LDK Solar has claimed through its Cayman Island liquidators that unaudited accounts indicate the company had revenue of US$273.1 million in the fourth quarter of 2013, up from US$156.6 million in the previous quarter.
United Photovoltaics Group is close to signing a deal with China Financial Leasing Company (Sinolease) to provide at least US$1.6 billion in PV project funding.
US solar energy provider FLS Energy has confirmed a 13.2MW module order with JA Solar.
Hanergy has signed a memorandum of understanding (MoU) with renewable energy asset management firm Greenbacker Renewable Energy Corporation for the funding of up to 126MW of PV projects in the US.
The price gap between monocrystalline silicon modules and multicrystalline is closing as rooftop markets continue to expand, according to market research firm, EnergyTrend.
A new US$100 million project finance fund for distributed solar in the US is to be set up by Hannon Armstrong Sustainable Infrastructure (HASI) and clean energy finance firm Sol Systems.
The International Electrochemical Commission (IEC) will begin a programme of standardisation for redox flow batteries – which can be used for large-scale energy storage applications – following discussions which were initiated in Japan in October 2013.
Tracking manufacturer SPG Solar has completed the install of a 50MW system for a project in Arizona.
SolarCity looks likely to resume its programme of deploying residential energy storage systems in California, following a preliminary ruling by the state’s Public Utilities Commission appeared to rule in the company’s favour.
Plans have been agreed at the aleo solar EGM for the company to wind down through a liquidation, with as much as €50 million (US$69.1 million) of support provided by parent company Robert Bosch in order to avoid bankruptcy proceedings.
The European Photovoltaic Industry Association (EPIA, Brussels) has announced that it will release its annual report on the global market for solar photovoltaics (PV) on June 2nd, 2014 at the Intersolar Europe trade fair in Munich. “Global Market Outlook for Photovoltaics 2014-2018” will feature a comprehensive look of the development of European and global PV market, detailed five-year forecasts, an analysis of the role of PV in the European energy sector, and insights into industry trends.
Solargiga Energy Holdings Ltd. (Hong Kong) has released selected unaudited results for the first quarter of 2014, reporting a 131% year-over-year growth in revenue to USD 130 million. The company also reports a 75% year-over-year increase in solar photovoltaic (PV) product shipments to 261 MW.
China Financial Leasing Company Ltd. (Sinolease, Hong Kong) has entered into a strategic cooperation agreement with United Photovoltaics Group Ltd. (Hong Kong). This includes plans to provide at least USD 1.6 billion in lease financing to United PV for its solar photovoltaic (PV) project business over the next five years, subject to further definitive agreements.
United PV will use these funds to acquire, develop, construct, operate and maintain PV projects. Sinolease will also provide financial consultation for the company and develop financial products and services.
Google Inc. (Mountain View, California, U.S.) has acquired solar-powered unmanned aerial vehicle (“drone”) maker Titan Aerospace (Moriarty, New Mexico, U.S.).
Google notes that the company's technology is still in a relatively early stage of development, but says that possible applications include using the drones to provide internet access to unserved areas across the world.
Enphase Energy Inc. (Petaluma, California, U.S.) has established a regional headquarters for the Asia-Pacific (APAC) region in Melbourne, Australia, and has additionally appointed Nathan Dunn as managing director for APAC.
Enphase entered the Australian PV market in the fourth quarter of 2013. While the large majority of the company's microinverter sales remain concentrated in the United States, Enphase's share of international sales increased to 15% during the quarter.
SPG Solar (Petaluma, California, U.S.) reports that it has delivered its SunSeeker trackers to Black & Veatch (Overland Park, Kansas, U.S.) for a 50 MW-DC solar photovoltaic (PV) project in the U.S. state of Arizona.
The PV project occupies over 1,000 hectares, and is expected to be commissioned during spring 2014. SPG Solar notes that the plant will generate more electricity with the use of its tracking system.
The U.S. Department of Energy (DOE) has issued a draft loan guarantee solicitation to support innovative U.S. renewable energy and energy efficiency projects, as well as projects to sequester greenhouse gases. The Renewable Energy and Efficient Energy Projects Loan Guarantee solicitation will make up to USD 4 billion in loan guarantees available to help commercialize technologies that may be unable to obtain full commercial financing.
China Sunergy (CSUN, Nanjing, China) has signed a framework agreement to supply 15 MW of its solar photovoltaic (PV) modules to engineering, procurement and construction (EPC) contractor PV-Systems (Turkey) at the Solarex exhibition in Istanbul. The company will provide its CSUN 250-60P modules, both from its factory in Istanbul and Chinese sources.
The South Africa Department of Energy (DOE) has announced that it is considering adding an unspecified amount of additional renewable energy capacity under the third window of the Renewable Energy Independent Power Producers Programme (REIPPP). The agency notes that prices offered by the bidders in Window 3 are competitive, and reflect a downward trend compared to the prices in the first two windows.
Tenaska Solar Ventures LLC (Omaha, Nebraska, U.S.) has decided to use standard solar photovoltaic (PV) technology instead of concentrating photovoltaics (CPV) in a 150 MW solar project which it plans to build in Southern California.
The CSOLAR IV West PV project is located on more than 4.5 square kilometers of abandoned agricultural land in California's Imperial Valley. Tenaska will sell the electricity generated by the project via a power purchase agreement (PPA) to utility San Diego Gas & Electric Co. (SDG&E, San Diego, California, U.S.).