initiative, which is a technical assistance programme that supports the Government-ledmini-grid auction and project preparation. RELATED ARTICLESMORE FROM AUTHOR He observed that while helping to eradicate the use of diesel fuel in the target communities, the programme will also foster the country’s transition to low-carbon growth. The African Development Bank’s board has approved a $20 million facility to the Democratic Republic of Congo (DRC), to support renewable-based, mini-grid solutions to the off-grid cities of Isiro, Bumba and Genema. The bank is also providing a $1 million Sustainable Energy Fund for Africa (SEFA) grant toprovide advisory services to the Government of the Democratic Republic of Congofor the procurement of solar PV mini-grid systems. “We hope to replicate the same model once this pilotdemonstrates success.” According to the development bank, the green mini-grid programme will serve as the pilot to an innovative private-led electrification approach to deploy renewable-based mini-grid solutions in the central African nation. Finance and Policy The board of the GCF approved $21 million for the programmeduring its 21st Board Meeting in October 2018. TAGSAFDBcarbon emissionsmini-gridsoff-grid energyRenewables Previous articleESI Insights #21: Developing African smart citiesNext articleCity of Cape Town supports training for solar PV installers Babalwa BunganeBabalwa Bungane is the content producer for ESI Africa – Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast. Low carbon, solar future could increase jobs in the future – SAPVIA Featured image: Stock Generation UNDP China, CCIEE launch report to facilitate low-carbon developmentlast_img read more

IRENA offers training programme for UAE undergraduates

first_imgGlobal competition for skills is intensifying, indicates survey results. Image credit: 123rf. Selected students will be offered a 4 to 8 weeks placementat the IRENA Headquarters in Masdar City, Abu Dhabi between July and August 2019. [email protected] is a summer trainee programme that provides undergraduate students with opportunities to learn from experts and gain practical experience by working with IRENA.Opportunity for #UAE-based undergrads to join @IRENA this summer and work in our 4-8 week trainee programme #inAbuDhabi. Learn more and see how to apply: https://t.co/DFmvHCa51X #REjobs #Internship— IRENA (@IRENA) March 31, 2019 Generation BRICS AFD and Eskom commit to a competitive electricity sector UNDP China, CCIEE launch report to facilitate low-carbon development [email protected] is open to UAE-based students currently enrolled in an undergraduate programme in engineering, economics, development, international affairs, finance, business administration, communications or a related field. Applicants to the programmme must be passionate about renewable energy. RELATED ARTICLESMORE FROM AUTHOR Learn how to apply and see the list of required documents, in the [email protected] brochure. The International Renewable Energy Agency (IRENA) invites students to join the agency for its annual summer trainee programme, aimed at those living in the United Arab Emirates (UAE) looking for a future career in renewable energy and sustainability. Low carbon, solar future could increase jobs in the future – SAPVIA Who IRENA is looking for Finance and Policy By 19 May 2019selected candidates will be contacted for an interview. TAGSAUEIRENAskills developmenttraining Previous articlePOLL RESULT: What to prioritise to overcome loadshedding?Next articleCSIR encourages SA residents to take control Babalwa BunganeBabalwa Bungane is the content producer for ESI Africa – Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast. The programme is receiving applications until 18 April 2019. last_img read more

Eskom refutes claims about Koeberg nuclear power station’s safety

first_imgKoeberg nuclear power plant. Ntuli continued: “It is important to note that Eskom’s nuclear oversight committee conducted a thorough investigation in order to understand in detail, the impact of the three events even though these were below regulatory levels.” “In all these eventsthe radiation activity levels were determined to be very low and well withinthe regulatory requirements. These incidents, while negligible, were dulyreported to the NNR, in line with the licence requirements.” BRICS Responding to the claims, Koeberg general manager, Velaphi Ntuli said: “Koeberg nuclear power station operates within a highly regulated environment guided by the National Nuclear Regulator (NNR). Our licence has in place stringent conditions that we always adhere to under close regulation by the NNR. To this end, the information that Mr Petzer has twisted is from a public document with responses given to Parliament about three incidents.” “We invite those interested in learning about nuclear safety and how a nuclear power plant is run to attend these sessions, schedule a visit to our visitors centre or browse the Eskom website to get facts around nuclear,” Ntuli concluded. Nuclear regulation Low carbon, solar future could increase jobs in the future – SAPVIA TAGSEskomKoeberg Nuclear Power Stationnuclear Previous articleAbsa bank invests in efficient operationsNext articleEskom bags $180m loan from New Development Bank Babalwa BunganeBabalwa Bungane is the content producer for ESI Africa – Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast. RELATED ARTICLESMORE FROM AUTHOR Generationcenter_img Eskom’s nuclear oversight committee UNDP China, CCIEE launch report to facilitate low-carbon development Ntuli further explains: “In May 2014 and October 2015 small quantities of water with very low radiation levels was released to the ocean without adequate monitoring as a result of defective equipment. In the November 2015 event, a small quantity of air was released from the containment building directly to the atmosphere without going through the monitored path. Finance and Policy AFD and Eskom commit to a competitive electricity sector This follows after a vlogger, Willem Petzer, uploaded a video – which questions the safety of the nuclear power station. Below, the vlogger explains what led to him shooting that video. “The committee found that there was no risk to members of the public, staff, or the environment. South Africans can rest assured that there are no radioactive waste leaks at Koeberg,” added Ntuli. Eskom has issued a statement to confirm that Koeberg nuclear power station is currently running both units safely and producing 1,960MW into South Africa’s power grid. Eskom noted that in pursuit of transparency and accountability, Koeberg power station hosts quarterly Public Information Safety Forum meetings where members of the public are given detailed feedback about the station’s safety and performance. last_img read more

Morocco investigates the potential of sustainable clean cooking

first_img BRICS This low cost alsodissuades any incentives for energy efficiency improvements. Generation In addition, theheavily subsidised production and distribution of butane is a growing burden onMorocco’s budget and trade balance, as a variety of non-intended users takeadvantage of its low cost. RELATED ARTICLESMORE FROM AUTHOR Expertsand stakeholders from across Morocco and beyond gathered last week in Rabat fora workshop on Sustainable Clean Cooking – The outlook for electriccooking in Morocco. An optimistic futurefor renewables in Morocco was echoed by Said Mouline, Director General of theMoroccan Agency for Energy Efficiency, who highlighted how the cost of solar PVsystems has reached a tipping point. In order to directly illustrate futurepossibilities for electric cooking in Morocco, experts from the Modern EnergyCooking Services (a partnership of experts led by the UK and supported by theEnergy Sector Management Assistance Program of the World Bank Group) and TheEnergy Resources Institute of India showcased a range of efficient andaffordable electric cooking solutions. Finance and Policy AFD and Eskom commit to a competitive electricity sector Sign up for the ESI Africa newsletter In his openingremarks, Mohamed Ouhmed, director of renewable energy and energy efficiency inthe Ministry of Energy, Mines and Sustainable Development, affirmed that cleancooking, along with renewable energy generation, is central to Morocco’s cleanenergy transition. In this context, the goal of the workshop was to investigate the role that electric cooking has to play in meeting these two challenges: developing clean cooking solutions for rural families who rely on firewood, and reducing dependence on butane as a first step to progressive removal of subsidies. Read more stories about Morocco Over the course of two days, participants discussed current trends in household cooking in the country with the aim of identifying pathways towards a cleaner and sustainable solutions.   The event was co-hosted by the Moroccan Ministry of Energy, Mines and Sustainable Development, the Moroccan Agency for Energy Efficiency, and the International Energy Agency. As such, electriccooking supported by PV systems could play a huge role in addressing the cleancooking challenge, while limiting the impact of increased electricity demand onthe power system, including on consumer bills. Technologies discussed included inductionplates and electric pressure cookers connected to the grid or part of off-gridsystems. Image: [Petr Podroužek]©123RF.com However, people livingin rural areas who do not have access to the butane distribution system aremore reliant on collected firewood. This not only exacerbates deforestation,but is also detrimental to their health and livelihoods. Morocco has higherlevels of access to clean cooking than most African countries through thewidespread use of butane. Low carbon, solar future could increase jobs in the future – SAPVIA TAGSclean powerIEAMorocco Previous articleFifth Investing in Africa Forum leverages partnershipsNext articleSAB agricultural centre brewing emerging farmers Babalwa BunganeBabalwa Bungane is the content producer for ESI Africa – Clarion Events Africa. Babalwa has been writing for the publication for over five years. She also contributes to sister publications; Smart Energy International and Power Engineering International. Babalwa is a social media enthusiast. Rebecca Gaghen, Headof Europe, Middle East, Africa and Latin America at IEA, also provided openingremarks in which she highlighted the excellent working relationship the IEA haswith Morocco, the IEA’s first Association country in Africa, and noted theirleadership on providing access to energy. UNDP China, CCIEE launch report to facilitate low-carbon developmentlast_img read more

Thumbs up for IRP2019 from wind association

first_imgNtombifuthi Ntuli, CEO of the South African Wind Energy Association (SAWEA), commented: “We are happy with the wind energy’s apportionments in the energy mix, as we transition to a clean energy future. With the bulk of the increase coming from renewable sources, it is a promising sign for our country as it faces pressure to reduce its carbon emissions and provide cheaper power.” TAGSenergy mixIRPSAWEASouth Africawind energy Previous articleAbout Digital African Utility Week and POWERGEN Africa 2020Next articleSolar PV association seeks swift IRP2019 action on Round 5 REIPPP Nicolette Pombo-van ZylAs the Editor of ESI Africa, my passion is on sustainability and placing African countries on the international stage. I take a keen interest in the trends shaping the power & water utility market along with the projects and local innovations making headline news. Watch my short weekly video on our YouTube channel ESIAfricaTV and speak with me on what has your attention. “With 14.4GW of wind having been allocated in the IRP, giving wind energy 18% of the total capacity allocation, the wind industry views the commitment to 1.6GW per annum as a positive step by government as this allocation will allow Original Equipment Manufacturers and first-tier suppliers to  commit to local manufacturing of certain components, which contributes directly to job creation,” concluded Ntuli. South Africa is clearly transitioning to a cleaner green economy, as Cabinet’s approved 2019 Integrated Resource Plan (IRP), outlines increased allocations for wind power. Wind will contribute 18 percent,  solar photovoltaic six percent and hydro eight percent. AFD and Eskom commit to a competitive electricity sector BRICS Featured image: Stock Therenewable energy sector provided input and comments on the draft IRP 2018specifically regarding closing the procurement gap, and smoothing out demandfor wind energy in order to boost investor confidence and support thelocalisation efforts. Government has listened, which is heartening consideringthe positive impact that a smooth procurement on job creation within ourborders as well as driving investor confidence. Finance and Policy Thelatest IRP, which maps out the energy mix for the next 10 years envisions thenation’s electricity production capacity rising significantly by 2030. RELATED ARTICLESMORE FROM AUTHOR Generation Low carbon, solar future could increase jobs in the future – SAPVIA Inthis morning’s press briefing, Minister Mantashe gave insights into the newlygazetted IRP stating that renewable energy combined with storage presents anopportunity to produce distributed power closer to where demand is and toprovide off-grid electricity to far-flung areas of the country. UNDP China, CCIEE launch report to facilitate low-carbon developmentlast_img read more

Angola: AfDB approves $165m for economic diversification

first_img BRICS Abdoulaye Coulibaly, African Development Bank director at the governance and public financial management department, said the loan will contribute significantly to the government’s stabilisation plan and provide a conducive private sector environment. Finance and Policy Read more news from the AfDB here “For the past two years, we have felt that the authorities are quite committed to making changes. Many concrete measures have been taken… We expect that the programme will ultimately impact positively on macroeconomic stability, economic diversification and poverty reduction” Coulibaly said, adding that the country was on track to meet its benchmarks for 2019. In a statement, the AfDB noted that the Angolan government is implementing reforms to diversify its oil-dependent economy and has adopted measures to improve human and social development to restore fiscal balance after the economy was hit by a global slump in oil prices and repeated droughts. The programme aims to prioritise and promote the production and export of non-oil products and to start to substitute imports through diversification. It forms part of the country’s 2018-2022 national development plan. Low carbon, solar future could increase jobs in the future – SAPVIA RELATED ARTICLESMORE FROM AUTHOR The reforms are expected to improve state-owned enterprises (SOEs) transparency and increase the availability of SOE financial and performance data, which will in turn, improve corporate governance and enhance the performance of SOEs, reducing the need for subsidies, he added. In approving the loan, Board members called for the monitoring of Angola’s high public debt levels, estimated at about 90% of GDP, and projected to ease to around 60% by the end of the programme period. They praised renewed efforts by the Angolan government to curb public sector corruption and step up good governance which had deteriorated. Sign up for the ESI Africa newsletter Read more: Angola: Regulatory reform targets revival of oil and gas market Featured image: Stock On Tuesday, the Board of Directors of the African Development Bank (AfDB) Group approved a $165 million loan to finance a portion of Angola’s three-year economic diversification support programme intended to restore the country’s macroeconomic stability. AFD and Eskom commit to a competitive electricity sector TAGSAngola Previous articleOp-Ed: What do you understand about data management?Next articleSenegal enters the LNG race with significant offshore discoveries Ashley TheronAshley Theron-Ord is based in Cape Town, South Africa at Clarion Events-Africa. She is the Senior Content Producer across media brands including ESI Africa, Smart Energy International, Power Engineering International and Mining Review Africa. Generation A sharp decline in oil prices since 2014 has harmed the economy, and real GDP shrank by 0.2% in 2017 and an estimated 0.7% in 2018 while fiscal revenues declined by more than 50% between 2014 and 2017.  Public debt, largely external, increased from 40.7% of GDP in 2014 to an estimated 80.5% in 2018, raising concerns about its sustainability. There are three main components in the plan; advancing fiscal consolidation through improved public financial management and tax reforms; accelerated implementation of the diversification programme; and improving governance in natural resource management and state-owned enterprise reform. UNDP China, CCIEE launch report to facilitate low-carbon developmentlast_img read more