Latest headlines

Fotowatio awarded 300 MW project in Mexican auction

Fotowatio Renewable Ventures' Moree solar farm. Image: Fotowatio Renewable Ventures

The Spanish solar developer has revealed that it was awarded a 300 MW project in the second Mexican power auction that took place in September, with a lower than average bid of USD 26.99 per MWh.

Leclanché ups 2017 revenue guidance to 75% growth

Leclanche battery cells.

Swiss-headquartered energy storage specialist reveals contract backlog of 85 MWh and ongoing negotiations equating to more than 300 MWh of new storage capacity over coming years.

Venture capital funding in batteries and smart grids declines sharply in Q3: Mercom report

Battery system.

Latest Mercom Capital report finds that just $102 million in VC funding for smart grid, battery storage and efficiency sectors was raised in Q3, down from $433 million in Q2. Project funds for residential and commercial storage...

SMA lowers financial forecast for 2016

Image: SMA Solar Technology

German inverter manufacturer, SMA Solar Technology, has been forced to reduce its financial outlook for 2016, making it the second German solar industry manufacturer to announce forecast reductions today, after SolarWorld made a...

India: TANGEDCO's 500 MW Tamil Nadu solar tender represents risk, says Mercom

Tamil Nadu.

Known for late payments and curtailment, the latest request for selection by the Tamil Nadu Generation and Distribution Corporation represents something of a risk for developers, says Mercom Capital.

SolarWorld to miss 2016 forecasts

Image: SolarWorld

The German PV manufacturer announced that although it is set to achieve its shipment forecast for 2016, it is unlikely to meet its revenue and EBIT forecasts for the year, and has already begun to point the finger at Chinese...

Overcapacities and subsidy cuts prompt falling prices around the world

Module overcapacity on a global scale is putting downward pressure on prices.

Globalization is a fact of life in the solar PV industry as much of the production of modules and other key PV system components takes place in China, only to then be shipped across the seas to customers in other continents.

Stunning price falls could spark another gold rush for US solar PV market

SolarCity rooftop array. Flickr image by orngejuglr.

A Deutsche Bank report has predicted "sharp declines" in US solar module and inverter prices that it says could drive payback periods down to less than five years and spark a "final 'gold rush'" in the American residential,...

8minutenergy announces capital raise to support 5.5 GW PV pipeline

8minutenergy's 50 MW Chocolate Mountain solar PV plant in California. Image: 8minutenergy

The California-based solar developer is looking to take advantage of a growing U.S. PV market, by raising capital on its near shovel-ready projects, which the company believes have a value in excess of USD 1 billion.

GCL New Energy selling USD 14 million of PV equipment to China Finance

GCL New Energy project. Image: GCL New Energy

The solar PV manufacturing equipment will be sold to China Finance in two separate transactions, and will then be leased back to two separate subsidiaries of the GCL New Energy group, as the company looks to raise capital to...

BRICS not building enough investment in clean energy, study finds

Brazilian solar installation.

Analysis by the Institute for Energy Economics and Financial Analysis finds Brazil, Russia, India, China and South Africa need to up their investment in renewables in order to meet climate change targets.

Developer stumps up fees for SunEdison's 500 MW India solar project

the rights to develop a 500 MW solar farm in Andhra Pradesh were previously won by SunEdison, and now SECI says payment of fees to continue with the project have been received.

A power developer has paid a reported INR 2 billion in government fees to Solar Energy Corporation India to enable it to develop solar project initially won by bankrupt U.S. firm SunEdison.

Oxford PV gets more investment in fresh round of funding

Image: Oxford PV

The British perovskite research startup has now attracted GBP 21.3 million (USD 27 million) investment over the last 18 months, which the company is using to bring the commercialization of perovskite PV technology closer to...

USD 300 million partnership between SolarCity and Credit Suisse

SolarCity residential solar PV installation. Image by SolarCity.

The Swiss financer has agreed to a new fund with SolarCity to finance USD 300 million in residential solar projects across the U.S., as SolarCity continues to develop influential partnerships ahead of its proposed merger with...

USD 633 million bond financing confirmed for solar project in Canada

SMA installations at the Kingston Solar Project. Image by SMA.

Connor, Clark and Lunn Infrastructure completed the bond financing along with Samsung for the 100 MW Kingston Solar Project, in what is one of the largest renewable energy bond financings ever to be completed in Canada.

Sonnen receives a further USD 85 investment

Sonnenbatterie storage management system. Image by Sonnen.

The German company announced that it has secured USD 85 million in growth capital, some of which came from two new partners, which will help the company consolidate its healthy position further in the booming energy storage...

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