Saudi Arabia: Offgrid plant to be powered by ReneSola
ReneSola has been awarded its first Middle East contract by Taibah University in Medina, Makkah Province in Saudi Arabia.
MENA markets to exceed 3GW annually by 2015
GTM Research’s new report “Middle East and North Africa Solar Market Outlook, 2013-2017” forecasts that the annual solar market in MENA countries will reach nearly 3.5 GW by 2015. This will encompass 8% of total global demand in 2015. The report was supported by the Emirates Solar Industry Association.
First Solar acquires Solar Chile
Thin film producer First Solar has announced the acquisition of Santiago-based solar development company Solar Chile.
VC funding down 50% in 2012
Mercom Capital has reported that global venture capital investments, in the cleantech sector, in 2012 plunged nearly 50% to US$992 million in 103 deals. US$1.9 billion was raised in 2011. The report also states that 35 solar companies filed for insolvency or bankruptcy protection in 2012.
Polysilicon industry to resume growth in 2013
Bernreuter Research sees rising demand with new PV installations of 36 GW. According to the latest Bernreuter Research analysis the global polysilicon industry will resume growth and increase production by 6.5% in 2013.
2013 China PV demand to amount US$3 billion
NPD Solarbuzz has stated in its China Balance of Systems Market Report that revenues of CNY 19.5 billion (US$3.1 billion) will be made available to PV balance-of-system suppliers in the Chinese market this year.
India: 350kW rooftop project signed
Inspira Martifer Solar, a subsidiary of Martifer Solar will install its first rooftop project in Mahabaleshwar, India.
IMS Research releases new report on emerging solar markets
IHS solar experts from IMS Research, iSuppli and Emerging Energy Research have analysed potential solar PV development in markets that have yet to emerge. Demand forecasts for 38 selected emerging markets in Southeast Asia, Eastern Europe, Middle East, Africa and Latin America are in focus.
Kazakhstan: New plant opened in Astana as part of larger PV project
A new PV module production plant has been opened in Kazakhstan’s capital city, Astana. 60 MW are expected to be produced annually with an expansion up to 100 MW expected. The project is a part of the state program to create a silicon industry in the country.
Mage Solar and Salt Service complete 24kW offgrid project
Mage Solar and Salt Service have announced the completion of a 24kW PV system with battery backup in Florida Keys, a coral archipelago in southeast United States.
