US: Principal Solar to launch IPO, plans 500 MW of PV in Texas
Principal Solar Inc. is set to go public this week on the Nasdaq capital market. It is looking to raise up to US$26 million by selling up to 2.8 million shares. It plans to become the “world’s first distributed solar utility” and has identified targets, including SolarCity and TerraForm Power, which it could either partner with, or acquire. The U.S. solar company will also develop up to 500 MW of PV projects in Texas.
From the Mag: a selection of stories from the June issue
pv magazine’s June edition touches down in Israel to assess the solar mood on the ground, heads to a farm in Germany to inspect a latest technique in LED flashing, and examines how the mining industry is turning to PV in its many hours of need.
South Africa: SunEdison wins solar contracts worth 371 MW, juwi working on 86 MW project
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 secures financing for 40 MW solar portfolio
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.
G7 leaders to aim for carbon-free economy by end of century
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.
Suntech announces 1 GW poly PERC plans
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.
US: TerraForm Power acquires 48 solar projects from Integrys
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.
The pv magazine weekly news digest
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 supplies 33 MW of PV modules to Chile project
JinkoSolar Holding Co., Ltd has supplied 33.67 MW of modules to Rijn Capitals San Pedro solar project in Chiles Atacama desert.
US: 440 MW of PV approved under Western Solar Plan
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.
