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.
Daimler AG has announced its entry into the stationary energy storage market. With its Mercedes-Benz branded lithium-ion batteries, it will target both industrial customers and residential applications.
Chinese PV manufacturer to supply China Southern Power Grid Synthesis Energy with modules to be deployed in distributed rooftop PV projects in Chinas Guangdong and Hainan provinces.
Europe recently approves studies for energy infrastructure plans that could transform its energy market and boost renewable investments. Electricity interconnection plans specifically between U.K. and France, and Greece, Cyprus and Israel stand out.
The Global Apollo program looks to emulate the successful moon missions of the ’60s by diverting similar levels of efforts and funding towards making clean energy cheaper than coal.
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