Integrated monocrystalline PV manufacturer, Solargiga Energy Holdings, reported an increase in revenue of 33.2% in 2014 and reduced losses, compared to the previous year.
US-based PV installer RGS Energy reported a loss of US$57.1 million in 2014 as it restructures its operations and finances.
Extreme weather patterns could be behind a disparity in power generation from the East and West Coasts of the US, with the East underperforming expectations last year, according to a new report.
One of Japan’s largest trading companies, Marubeni, which is already involved in both upstream and downstream sectors of PV industry, has entered the domestic market for residential solar.
Terraform Power, the yield-co subsidiary of international solar and wind developer, SunEdison, has announced its acquisition of 168MW of solar power plants from the parent company in Q1 of 2015.
Hanergy Thin Film Power (Hanergy TF) remained highly dependent on parent company Hanergy Holding Group for revenue in 2014, gaining revenue for the sales of a small number of PV plants and limited revenue from thin-film sales to IKEA that were outside group transactions.
GE Energy Financial Services and Pacifico Energy — the latter being a subsidiary of Virginia Solar Group — have agreed to a partnership for a third time, teaming up to develop a solar power project in Japan.
Solar energy solutions provider REC Group has reached a deal with Tucson Electric Power (TEP) as the new exclusive solar panel supplier for the local utility’s TEP Residential Solar Program.
Monocrystalline wafer producer Comtec Solar Systems Group reported a 20% revenue drop from the sale of 125mm x 125mm monocrystalline solar wafers, primarily to its largest customer, SunPower in 2014.
Gigawatt Global, the solar and social development company responsible for developing Rwanda’s first utility-scale PV power plant, has been awarded two grants to develop a solar project in neighbouring Burundi.
The East Coast of the U.S. experienced up to 5% lower than average levels of solar irradiance in 2014, negatively impacting overall performance of solar sites in the region according to a Vaisala 2014 solar study, revealing the role of extreme weather patterns in growing East-West solar power productivity divide.
Concurrently, the West Coast enjoyed irradiance levels up to 10% higher than average, widening the productivity gap between projects in the country's two areas of highest solar development.
Gigawatt Global (Arlington, VA, US), a solar and social development company and a partner of Power Africa and Power Africa's Beyond the Grid sub-initiative, has signed two international grants for a solar photovoltaic (PV) project in Burundi, where only four percent of the population has residential access to electricity.
The proposed 7.5 Megawatt (MW) solar field, will increase the country's generation capacity by 15%.
IHS Technology (El Segundo, California, US) will release its “Q1’15 PV Demand Market Tracker” next week, which contains its final estimates for global solar photovoltaic (PV) installations in 2014 as well as newly updated forecasts for 2015 and beyond, based on a bottom-up analysis of more than 100 countries globally.
IHS forecasts that global solar PV installations will grow by 30% in 2015 to reach 57.3 GW. At the same time it has revised its estimates for installations in 2014 to 44.2 GW (previously 45.1 GW).
REC Group (Oslo, Norway) has signed an agreement with Tucson Electric Power (TEP) as the exclusive solar photovoltaic (PV) panel supplier for the utility’s TEP Residential Solar Program.
The agreement marks the first time that the new REC TwinPeak Series product line has been selected for a major rooftop PV project. REC will start shipping 3.5 megawatts (MW) of its high-quality TwinPeak Series panels to TEP in May, with deliveries scheduled to conclude in October 2015, the company announces.
According to research company Wiki-Solar the UK is now the world’s fifth largest ground-mount solar PV market and might achieve third place in March as EPCs scramble to meet the ROC cut off deadline. However, business rescue and insolvency specialist McTear Williams & Wood (Norwich) see trouble ahead after the disappointing Contract for Difference (“CfD”) allocation granted to PV developers by DECC recently.
“The recent CfD allocation in which only five PV projects won support demonstrates the vulnerability of the UK solar industry”, comments Andrew McTear.
sPower (Salt Lake City, Utah, U.S.), and Camborne Capital (Londoin, UK) , a prominent UK PV developer, on March 31st, 2015 announced that all three of their UK solar photovoltaic (PV) projects have achieved commercialization in time to qualify for the UK renewable obligation certificate (ROC) subsidy.
The utility-scale PV projects, totaling 28.5 MW, were connected to the UK grid well ahead of the March 31st, 2015 deadline for 1.4 ROC accreditation. Located in Pembrokeshire and Ceredigion, the facilities were built by Oskomera with TrinaSolar panels across all three sites.
Canadian Solar Inc. (Guelph, Ontario, Canada) on Marche 31st, 2015 announced that it has completed the acquisition of Recurrent Energy, LLC (San Francisco, California, U.S.), a leading North American solar energy developer, from Sharp Corporation (Osaka, Japan).
"With the acquisition of Recurrent Energy our significantly expanded, globally diverse project pipeline places Canadian Solar firmly among the leading global solar energy companies," said Dr. Shawn Qu, Canadian Solar Chairman and Chief Executive Officer.
With more than 200 participants, 23 expert speakers and 15 exhibitors, the Intersolar Summit, taking place in Turkey this year, shows how much potential this country has in the field of renewable energies and how interested international energy companies are in the Turkish market.
Yusuf Yazar, General Manager of the Renewable Energy General Directorate, emphasized in his opening speech that the increasing implementation of renewable energy sources, especially of solar energy, is an opportunity for Turkey to become independent from energy imports.
SunEdison, Inc. (Belemont, Calif., US) and TerraForm Power, Inc. (Bethesda, MD) on March 31st, 2015 announced the interconnection of four solar photovoltaic (PV) plants in North Carolina with a total capacity of 26 megawatts.
TerraForm will sell the electricity generated by the solar power plants to Duke Energy Progress via 15-year Power Purchase Agreements.
On March 31st, 2015 Conergy (Hamburg), announced its expansion into Turkey with the establishment of a co-owned solar photovoltaic (PV) company called RKT Conergy.
This new company is co-owned with the Turkish CO Group, a joint venture partner with which Conergy is well positioned to be a leading player in the Turkish PV market, the company notes.