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Dispute over arbitration location causes stumbling block for PV projects in Egypt

Great Sphinx of Giza Pyramid of Menkaure. Cairo, Egypt. Photo by Mstyslav Chernov.

A dispute has emerged between the Egyptian Electricity Transmission Company and international lenders and developers over the arbitration venue for PV projects that are being developed in the country, which could lead to delays...


The pv magazine weekly news digest

Berlin, Germany

Renewable energy developments in Germany and Argentina topped the news this week but also making waves was a report that global off-grid solar sales grew 40% in 2015 while India unveiled what is said to be the largest rooftop...


Nigeria's solar hopes stall

Abuja, Nigeria

Nigeria is considered an emerging economy that has the potential to drive a dynamic domestic solar PV market. But the global oil price plunge and a national currency crisis have stalled hopes.


Hanwha Q Cells Q1 results show encouraging Y/Y resurgence in profit, revenue and shipments

Hanwha Q Cells HQ.

Module shipments from the Korean solar PV manufacturer reached 912 MW in the first quarter, exceeding the guidance range, while gross profit topped $109m and gross margin reached 21.2%.


KfW finances 76 MW of renewable projects for Neoen

KfW IPEX-Bank provides financial support for Neoen's renewable PV and wind portfolio

KfW IPEX-Bank loans about $117 million to Neoen to build a 30 MW PV plant and 46 MW of wind energy projects in France.


Australia's UNSW sets sunlight-to-electricity efficiency record of 34.5%

Mark Keevers with the four-junction solar mini-module built at UNSW and which has recorded sunlight conversion efficiency of 34.5%.

Result by engineers at that University of New South Wales edges the solar industry closer to the theoretical limits of PV efficiency, smashing previous record of 24% set by Alta Devices of the U.S.


GE Energy Financial connects 32 MW mega-solar plant in Japan

Fukuoka skyline, Japan.

Installation at Okayama Prefecture was formally commissioned in March and is jointly owned by Virginia Solar Group and GE Energy Financial Services.


Germany raises renewable bar again: clean energy meets nearly 100% of demand

Solar and wind in Germany.

Sunday once again a record-breaker for Germany's renewable energy sector, with wind and solar contributing to 45.5 GW of renewable capacity to meet demand of 45.8 GW.


Renova plots 300 MW solar portfolio in Japan

Tokyo.

The Tokyo-based renewable energy company currently has 190 MW of PV capacity installed, and intends to complete a series of megasolar projects in the country.


The pv magazine weekly news digest

Sonnen and Tesla.

The story of storage gained a few new chapters this week as Saft, Sonnen and Tesla all grabbed the headlines, while further woes for SunEdison, steady-as-she-goes from SMA and a Latin love affair suggested it was...


Middle East's first transfer ownership net metering system

Jordan solar installation.

pv magazine has learned that the Middle East and Northern Africa region is going to acquire its first net metering system with a transfer ownership. Not surprisingly, this development is taking place in Jordan.


SunEdison delays quarterly filing, parts ways with CFO

SunEdison installation.

First quarter financial report will be delayed as SunEdison teminates the employment of chief financial officer Brian Wuebbels. Yieldco TerraForm Global receives 90-day notice to issue its 2015 annual report.


Sunrun reports strong growth in Q1 results

While the third-party solar company was hit in Q1 by changes to net metering policies in several states, the company’s results showed strong growth and positive trends.


Manz AG’s energy storage segment drives growth in Q1

Manz AG FPD equipment

German hi-tech equipment manufacturer Manz AG posted promising first quarter financial results, as revenues rise 19.5%, mainly driven by a significant increase in its energy storage segment.


Yingli defaults on $270m loan, actively steps up restructuring process

Yingli PV production.

Debt worries mount for Chinese solar manufacturer as it misses payments of RMB 1.76 billion due today; issues statement saying it is stepping up ways to generate cash flow.


Sol Voltaics raises USD17 million for cell efficiency nanotech

Sol Voltaics has received $17 million in C funding round. In 2017, Swedish startup will start pilot production of its nanowire technology that can potentially increase solar cell efficiency by up to 70%.


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