Taiwanese cell and module producer Neo Solar Power (NSP) has become the latest solar firm to reveal plans for a yieldco vehicle to support a move into downstream PV project activity.
A conference on climate change and business has been punctuated by a sharp exchange of views between Tony Hayward, chairman of mining giant Glencore Xstrata, and solar industry executives, according to reports.
Chinese state-owned solar developer United PV has hinted that it would intervene should Yingli’s financial woes escalate.
Southern Power, a subsidiary of the utility Southern Company, has acquired the 103MW Butler solar facility in Georgia from renewable energy company Community Energy.
Tier-one module manufacturer Trina Solar has said it expects China to hit its 17.8GW install target for 2015.
Looking to set its renewable-energy sights higher, the Indian state of Maharashtra’s government could potentially raise its target for renewable-source capacity from 14,400MW to 25,000MW.
Renewable energy development company SunEdison has received contracts to build 33MW of DC rooftop solar with Southern California Edison (SCE) in the utility’s most recent round of solar procurement.
Insolvent German module manufacturer Solar-Fabrik has said it is to reduce its workforce by 65 jobs as it continues to search for an investor to rescue the company.
Module manufacturer Trina Solar has reported record first quarter module sales of 1,026.2MW for Q1 2015.
The parent company of Hanergy Thin Film Power (Hanergy TF) has insisted the firm is in good financial condition despite its shares almost halving in value yesterday.
Southern Company subsidiary Southern Power (Atlanta, GA, U.S.) is demonstrating its commitment to developing more renewable energy resources through the acquisition of the 103 MW Butler solar photovoltaic (PV) facility from Community Energy, Inc., in Georgia.
The project, which was initially developed by Community Energy, Inc., was selected by Southern Company subsidiary Georgia Power in a competitive process through the nationally recognized Georgia Power Advanced Solar Initiative.
According to latest findings from IHS Technology’s Q1 report on the global solar PV inverter market, PV inverter shipments grew 37.5% in Q1, 2015 versus the same quarter of 2014 and exceeded 11 GW. This is the largest Q1 on record and the fourth largest quarter the industry has recorded, IHS notes.
Market leader, SMA Solar Technology, enjoyed an outstanding quarter and saw a slight rebound in its market share. Despite not having a major presence in the major Asian markets, its strength in other regions such as the UK saw its global market share increase to 15.7% in Q1, 2015.
Solar PV manufacturer Risen Energy Co., Ltd. (Ningbo, China) will set up an internet finance service subsidiary to create a “new ecosystem of energy production and consumption, investment and financing”, the company announced on May 21st, 2015.
The company will make use of its digital and mobile communications and internet technology by combining new energy power stations and the internet through cloud computing and big data. The registered capital for the project is about USD 16.12 million to be supplied by Risen.
Trina Solar Limited (Changzhou, China) on May 21st, 2015 announced its unaudited financial results for Q1, 2015. Total solar photovoltaic (PV) module shipments were 1,026.2 MW, consisting of 891.7 MW of external shipments and 134.5 MW shipments to the Company's own downstream solar power projects.
This compares with total shipments of 1,098.8 MW in the fourth quarter of 2014 and 558.0 MW in the first quarter of 2014, and the company's guidance of 840 MW to 870 MW.
SunEdison Inc. (Belmont, California, U.S.) on May 21st, 2015 announced that it has been awarded contracts to build 33 megawatts (MW) of rooftop solar photovoltaic (PV) systems with Southern California Edison (SCE) in the utility company's latest round of solar procurement.
The PV systems will be built on rooftops throughout the Orange County and Inland Empire industrial corridors as part of SCE's plan to upgrade and modernize the grid for customers in densely populated metro areas and reduce power interruptions during periods of peak demand.
On May 21st, 2015 global solar company Conergy (Hamburg, Germany) and solar photovoltaic (PV) inverter manufacturer Sungrow (Hefei, China) announced a strategic partnership in which Conergy will purchase inverters from Sungrow for many of its global commercial and utility-scale projects over the next year.
Only two months after signing the contracts for the concentrating solar power (CSP) projects NOOR Ouarzazate II and NOOR Ouarzazate III with the consortium composed of Acwa Power and Sener, the Moroccan Agency for Solar Energy (Masen) is announcing the financial close of these large projects with the effectiveness of all contracts in relation to the offtake and sale of electricity, construction, operation and financing of these plants.
Mercom Capital Group, LLC (Austin, TX, US) on May 20th, 2015 released its quarterly update on the Indian solar market. Mercom’s forecast for solar installations in India for CY 2015 now stands at greater than 2,000 MW due to positive developments in Tamil Nadu.
The Modi administration has continued to announce various solar programs, goals and policies during its one year in office, but has yet to call an auction. According to the Ministry of New and Renewable Energy (MNRE), they are very close to announcing the Phase II Batch 2 program.
The massive deployment of grid-connected solar photovoltaics (PV) in recent years has brought PV penetration into the electricity grids to levels where PV - together with other variable RES – has become a visible player in the electricity sector.
This fact not only influences voltage and power flows in the local distribution systems, but also influences the demand-supply balance of the overall power system. In parallel the size of PV systems continued to grow to the extent that GW-scale systems could be developed in the coming years, the International Energy Agency Photovoltaic Power System Programme (IEA PVPS) notes.
Duke Energy Florida and the University of South Florida St. Petersburg (USFSP) on May 20th, 2015 unveiled a new solar battery project that will explore how to store and use energy from the sun. A USD 1 million grant from Duke Energy is funding the research at USFSP.
As part of the grant, a 100 kilowatt (kW) solar photovoltaic (PV) system has already been installed on the top of the university's 5th Avenue South parking garage.