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Week in Review: Engie sets up JVs for French Solar Market; Malaysian market gets a boost; SMA leadership change

19 Oct. 2018 by Tom van der Linden, Solarplaza

Week in Review

These were the most important solar industry related news headlines and stories that broke this week.


Hanergy closer to market re-entry

After the spectactular stock collapse of May 2015 (wiping out $19bln in market capitalization), Hanergy saw its shares suspended. Now, efforts are underway to end a three-year trading suspension.

Engie sets up JVs with GreenYellow and Casino for French solar market

Together with GreenYellow, Engie created a new firm - named Reservoir Sun - that will specifically focus on the French self-consumption solar market, aiming to add as much as 100 MW per year for businesses and authorities. With supermarket retailer Casino, Engie will join forces to develop commercial solar power capacity in France. They would seek to invest €100 million annually in this new solar joint venture.

SMA Solar CEO departs, gets replaced by deputy

SMA Solar announced that Pierre-Pascal Urbon, who had held the position for 7 years, will step down as CEO of the company. He will be replaced by deputy chief executive Juergen Reinert.

Market Boost

Malaysian PV market gets push from national utility

Malaysian power company Tenaga Nasional (TNB) has launched a new zero upfront cost solution for rooftop solar PV development for commercial & industrial (C&I) customers, aiming to kickstart that market segment.


Scatec announces 121 MW solar projects in Ukraine

The Norwegian solar developer said it will build 121 MW worth of solar parks in Ukraine, which will be developed under the nation's feed-in tariff program for renewables and are expected to require a $157 million USD investment.

Akuo Energy closes financing for 50 MW solar plant in Mali

French independent power producer (IPP) Akuo Energy and Norton Rose Fulbright closed on the financing of the 50 MW Kita solar PV plant in Sikasso, Mali. It constitutes a significant step in the development of the project, which has been slowly progressing since 2014.

Soventix begins development of 22 MW in Zimbabwe

Soventix will start construction of a 22 MW grid-connected solar PV plant in Zimbabwe, which involves local community ownership.

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