Citing continued strong global growth and market share gains, major PV manufacturer, JinkoSolar said it was planning to expand module capacity in 2015 by 20% to 25%.
Ten bidders will be reviewed by Dubai’s state utility company for the development of the second phase of the Mohammed bin Rashid Al Maktoum Solar Park, following the close of the bidding on 20 November.
Major PV manufacturer, JinkoSolar reported a record high 758.1MW of module shipments in the third quarter of 2014, while guiding shipments of over 1GW in the fourth quarter.
The German solar industry association, BSW Solar, has created an extensive report on safety for lithium-ion battery-based energy storage systems for home use, and plans to publish an English language version next week.
Brazil’s Energy Research Company (EPE) announced this week 179 solar power projects, totalling 4.872GW are to bid for tenders in the upcoming national A-5 energy auction.
JinkoSolar has said it could float its planned yield co in either the US or Hong Kong.
Yingli Green will supply panels to the world’s largest floating PV plant, a 7.5MW power station in Japan, according to the Japanese company behind the project.
Major PV energy provider SunPower has said it is to restructure operations with 85 to 115 jobs losses, primarily in Europe. Charges are expected to be in the range of US$15 million to US$25 million and be accounted for in the current fourth quarter.
3W Power the holding company of PV inverter supplier, AEG Power Solutions Group reported a 50.7% decline in its Renewable Energy Solutions (RES) business third quarter results, partially due to the sale of subsidiary, Skytron in July, 2014 to First Solar.
After adjustments to its IPO pricing, Hong Kong based PV project developer, Sky Solar Holdings has listed on the NASDAQ stock market, providing US$46.1 million in net proceeds.
The British Solar Trade Association (STA) on November 20th, 2014 published new analysis showing that the cost of generating electricity from a typical 10 MW solar photovoltaic (PV) farm in the UK is set to fall faster than many think over the next 15 years.
The report “Cost reduction potential of large-scale solar PV”, is based on a survey of the trade association’s member companies and their cost forecasts between now and 2030.
Armor (Nantes, France), a specialist in ink chemistry and printing technologies, and Cambrios Technologies Corporation (Sunnyvale, CA, US), provider of silver nanowire-based solutions for the transparent conductor markets, on November 20th, 2014 announced the development of a scalable manufacturing process allowing Armor to mass produce Organic Photovoltaic (OPV) devices.
Armor has designed flexible OPV modules using Cambrios’ “ClearOhm” silver nanowires as electrodes.
SolarWorld (Bonn, Germany; Hillsboro, Oregon, US), the largest U.S. solar PV producer for nearly 40 years, and Enphase Energy, provider of PV microinverters (Petaluma, California, US) on November 19th, 2014 announced that they have signed a global strategic partnership agreement.
SolarWorld has formalized Enphase as its supplier of microinverter systems for its custom-engineered PV system solutions in the U.S. market as well as expanded this partnership across both companies’ worldwide distribution networks.
3W Power S.A. (Luxembourg), the holding company of AEG Power Solutions Group (Zwanenburg, The Netherlands), a global provider of UPS systems and power electronic solutions for industrial, commercial, renewable and distributed energy markets, on November 19th, 2014 announced results for Q3 2014.
AEG Power Solutions finished Q3 2014 with €43.9 million in orders and €47.6 million in revenue. Compared to Q3 2013, orders were €55.7million, down 21.2% and revenue was €51.5 million, down 7.5%. Variance was in line with expectations and impacted by certain closures and divestitures as well as the difficult macroeconomic environment, the company notes.
Sky Solar Holdings, Ltd. (Hong Kong), a global independent power producer (IPP) that develops, owns and operates solar photovoltaic (PV) parks around the world, on November 18th, 2014 announced the closing of its initial public offering of 6,353,750 American depositary shares (ADSs), each representing eight of its ordinary shares, at a price to the public of USD 8.00 per ADS.
Trina Solar Limited (Changzhou, China) on November 19th, 2014 announced that it has entered into an agreement for the design, build and operation and maintenance of the 10 MW Shamsuna solar photovoltaic (PV) project in Aqaba, Jordan with Shamsuna Power Company.
Foursan Capital Partners will hold an 85% stake and Shamsuna Power will hold a 15% stake in the PV project, respectively. The project is being financed by International Finance Corporation (IFC) and a small syndicate of lenders.
The mining industry faces challenges such as lower mineral and metal prices and the threat of further stigmatization. Renewable energy could be part of the solution as it improves the energy cost of mines, counters opposition from ecological movements, and above all sends a strong signal of forward orientation, progressive management and corporate governance.
A study conducted by Dr. Thomas Hillig Energy Consulting (THEnergy, Munich, Germany) based on interviews with financing, mining, and energy experts shows that the indirect effects on the mining company’s market value are more significant than the pure electricity cost savings.
The USD 65 billion inverter market by 2020 will be driven by multiple applications, Yole Développement (Lyon, France) announces in its new report “Inverter Technology Trends & Market Expectations”.
“The largest markets in 2020 (in revenues) will be represented by motor drives, UPS, and PV”, explains Dr Pierric Gueguen, Activity Leader, Power Electronics and Compound Semi. at Yole. The strongest market growth will be featured by electric vehicles and hybrid electric vehicles with 18.3% CAGR (in revenues) between 2013. Wind and UPS markets will remain almost flat, he adds.
Canadian Solar Inc. (Guelph, Ontario) on November 18th, 2014 announced that its solar photovoltaic (PV) modules will power a series of projects in Georgia totaling 5.1 MW with Atlanta-based solar developer and Engineering, Procurement and Construction (EPC) provider SolAmerica Energy, LLC.
As the sole provider of photovoltaic (PV) modules for these projects, Canadian Solar expects these projects to be completed in December of 2014. Each of the projects will be owned by Citizens Energy Corporation of Boston pursuant to a development and EPC Agreement with SolAmerica Energy.
JA Solar Holdings Co., Ltd. (Shanghai, China) on November 18th, 2014 announced its unaudited financial results for its third quarter ended September 30th, 2014.
The company shipped solar photovoltaic (PV) products totaling 785.4 megawatt (MW) in Q3, 2014, an increase of 57.0% compared to Q3, 2013, and 15.2% sequentially.
Shipments of PV modules and module tolling added up to 693.5 MW, +127.4% y/y and +55.6% sequentially. Shipments of solar cells and cell tolling were 91.9 MW, a decrease of 52.9% compared to Q3, 2013, and 61.1% sequentially.