Trina Solar is expected to announce its first PV manufacturing plant to be based outside of China, shortly.
Major tier-one PV manufacturer, JinkoSolar, is to supply distributor, Almacen Sustentable (AS Solar) in Mexico with 7MW of modules.
PV equipment specialist, Amtech Systems, has secured a follow-on order with US-based PV manufacturer, Mission Solar, in a multi-million dollar deal said to be in the low teens.
China’s Yingli Solar is to be a key module supplier for the 300MW solar project being built in France that is on course to become Europe’s largest PV power plant.
China can double its current use of renewable energy to 26% by 2030, with solar PV accounting 6% of all renewable energy use by that time, according to a new report released today by the International Renewable Energy Agency (IRENA).
Major PV energy provider SunEdison is forming a joint venture with Brazil’s largest renewable energy company, Renova Energia S.A. to build 1GW of PV power plant projects in Brazil.
New utility solar installations in the US so far this year are down 31% on last year, according to the country’s Federal Electricity Regulatory Commission (FERC).
Major PV manufacturer, Trina Solar, has reported third quarter module shipments of 1,063.8MW, exceeding the 1GW quarterly module shipment milestone and an increase of 12.8% from the previous quarter. However, Trina Solar lowered full-year shipment guidance on lower PV project completions.
Global energy developer New Generation Power (NGP) signed a memorandum of understanding with the Federal Government of Nigeria to deliver 1,200MW of utility-scale photovoltaic projects within the West African country.
PV developer and engineering, procurement and construction firm, Conergy, has won a contract to build 41MW of solar in the Philippines as the country continues to progress with its PV roll-out.
REC Solar ASA (Oslo, Norway), acting through a subsidiary, has reached an agreement with Bluestar Elkem Investment Co. Ltd. (Hong Kong, China), whereby Bluestar Elkem will purchase 100% of the shares in a Luxembourg company (to be established) which will own REC Solar Holdings AS and all of the assets and liabilities of REC Solar at a cash purchase price equal to NOK 108.50 per share in REC Solar.
The total cash consideration is NOK 4,340 million (approx. USD 640 million). The Transaction is subject to approval by an extraordinary general meeting of REC Solar, expected to be held no later than January 16th, 2015.
Walmart (Bentonville, Arkansas, US) on November 20th, 2014 announced, the company will install up to 400 new solar photovoltaic (PV) projects at facilities across the United States over the next four years.
This advances the company’s global commitment to drive the production or procurement of seven billion kWh of renewable energy by the end of 2020 and its goal to be supplied by 100 percent renewable energy. To facilitate these installations, Walmart selected proposals from two preferred solar energy providers, SolarCity and SunEdison, following an RFP process.
US based Mission Solar Energy has ordered an InPassion ALD for its high efficiency n-type silicon bifacial solar cell line, SoLayTec (Eindhoven, The Netherlands) announces. With this order the company enters the U.S. market.
LG Chem (Seoul, Korea) and Siemens (Berlin and Munich, Germany) have agreed to collaborate more closely on project development and marketing of industrial battery storage systems, and have signed a memorandum of understanding to this effect.
With this collaboration, the companies are responding to the growing demand for energy storage systems (ESS), which are needed more and more to stabilize distribution grids.
Conergy (Hamburg) on November 25th, 2014 announced that it will build two new solar photovoltaic (PV) plants totaling 41 MWp in the Philippines. The PV new projects bring Conergy’s total contracted volume in the fast-growing Asian market to 73 MWp.
The new PV plants will be built on the island of Negros for San Carlos Solar Energy Inc. (SaCaSol), a joint venture between European-based investment and advisory firm, ThomasLloyd and Bronzeoak Philippines.
Hanwha SolarOne Co., Ltd. (Shanghai, China) on November 21st, 2014 reported its unaudited financial results for the three months ended September 30th, 2014. Total net revenues were RMB 1,198.0 million (USD 195.2 million), an increase of 8.2% from RMB 1,107.3 million in Q2, 2014, and an increase of 5.5% from RMB 1,135.1 million in Q3, 2013.
The increase in total net revenues in 3Q14 compared with 2Q14 was primarily due to higher shipments. Module processing services accounted for approximately 10% of revenues, the company reports. Gross margin was positive 6.8%, compared with positive 9.5% in Q2, 2014 and positive 5.1% in Q3, 2013. The decline in gross margins is the result of lower average selling price, Hanwha SolarOne notes.
Southern California Edison (SCE, Rosemead, California, US) has launched a Request for Offers (RFO) to acquire electricity from new renewable distributed generating facilities.
The RFO was launched to support SCE’s Preferred Resources Pilot (PRP) in central and south Orange County and is seeking up to 50 megawatt of renewable power.
Trina Solar Limited (Changzhou, China) on November 21st, 2014 announced it obtained Carbon Footprint Verification for the Company's solar photovoltaic (PV) modules from the British Standards Institution (BSI), a leading international standards and certification body.
“We are pleased to once again receive the Carbon Footprint Verification for our solar PV modules,” said Jifan Gao, CEO and Chairman of Trina Solar.
According to a new report by the Environment America Research & Policy Center (Boston, MA, US) solar power is growing so fast across the U.S. that goals once considered ambitious are now seen as readily achievable.
“We can get to 10 percent solar by 2030 if we just keep our foot on the accelerator,” said Rob Sargent, Energy Program Director for Environment America and co-author of the report.
“That’s a small fraction of what’s possible, but it will make a big difference in the quality of our lives and our children’s future.”
Mercom Capital Group (Austin, Texas, U.S.) released its quarterly update on the Indian solar market and reports that cumulative solar photovoltaic (PV) installations in India crossed the 3 GW mark with 734 MW installed so far this year.
However, 2014 will be a disappointment with calendar year installations forecasted at about 800 MW, a 20 percent drop year-over-year, Mercom notes.