U.S. manufacturer Ascent Solar has signed a deal to build a factory China’s Jiangsu Province. The city of Suqian is investing $32.5 million in the joint venture.
The global module supplier has reached a memorandum of understanding with OneRoof Energy of the U.S. to supply 50 MW of modules for its rooftop projects.
The latest acquisition brings the Hong Kong solar plant investor and operator’s total number of grid-connected projects in 2013 to 400 MW.
The global solar provider will supply 25.3 MW of modules to four solar projects in the U.S. state of North Carolina.
The state-owned nuclear technology giant says its new partnership with Yingli is reflects China’s goal of sustainable development. The companies aim to build 500 MW of distributed generation projects.
The China Development Bank will loan the country’s largest renewable energy company the funds to develop 800 MW of solar projects.
The modules will be supplied to solar wholesaler Ikaros Solar, and will be installed in a solar park in the county of Norfolk, England.
The country’s state-run Solar Energy Corp. — which is set to conduct the 750 MW auction — says solar developers are concerned many state utilities will be unable to pay for power produced.
The country’s Energy Market Regulatory Authority predicts solar PV capacity to reach 3 GW by 2023.
The decision marks the first time that unsubsidized solar energy has gone head-to-head with natural gas and come out on top as the best option, both economically and environmentally.
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