Chinese solar power companies should refrain from hoarding raw materials such as polysilicon to prevent a further jump in prices that have already forced some companies to slash production, an industry association said on Thursday.
Private equity firms Eurazeo (EURA.PA) and Infravia are launching an auction for Reden in a deal that could value the French solar group at up to 2 billion euros ($2.4 billion), three sources familiar with the matter told Reuters.
1/5
A man walks through solar panels at a solar power plant under construction in Aksu, Xinjiang Uyghur Autonomous Region April 5, 2012. REUTERS/Stringer/File Photo
Read More
Global solar power developers are slowing down project installations because of a surge in costs for components, labor, and freight as the world economy bounces back from the coronavirus pandemic, according to industry executives and analysts interviewed by Reuters.
The situation suggests slower growth for the zero-emissions solar energy industry at a time world governments are trying to ramp up their efforts to fight climate change, and marks a reversal for the sector after a decade of falling costs.
U.S. private equity firm Arclight Capital Partners LLC, which invests the retirement savings of Maine teachers, NFL football players and Mayo Clinic doctors, lost hundreds of millions of dollars betting on a troubled Caribbean oil refinery, according to sources and documents reviewed by Reuters.
A push toward relying more on renewable energy for bitcoin mining could make the underperforming solar industry more attractive, star fund manager Cathie Wood said at a cryptocurrency conference Thursday.