Top50-Solar

Sharp increased solar module outsourcing to Solargiga in 2014

Apr 01, 2015

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.

RGS Energy posts loss of US$57.1 million in 2014

Apr 01, 2015

US-based PV installer RGS Energy reported a loss of US$57.1 million in 2014 as it restructures its operations and finances.

Solar irradiance map shows East Coast USA PV projects ‘underperformed’ last year

Apr 01, 2015

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.

Japanese trading conglomerate Marubeni moves into residential solar

Apr 01, 2015

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.

SunEdison transfers 168MW of solar projects to Terraform Power

Apr 01, 2015

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 to Hanergy’ sales still dominate

Mar 31, 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 to develop 96.2MW plant in Japan

Mar 31, 2015

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.

REC to provide solar panels for TEP’s residential solar program

Mar 31, 2015

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.

Comtec Solar takes wafer revenue hit from SunPower

Mar 31, 2015

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.

Burundi set to follow Rwanda’s lead with 7.5MW PV power plant

Mar 31, 2015

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.

Solarserver

New study: Subpar solar irradiance undermines U.S. East Coast project performance

Apr 01, 2015

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.

Solar power for Africa: Gigawatt Global announces 7.5 MW PV project in Burundi

Apr 01, 2015

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: Global solar PV installations will grow by 30% to reach 57 GW in 2015

Apr 01, 2015

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 to supply 3.5 MW of its new TwinPeak series PV panels for Tucson Electric Power’s residential solar program

Apr 01, 2015

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.

More questions about PV viability after poor CfD allocation in the U.K.

Apr 01, 2015

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, Camborne Capital PV projects totaling 28.5 MW achieve commercialization ahead of 1.4 ROC deadline

Apr 01, 2015

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 completes the acquisition of Recurrent Energy from Sharp Corporation

Apr 01, 2015

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.

Industry experts discuss strategies for tapping the great PV potential in Turkey at Intersolar Summit

Apr 01, 2015

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, TerraForm Power interconnect solar PV plants totaling 26 MW in North Carolina; solar power to be sold to Duke Energy Progress under 15-year PPAs

Apr 01, 2015

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.

Conergy enters solar PV market in Turkey with joint venture

Mar 31, 2015

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.