Latest headlines

Phoenix Solar doubles Q1 revenue Y-o-Y

Solar installation in Munich.

The German PV project developer posts first quarter revenue of EUR 9.9 million, double that achieved in Q1 2015, following the conclusion of several large-scale projects. Accelerated Q2 growth forecast.


Origin Energy signs 13-year PPA for 100 MW Queensland solar farm

Queensland.

Australian utility inks a 13-year power purchase agreement with the developers of the Clare Solar Farm, which is a 100 MW PV plant currently under construction in Queensland.


IHS announces 100 GW of solar installed in Europe

More than 97 GW of solar have been installed in Europe in the last 10 years

Europe has reached 100 GW of grid-connected PV. SolarPower Europe calls for a market design reform to pave the way for the 200 GW benchmark.


Enphase Energy hits Q1 revenue target as price reduction roadmap continues

Enphase president and CEO Paul Nahi.

The U.S. microinverter specialist reports first quarter revenue of $64.1 million, shipments of 143 MW and a GAAP gross margin of 18.3% as product costs continue to fall.


Work begins on a 47 MW solar project in Central Japan

This is investment firm GSSG Solar’s first utility-scale project in Japan.


Huawei and Sunseap seeking strategic cooperation

Huawei 20 MW Fusion Solar Smart PV plant in Trowbridge, UK

Leading Chinese inverter manufacturer and O&M system supplier Huawei signed an agreement with Singapore's largest clean energy provider Sunseap to embark on a strategic cooperation for the Southeast Asian market.


Hanergy’s USD660 million Macrolink deal scrapped

Hanergy America Solar Solutions

The unusual deal, which appears to be effectively cancelled, would have seen Hanergy supply 600 MW of BIPV production equipment to Macrolink for USD660 million and an agreement that Macrolink would purchase 3.48% of the company’s...


GE to deliver 220 MW of inverters to DEWA's Dubai solar project

The GE LV5 Series 1 MW central inverter will be shipped to Spanish EPC TSK in the summer for installation in the DEWA solar project.

The DEWA project is currently attracting bids for the world's cheapest solar energy, and 220 MW of PV installed in the next phase will be controlled by GE’s LV5 Series central inverters.


US: DOE grants $25m to aid grid integration of solar energy

Rooftop solar install, U.S.

Department of Energy pledges $25 million in funding as part of the extended Enabling Extreme Real-Time Grid Integration of Solar Energy program, part of the Grid Modernization Initative.


India: SECI calls on World Bank for $200m financing for own solar projects

Hyderabad, Andhra Pradesh.

The Solar Energy Corporation of India plans to increase its downstream portfolio with series of large-scale solar projects across the country; has approached World Bank to provide 50% funding.


Duke Energy adds 30 MW to its solar portfolio

5 MW Mickey Mouse-shaped PV plant in Florida

Duke Energy has acquired six PV projects with the total capacity of 30 MW in Eastern North Carolina.


Canadian energy company eyes 150 MW PV plant in Vietnam

Hoi An, Vietnam

CMX Renewable Energy Inc. has applied for a license to build a 150 MW PV plant, costing an estimated USD150 million, in Vietnam’s Ninh Thuan province, just as the solar market is being stirred within the country.


Vivint Solar switches leadership as CEO steps down

Vivint Solar HQ.

Greg Butterfield steps down as chief executive officer at Vivint Solar, with David Bywater appointed interim CEO as the company looks for a permanent replacement.


Financing secured for 60 MW PV plant in Bolivia

Bolivia’s Central Bank will provide a US$95 million loan for the Uyuni PV project, the largest solar project to date in the nation.


Canada suspends MicroFIT until July

Citing “irregular and incomplete applications”, Ontario’s grid operator has halted the program until a new version of the MicroFIT is rolled out in July.


GTM Research predicts 2016 market declines in China and Japan as India and the U.S. boom

The company’s latest report also finds that auctions are increasingly popular as a form of procuring utility-scale solar.


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