Latest headlines

Swinerton, D.E. Shaw complete the largest solar plant in the Midwest

Xcel Energy will buy power from the 100 MW-AC North Star Solar facility in Minnesota.

Silicor nears completion of financing for USD1bn Iceland facility

Silicor Materials production. Image by Silicor Materials.

U.S. solar silicon manufacturer Silicor Materials is just USD150 million away from completing financing for the company's first commercial-scale site to produce solar silicon using its unique production process.

The pv magazine weekly news digest

RWE HQ in Essen, Germany.

More storage movement as RWE moves to acquire Belectric and Enphase launches its AC battery in Australia and New Zealand. SolarCity-Tesla and GCL-SunEdison also make the news turn this week.

SolarCity value miscalculated by $400 million in Tesla merger

SolarCity van and installation. Flickr image by orngejuglr.

A Securities and Exchange Commission (SEC) filing by Tesla on Wednesday revealed that the investment bank that advised SolarCity on its sale to Tesla, Lazard Ltd, double-counted some of the company’s projected indebtedness,...

BBOXX raises $20m funding to boost African off-grid solar presence

Kigali, Rwanda.

The London-based solar systems provider has secured investment from a consortium of backers, including Engie SA, to help support its expansion plans in Cameroon and the Ivory Coast.

GCL-Poly agrees to buy $150 million of SunEdison's manufacturing business

GCL-Poly polysilicon facilities in China. Image by GCL-Poly.

The Chinese company will buy three of SunEdison's manufacturing businesses involved in polysilicon and cell production, amid rumors that it is also planning to make a bid for SunEdison’s controlling stake in TerraForm Power.

Storage shows its worth in UK's first Enhanced Frequency Response auction

Kokam large scale storage.

A total of 1.4 GW of projects were put forward under the 200 MW tender, with energy storage projects taking positive steps forward, says Renewable Energy Agency.

BREAKING: SolarCity to lay off 108 workers in the SF Bay Area

The company will eliminate 80 employees from its San Mateo headquarters and another 28 from its offices in San Francisco.

Berkeley Lab: U.S. PV contract prices fell below $50/MWh in 2015

The national lab’s latest report finds ongoing declines in PV system prices, with residential system prices falling to $4 per watt in 2015.

Brazil mulls request for amicable cancelation of 670 MW of solar awarded in first tender

Sao Paulo.

Following the devaluation of the Brazilian real against the U.S. dollar, six companies that won PPAs in 2014 may now be able to cancel the solar development contracts. Small penalties likely to apply.

Trina Solar back to sequential growth with revenue and sales increases

Cell manufacturing at Trina Solar.

The Chinese PV manufacturing powerhouse posted another set of impressive quarterly results, which saw significant sequential and year/year growth in revenues and sales, during a quarter in which the company broke a number of cell...

EU reimposes AD solar duties on three more Chinese companies

European Commission

Osda Solar, Qixin Solar Electrical Appliance and Shandong Linuo Photovoltaic Hi-Tech all deemed to be in breach of the terms of the MIP undertaking.

The pv magazine weekly news digest

Another busy week in solar draws to a close, with Chile, Argentina and SolarCity on the PV podium.

Massive movement in LatAm as Chile lowers the PV price bar and Argentina sets its solar sights high. Elsewhere, SolarCity continues to grab the headlines.

SolarCity cuts co-founder salaries to $1, announces job losses

SolarCity installation.

In SEC filing, U.S. solar lease provider reveals it expects to incur restructuring charges of $3-$5 million in light of unspecified number of job losses. CEO and CTO to accept reduced salary as reduced guidance bites.

Renewables sweep Chile’s electricity market and set historic low prices

The median price for 12.4 terawatt-hours awarded is around US$47.59/MWh. Wind triumphed and solar took a minimal part of the total, but set new records at $29/MWh.

1366 Technologies unveils 3-D wafers

The company says that its 3-D wafers lower the amount of silicon needed for each wafer without losing strength or performance.

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