Investment company Adenium Energy Capital has signed an agreement that will see the corporation invest US$10 million in solar-hybrid power plant provider Enerwhere’s portfolio of mobile solar power assets.
Main Street Power Company has been acquired by global power company AES Corporation, with AES netting 100% of Main Street Power’s shares.
UK-based thin-film start-up, Oxford Photovoltaics has secured at least a further £8 million in VC funding to further plans to commercialise its blend of perovskite materials under a licensing model.
According to PV module shipment guidance from the majority of likely candidates for 2015, Canadian Solar is closing in on 2014 market leader, Trina Solar.
Major PV energy provider (PVEP) Canadian Solar has finally announced plans to initiate its first global yield co financial structure, which could be floated on a US stock exchange as early as the fourth quarter of 2015.
Hanwha Q CELLS is collaborating with US-based ‘Direct Wafer’ supplier, 1366 Technologies to commercialise the multicrystalline-type wafers.
PV project developer and EPC firm, Solar Power, Inc (SPI Solar) has secured a credit line of over US$1.6 billion from China Minsheng Bank, China Construction Bank and Suzhou Bank.
SunEdison has made a significant first step into the grid-scale energy storage market, with the acquisition of US start-up Solar Grid Storage.
Developer Lightsource Renewable Energy and fund manager Octopus Investments have completed the refinancing of 76.4MW of UK solar farms.
Major PV energy provider, Canadian Solar, has reported record revenue and shipments for 2014.
SunEdison, Inc.(Belmont, CA, US) and Solar Grid Storage LLC (Philadelphia, PA, US) a provider of energy storage and solar photovoltaic (PV) systems, on March 5th, 2015 announced that SunEdison has acquired the energy storage project origination team, project pipeline, and subject to customary consents and assignments, four operating storage projects from Solar Grid Storage.
1366 Technologies (Bedford, Massachusetts, US) and Hanwah Q CELLS (Thalheim, Germany) on March 5th, 2015 announced that they have entered into a long-term strategic partnership to jointly advance the efficiency and quality of solar photovoltaic (PV) cells while dramatically reducing their costs. The two companies will collaborate on the development of 1366's proprietary “Direct Wafer” Technology with the intent to commercialize and use Direct Wafers in Hanwha Q CELLS' solar cells.
Solar Power, Inc. (Shanghai, China) a vertically-integrated photovoltaic (PV) project developer, on March 5th, 2015 announced that it has signed strategic cooperation agreements with China Minsheng Bank Co., Ltd., China Construction Bank Co., Ltd. and Suzhou Bank Co., Ltd. Under the agreements, Minsheng Bank, CCB and Suzhou Bank will provide credit lines of RMB 7 billion, RMB 2 billion and RMB 1 billion, respectively, (a total of approx. USD 1.6 billion) to support SPI's PV project financing, re-financing, as well as financing for M&A projects and other general funding needs.
Canadian Solar Inc. (Guelph, Orntario) on March 5th, 2015 announced its financial results for the fourth quarter and full year ended December 31st, 2014. In 2014 the company shipped solar photovoltaic (PV) modules totaling 3,105 MW, with 2,813 MW recognized in revenue, compared to 1.9 GW recognized in revenue in 2013, and full year 2014 guidance in the range of 2.7 GW to 2.8 GW. Net revenue was USD 2.96 billion, compared to USD 1.65 billion in 2013 and full year 2014 guidance in the range of USD 2.93 billion to USD 2.98 billion.
Solar3D, Inc. (Santa Barbara, CA, US), a provider of solar photovoltaic (PV) power solutions and the developer of a proprietary high efficiency solar cell, on March 3rd, 2015 announced that it closed its acquisition of MD Energy LLC, a Rancho Cucomonga-based provider of solar energy projects for residential, commercial, and agricultural customers. As previously announced on November 6th, 2014, Solar3D entered into an asset purchase agreement with MD Energy and the members of MD Energy to acquire 100% of the tangible and intangible assets of MD Energy. The purchase price for MD Energy was USD 3,500,000.
SunEdison, Inc. (Belmont, California, US), the world's largest renewable energy development company, on March 3rd, 2015 announced the launch of its new “Energy Saver Plan”, a way for UK homeowners to potentially save up to 15 percent on their electricity bill with zero upfront cost. SunEdison is the first company in the UK to offer this type of solar PV product to the residential market, and is unveiling the new solution at EcoBuild, the UK’s leading sustainable design, construction and energy event for domestic buildings, taking place in London from March 3rd to 5th.
In 2014 ReneSola shipped solar photovoltaic (PV) modules totaling 1,970.3 MW, representing an increase of 14.0% from 1,728.8 MW for full year 2013. Total solar wafer and module shipments were 2,816.4 MW, representing a decrease of 10.5% from 3,146.5 MW for full year 2013. Net revenues were USD 1,561.5 million, an increase of 2.8% from USD 1,519.6 million in 2013. Gross profit was USD 209.3 million with a gross margin of 13.4%, compared to a gross profit of USD 113.1 million with a gross margin of 7.4% in 2013.
Cogenra Solar (Fremont, California, US), a manufacturer of innovative solar photovoltaic (PV) panels and systems, on March 4th, 2015 announced that its modules have broken two world records, achieving unprecedented power levels using commercially available, unsorted solar photovoltaic cells and its propriety high-volume Dense Cell Interconnect (DCI) process. By delivering unprecedented power per module, Cogenra is driving down balance of system (BoS) and soft costs to unlock the next phase of solar growth, the company emphasizes.
Trina Solar Limited (Changzhou, China) on March 4th, 2015 announced its unaudited financial results for the fourth quarter and full year of 2014. Total 2014 solar photovoltaic (PV) module shipments were approximately 3.66 GW, an increase of 41.9% from 2.58 GW in 2013. Full-year net revenues were USD 2.29 billion, an increase of 28.8% from 2013. Gross profit was USD 385.6 million, an increase of 76.7% from 2013. And gross margin was 16.9%, compared with 12.3% in 2013.
Eurus Energy Group’s (Tokyo) two mega solar PV projects in Miyagi and Fukushima prefecture have started operation on March 2nd, 2015. The total output of the two plants is 22 MW (AC), they are the largest plants in their respective regions Miyagi and Fukushima, and the generated solar power will be sold to Tohoku Electric Power Company, Inc.