Renesola Share Discussion Threads

[steve73] 13/4/2018 02:21

Another proper reference to next weeks entertainment... although they are being a bit cagey with their sauces (sic).

[solsticefire] 12/4/2018 18:34

I prefer to hit things with a stick.

[steve73] 12/4/2018 08:37

I think you can either "proudly fly the flag", or "fly the flag proudly".... but you must never "fly proudly the flag".

But I've never been able to split my infinitives correctly (or is it to correctly split my infinitives), if indeed this is what they are....

[uppompeii] 12/4/2018 08:31

Is it "proudly fly" or "fly proudly"...the survival of England depends on it!

[steve73] 12/4/2018 07:43

That's St George's day..! It won't affect England (as long as you proudly fly the flag).

[uppompeii] 12/4/2018 07:34

It's April 23rd. The big one. The rapture. Nibiru. Ww3. Tin foil shortage. All of it.https://dailym.ai/2INNWwJ

[solsticefire] 08/4/2018 16:37

OOOH, so close but fell at the final hurdle.This is how we don't come back as a species after the sloshing/rapture/nibiru.Concentrate people.

[uppompeii] 08/4/2018 09:58

You realise you're missing a critical component? Tin foil.

[shalder] 07/4/2018 21:10

I would guys, but I have invested all my money in

1) an asteroid proof bunker
2) 25 tons of spam
3) 12 AK47s & 100,000 rounds of ammo

so I'm a bit skint this week.



I'll get me coat...

[grupo] 07/4/2018 18:15

Tunisia to issue tender for $1bn solar, wind projects
TUNIS, 6 hours, 34 minutes ago
Tunisian government is set to launch an international tender for the construction of solar and wind renewable power plants worth TD2.5 billion ($1.03 billion) by the end of this month, said a report citing the country's Prime Minister.

Youssef Chahed said the government plans to deploy around 1 GW of new renewable energy capacity in the country, reported the PV Magazine.

The first tenders for solar and wind, the publication of which has been set for April 27, will lead to the allocation of 300 MW of solar in the states of Gafsa (100 MW), Tataouine (100 MW), Sidibuzid (50 MW) and Tozeur (50 MW); and 300 MW of wind in the states of Nabeul (200 MW) and Kabli (100 MW) it stated.

Chahed said overall, these projects are expected to boost the private sector investments to the tune of TD2 billion.

Another tender for an additional 200 MW of large-scale renewable energy projects, for an estimated total investment of TD500 million, is being planned for the Tataouine Governorate, he added.

The Tunisian Prime Minsiter said several 10 MW solar projects will be set up in Sidi Bouzid, Kairouan, Kasserine and Tataouine areas besides smaller solar parks of 1 MW.

The administrative procedures for renewable energy projects up to 1 MW will be simplified via a few, undivulged, changes to the country’s renewable energy law by the end of this year, stated Chahed.

Under its renewable energy strategy, Tunisia aims to install 4.7 GW of renewable energy capacity by 2030, he added.

[pvb] 07/4/2018 17:28

That's settled then. shalder's buying!

[uppompeii] 07/4/2018 15:29

I'll have whatever sloshing shalder has

[grupo] 07/4/2018 09:08

China Leads Global Renewable Investment With $126.6 Billion
By Tsvetana Paraskova - Apr 06, 2018, 5:00 PM CDT Solar panels

China invested a total of US$126.6 billion in renewable energy in 2017, the highest figure ever and accounting for 45 percent of global green energy investment, the ‘Global Trends in Renewable Energy Investment 2018’ report showed.

Total global investment in renewables last year increased by 2 percent to US$279.8 billion, taking cumulative investment since 2010 to US$2.2 trillion, and to US$2.9 trillion since 2004, according to the report by UN Environment, the Frankfurt School-UNEP Collaborating Centre, and Bloomberg New Energy Finance (BNEF).

“The latest rise in capital outlays took place in a context of further falls in the costs of wind and solar that made it possible to buy megawatts of equipment more cheaply than ever before,” the authors of the report wrote.

Last week, BNEF said in another report that tumbling costs for wind, solar, and batteries are squeezing fossil fuels as a source of power generation.

According to the more recent report, China led in total renewable investment with a record-high spending that was up 31 percent on the year. China saw an “extraordinary solar boom” last year with around 53 GW installed and solar investment of US$86.5 billion, up 58 percent from 2016.

Globally, solar power attracted far more investment than any other technology—US$160.8 billion, an 18-percent annual increase—and China was the “driving power” behind it, the report said.

Related: Escalating Trade War Ups Pressure On Oil Prices

For all renewable sources, Australia, Mexico, and Sweden saw sharp increases in investment, while renewable energy investment in the U.S. was far below China’s and dropped by 6 percent annually to US$40.5 billion.

“It was relatively resilient in the face of policy uncertainties, although changing business strategies affected small-scale solar,” the report said of the U.S. investment.

European investments dropped 36 percent to US$40.9 billion, due to a 65-percent fall in UK investment that reflected an end to subsidies for onshore wind and utility-scale solar, and a big gap between auctions for offshore wind projects. Germany’s investment slumped 35 percent on lower costs per MW for offshore wind, and uncertainty over a shift to auctions for onshore wind.

By Tsvetana Paraskova for Oilprice.com

[the grumpy old men] 06/4/2018 19:33

Engie Receives 200 MW Wind Project in India
06/04/2018 5:55pm
Dow Jones News

Engie Eur1 (EU:GSZ)
Intraday Stock Chart

Today : Friday 6 April 2018
Click Here for more Engie Eur1 Charts.

By Anthony Shevlin


Engie SA (ENGI.FR) said Friday that it has received a 200 MW wind project in India.

For the 200 MW onshore wind project, Engie said it proposed a tariff of 2.51 Indian rupees per kilowatt hour ($38.50 per megawatt hour) for a 25-year power purchase agreement.

The French company said the project is part of a 2,000 MW tender floated by Solar Energy Corporation of India.



Write to Anthony Shevlin at [e-mail]



(END) Dow Jones Newswires

April 06, 2018 12:40 ET (16:40 GMT)

[solsticefire] 06/4/2018 17:57

Too early to tell,it takes time to develop,i hear.Over to you Raven

[pvb] 05/4/2018 21:40

Was it The Great Sloshing, though?

[shalder] 05/4/2018 21:37

Oh yes. Yes! Yes! Yes!

[solsticefire] 05/4/2018 18:27

Was there sloshing?

[jack jebb] 02/4/2018 19:10

Speak for yourself. There I was, having a quiet swim in the South Pacific. Space junk at 17000mph makes quite a splash, I can tell you.

[solsticefire] 02/4/2018 18:46

At least we dodged the chinese space junk.

[la forge] 31/3/2018 20:20

The Philippines Pivots To Renewables
By Oxford Business Group - Mar 31, 2018, 2:00 PM CDT Solar

In early March the Board of Investments (BoI), the investment promotion agency, revealed details of eight solar projects worth P86bn ($1.7bn) to be rolled out from October.

The largest, the Iba-Palauig 2 Solar Project, is a P19bn ($365.9m) photovoltaic power plant for the Zambales region. The facility will have a peak generation capacity of 140 MW and is scheduled to begin operations in February 2020.

A second project for two facilities in Cavite Province – Maragondon-Naic 1 and Marangondon-Naic Tanza 2 – is valued at P17.3bn ($330.2m) and is expected to be operational from October this year, providing a combined capacity of 392 MW, while two projects worth P13.6bn ($261.9m) each for solar farms in Tarlac and Batangas, expected to come on-line by January 2019 and February 2020, respectively, will have a combined 588-MW capacity. Another facility slated to become operational in early 2020 in Nueva Ecijia will add 194 MW.

Capacity specifications for the final two projects, to be deployed in the Tarlac region, have yet to be announced.

The projects are contracted to solar farm and panel developer Solar Philippines Commercial Rooftop Projects and, as projects that aim to reduce greenhouse emissions, qualify for incentives under the government’s Investments Priorities Plan.

Of 29 new energy investments approved by the Department of Energy (DoE) in late January, 15 were focused on renewables. Alongside the eight solar projects, there were three biomass and five hydropower developments. Fossil fuel projects made up the remainder, the largest being a 1000-MW, coal-fired plant in Quezon. Total investments signed in January represent a 541% increase over the previous year, according to the BoI.

Long-term renewable development plans

The Philippines is already a regional leader for generating power from clean energy; renewables account for 24.2% of gross generation and 32.5% of installed capacity, representing just over 7000 MW, according to the Institute of Climate and Sustainable Cities.

As the technology becomes increasingly affordable and contracts for renewable projects, particularly solar, become more competitive, this share is expected to increase in line with the DoE’s energy security targets, which involve boosting generation capacity to 25% above peak demand.

In the longer term, the DoE estimates the Philippines will need to deploy an additional 44,800 MW of new capacity between now and 2040. This addition, of which the newly approved projects are just a small part, would more than double existing installed capacity, which stood at 21,600 MW in the second half of 2017. Of the total, the DoE expects renewables to account for a minimum of 20,000 MW. The government is also looking to broaden its energy mix to potentially include nuclear in the future.

Proposed tax changes could affect energy investments

The role renewables play in the future energy mix could be affected if future projects become less cost competitive as a result of proposed changes to the tax regime.

In a presentation to energy industry stakeholders in March, the Department of Finance said it was considering removing the zero-rated, value-added tax currently in place for the renewables industry.

Related: What Big Oil Can Learn From Typewriters

According to local press reports, the move is part wider energy reforms that could see the removal of around P11.2bn ($22.9m) worth of tax and import duty incentives for energy investments under the government’s Tax Reform for Acceleration and Inclusion (TRAIN) initiative, which aims to generate revenue for health, social care and infrastructure development.

This has raised concerns among developers, who in a letter to Congress said the incentive “is a necessary component of the fiscal incentives package enabling the renewables industry to provide clean, sustainable and lower-cost electricity to end-consumers”.

However, the challenge posed by the potential change could be partially offset by higher levies on coal imposed under the first package of TRAIN reforms introduced last December.

In addition to lowering personal income taxes and raising duties on fuel, cars and some consumer goods, TRAIN 1 increased excise duties on coal imports from P10 ($0.19) per tonne to P50 ($0.95), and this is expected to triple to P150 ($2.85) per tonne by 2020.

The government is also considering imposing higher tariffs on the local coal industry, which has benefitted from excise tax exemptions since the 1980s.

The tax hikes are expected to lead to price increases for electricity, as power plants fueled by coal account for around 48% of power supply.

By Oxford Business Group

More Top Reads From Oilprice.com:

[grupo guitarlumber] 31/3/2018 08:30

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (March 31, 2018).

Utility company NextEra Energy Inc. is expanding a deal to buy millions of solar panels from a Chinese manufacturer setting up shop in Florida, a move that comes after the U.S. announced tariffs on imported solar products.

NextEra Energy, parent of Florida Power & Light, said Friday that it would source 2.75 gigawatts of solar modules, roughly 7 million panels, over four years from Shanghai-based JinkoSolar Holding Co., which is building its first U.S. factory in Florida to meet the demand.

In January, the Trump administration announced tariffs -- 30% in the first year, declining to 15% by the fourth -- on foreign-made solar panels and cells. The decision came after Suniva Inc., which is majority-owned by a company based in Hong Kong, and SolarWorld Americas Inc., which has a German parent, petitioned the U.S. government for trade protection.

While that measure could apply upward pressure on panel prices in general, technological improvements and production cost savings could cushion the effect. Also, utilities in some locales are mandated to procure renewable energy, which would sustain demand.

Domestic solar installers, which employ many more people than the relatively small U.S. solar manufacturing sector, have largely opposed the tariffs for fear higher panel prices would cut into installations.

In January, JinkoSolar said it had reached a deal to supply a then-unnamed U.S. company with 1.75 gigawatts of solar modules over about three years. On Friday, it confirmed it plans to open its first U.S. factory in Jacksonville, Fla., which is expected to create 200 direct jobs.

There are already foreign companies, including Chinese subsidiaries, making or assembling panels in the U.S.

At full capacity, the Florida factory is expected to produce 1 million solar panels annually, seemingly leaving JinkoSolar short of being able to meet NextEra's full order over four years without resorting to imports.

NextEra directed questions to JinkoSolar, which didn't respond to a request for comment. In its release, JinkoSolar said the new facility would provide the "flexibility and manufacturing capacity" to support its U.S. customers.

To prepare for the tariffs, NextEra and other solar-project developers have also been stockpiling panels. NextEra Chief Executive James Robo told analysts in January that the Florida-based company had purchased all the panels its needs in 2018 and 2019, as well as the panels for "a significant portion of our 2020 build."

Write to Austen Hufford at [e-mail]



(END) Dow Jones Newswires

March 31, 2018 02:47 ET (06:47 GMT)

[maywillow] 29/3/2018 06:22

Building The World’s Largest Solar Project
By Nick Cunningham - Mar 28, 2018, 6:00 PM CDT Solar panel

Saudi Arabia wants to pour $200 billion into solar to build the world’s largest solar project.

The Saudi sovereign wealth fund and SoftBank Group Corp. of Japan jointly announced plans to build a solar project that is staggering in size – 200 gigawatts (GW) by 2030. That would be about 100 times larger than some of the largest projects in the world right now. “It’s by far the biggest solar project ever,” Masayoshi Son, CEO of SoftBank said at a news conference Tuesday in New York after signing a nonbinding agreement with Saudi Crown Prince Mohammed bin Salman (MbS).

The project would begin with a $5 billion investment, initiated this year, which would translate into about 7.2 GW, slated to come online in 2019.

The logic of massive and aggressive development of solar in Saudi Arabia is obvious. Sunshine is not a scarce resource. The country burns oil for about a third of its electricity, a costly way of generating power both environmentally and in terms of lost oil exports. SoftBank’s Son said the 200 GW of solar would cut electricity costs by $40 billion while creating some 100,000 jobs.

The scale of the construction would alone help develop a domestic solar manufacturing industry in Saudi Arabia, SoftBank’s Son said. The project will eventually integrate energy storage, although not right away.

Moreover, the project would be a cornerstone of MbS’ long-term economic strategy, with clear spin off benefits in terms of economic diversification, employment, and a strategy for a post-oil economy.
Related: Trump Looks To Undo Fuel Efficiency Standards

The project is ambitious, to say the least, but raises a lot of questions. First, where will the money come from? The Wall Street Journal reports that much of the project will be debt-financed. SoftBank and the Saudi sovereign wealth fund announced a $100 billion technology fund in 2017, the Saudi-SoftBank Vision Fund. The Vision Fund will reportedly provide the first $1 billion.

Beyond that, the financing mechanism was left vague. SoftBank’s chief said electricity sales would generate the revenue needed for further expansion. “The project will fund its own expansion,” Son said. “New investment comes from the profit of the earlier project we don’t need to secure total $200 billion in one day. It will be step by step.”

One possibility would be using the proceeds from the Saudi Aramco IPO, which Saudi officials have repeatedly boasted would raise around $100 billion, although independent analysts question that figure. Moreover, the potential of the IPO would be constrained if Aramco opted for a domestic-only listing rather than a public offering in London, New York or Hong Kong.

Another question: What makes this project any different from the other announcements in the past, promising massive investments in solar that failed to materialize? A half decade ago Saudi Arabia announced plans to build 24 GW of solar by 2020, and 54 GW by 2032. The first projects only began to inch forward in 2017, according to Bloomberg, with bids received on a relatively paltry 300 megawatts of solar.

The lofty promises from Saudi Arabia in the past, many of which stayed on the drawing board, have apparently not humbled the Crown Prince. “It’s a huge step in human history,” bin Salman said. “It’s bold, risky and we hope we succeed doing that.”
Related: The End Of The Status Quo In LNG Markets

Yet another uncertainty is what Saudi Arabia wants to do with 200 GW of power when its total electricity capacity only amounted to 77 GW in 2016, according to Bloomberg New Energy Finance. The size is extraordinary, and is about triple the size of the total capacity that is either online, under construction, or being developed in all of the U.S. right now.

The solar announcement also begs the question of what Saudi Arabia plans on doing with its plans to spend $80 billion to build around 16 nuclear reactors over the next 25 years? It seems unlikely that all of these investments will go forward. It should be noted that the solar agreement between the Saudi sovereign wealth fund and Japan’s SoftBank is a nonbinding agreement with little to guarantee that it moves forward.

Nonbinding agreements don’t necessarily mean much without evidence that there will be a serious effort to follow through. We will just have to wait and see.

By Nick Cunningham of Oilprice.com