Asia Pacific world champions in Solar!
September 18, 2014India should follow the example from West – Turn wasteland into Golden Solar Farms
September 22, 2014Solar energy is the new wave of excitement everywhere in the world. With the solar prices slashing and solar energy reaching grid parity in many parts of the world, solar energy is definitely a more reasonable and viable source of energy alternative available. There are many advantages of using solar energy, not only is it abundant and free, but also clean and green. A lot is happening on the solar front around the globe.
Some new agreements signed lately were:
1) Chile Government to fund the development of more than 50 renewable energy projects in Chile, totaling a capacity around 740 MW. The funding will support 12 solar power plants, 15 small hydro projects, 15 wind, 7 biomass, a hybrid project and new transmission lines. The German development bank will also provide funds to the tune of CLP 780 million to promote renewable energy in the country. Chile has also launched net metering schemes for solar projects under 100 kW.
Martina Stamm from KfW said: “Chile has a huge potential of renewable energy resources such as wind, solar, biomass, small hydro and geothermal. The pre-investment studies CER instrument is very important for the thorough preparation of NCRE projects bankable. ”
2) The Chinese company Hareon Solar signed a deal with Jiangning, Nanjing high-tech Park in China to develop 150MW of distributed solar rooftop projects. The projects will be divided into three phases of 50 MW each, requiring an investment of around $ 72.23 million. The company has signed over 6.4 GW energy projects till 2017.
3) Solar Frontier to supply 21.3 MW of its thin film solar panels to large scale US power utility plant in Japan. It covers approximately 30 hectares of land and is expected to generate some 25,010 Mwh annually.
4) Suntech finds a financier for its 900 MW project in UK. Youmex – a German company will provide construction loans and long term project financing and will also be responsible for selling the completed projects to investors. The project is in partnership with Suntech and Greenfield Solar International. The project includes building solar farms by exclusively using solar panels made by Suntech (now owned by Shunfeng Photovoltaic).
“With its fully integrated transaction management of these three tasks, youmex speeds up and assures the whole process of financing and sales for one of the largest PV pipelines in UK,” claimed youmex head of corporate and structured financing Kai Hartmann.