In separate announcements, U.S.-based SunEdison said it has won contracts for solar projects totaling 371 MW, while Germanys juwi has begun construction on an 86 MW PV plant.
Canadian Solar Inc. has it secured US$53 million in project financing from Investec Bank plc for four solar PV plants totaling 40.2 MW in England. It also again mentioned the formation of a yieldco in the coming months.
Leaders of G7 countries back global greenhouse gas reductions by between 40-70% by 2050, with full decarbonization of global economy by end of century.
Chinese manufacturer Suntech has announced its intention to upgrade 1 GW of its module capacity to polycrystalline PERC output by the end of 2015. The resultant 72-cell modules will have a power output of 325 W, an increase of around 10 MW from its non-PERC, four busbar modules.
SunEdisons yieldco vehicle, TerraForm Power has acquired 23 MW of solar across 48 plants totaling 34 MW from a subsidiary of Integrys Energy Group, Inc. TerraForm will pay US$45 million and assume $10 million in project debt.
Turbulent times for Hanergy follow turbulent weather for Solar Impulse, but the tumult could not derail solar’s juggernaut, which enjoyed a series of positive news stories this week.
JinkoSolar Holding Co., Ltd has supplied 33.67 MW of modules to Rijn Capitals San Pedro solar project in Chiles Atacama desert.
Three solar PV projects worth 400 MW have been approved by the Bureau of Land Management (BLM) under its Western Solar Plan. Up to 1,900 construction jobs are expected to be created.
As part of a EUR 1 billion climate action investment, Ikea has pledged to channel EUR 100 million in installing solar. Overall, EUR 600 million will go towards wind and solar projects, with the remaining EUR 400 million going to the Ikea Foundation.
As part of its expansion plans, Vivint Solar has announced it will enter the commercial and industrial solar sectors via a US$150 million investment fund. It has also partnered with a number of EPC companies.
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