Latest PV market updates

RES Americas to build 40 MW energy storage system in Illinois

RES Americas 4 MW storage system, Sunbury, Ohio

BYD America will supply the battery storage modules for the projects. The batteries use lithium iron phosphate. Construction is to begin this winter, with completion scheduled for August.


Canary Islands: Oil or PV?

Fuerteventura, Canary Islands

Despite escalating local opposition, oil giant Repsol is planning to commence deepwater drilling off Spain's Canary Islands in search of petroleum. The sun-drenched Canary and Balearics Islands are Spain's lost solar PV case.


Bangladesh installs 3 million residential solar systems

Bangladesh solar PV installation

In order to achieve its energy 2021 energy target providing electricity access to all residents, the country is seeking to more than double electricity generation to 24 GW, 10% of which from renewables.


BNEF: global solar to grow to close to 60 GW in 2015

PV panels.

Bloomberg New Energy Finance (BNEF) has taken a bullish stance when making predictions for the 2015 solar market. It forecasts 58.3 GW to be installed in 2015, with lead analyst Jenny Chase saying the somewhat bullish figure is...


Despite hefty losses, Vivint Solar remains on track to double installed capacity in 2014

Vivint headquarters, Utah

The Utah-based company booked some 62 MW in the quarter, up 206% year-over-year, and installed about 49 MW -- an increase of 196% while its cumulative installed megawatts reached approximately 178 MW at the end of September.


Italian PV companies head to Morocco

Morocco solar PV installation

Rome-based Kenergia is developing and coordinating the Solar Breeder project in Morocco. The program is seen as the starting point in a process of investments that will involve Italian companies, local banks, private investors...


Bosch Power Tec shutters inverter, storage plants in Germany

Bosch Power Tec string inverter

The company plans to bundle production and development of inverters and storage systems at its headquarters in Baden-Württemberg after closing facilities in Hamburg and Hessen.


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