More than 40 companies have expressed interested in a tender for the construction of a 50 MW solar power plant in Armenia. The project is a part of a US$58 million program to boost renewable energy in the country.
The British provider of the pay-as-you-go off-grid solar system has commenced the installation of its home systems across Nigeria, with the aid of the country’s Niger Delta Power Holding Company.
Around 75 jobs will be lost during the microinverter specialist’s restructuring drive, which reflects increased price pressure across the segment, both globally and in the U.S.
The Singapore-based developer of renewable energy will develop and construct two 100 MWac solar PV projects, located in South Australia and Queensland.
It is estimated that last year more than 100 MW was installed in the segment. With the new distributed generation regulation they believe that new business models will lead to a notable increase in the market his year.
The move is a step toward regaining regulatory compliance, in advance of a potential purchase by Brookfield.
End of year surge in installations pushes annual total towards 1.5 GW – a slightly higher figure than that recorded in 2015. Tumbling module costs in Europe have aided this upturn, with small-scale solar installations predominant.
Allianz Renewable Fund 2 acquires three large scale solar PV plants from Germany’s BayWa r.e., amounting to 100 MWp of additional solar capacity.
SEC filing outlines proposed changes, described by company CEO Paul Nahi as “necessary to create path to sustained profitability”. Restructuring will cost estimated $2 million and follows announcement last year of staff losses.
The Florida power company’s results call indicate very rapid activity over the last year, and NextEra expects a similar rate for future development, along with dividend growth.
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