Installations

In a short chat with pv magazine, the head of Eon’s solar business in Germany, Sebastian Eisenberg has described how the German utility is planning to further develop its PV activities after the company’s recent plan to buy a majority stake in Innogy. The deal, in fact, envisages redistributing operations so that RWE focuses on the renewable energy business, while energy networks and customer solutions would be the responsibility of Eon.

Canadian Solar has recorded net income of about $99.6 million for 2017, up sharply from the preceding year, as its full-year PV module shipments jumped by roughly 1.6 GW on the year to 6.8 GW.

The seller of the two PV projects, both to be developed in the state of Minas Gerais, is Chinese-Canadian solar module manufacturer, Canadian Solar. The €95 million transaction enables the Spanish power and gas provider to make its entry into the Brazilian solar market, after it secured its first large-scale PV projects in Spain in last summer’s auction.

The power plant will sell electricity to Iamgold’s Essakane Mine – an off-grid gold mine located 330 kilometers northeast of Burkina Faso‘s capital city, Ouagadougou.

The Norwegian developer’s first solar project in the eastern European country is expected to help the region of Cherkasy reduce its energy shortage.

Belgium market update: Once among Europe’s leaders in solar PV deployment, with more than 1 GW of capacity added in its peak year of 2011, Belgium’s market lost momentum following the abrupt closure of generous subsidy programs. In recent years, driven by its residential PV segment, the country has experienced a solar comeback, which became particularly prominent in the year just passed.

Proposed utility-scale projects have begun piling up at the U.S. federal agency, as the end of the 30% Investment Tax Credit (ITC) draws closer.

This year’s auction will be carried out by Mexico’s energy regulatory commission, CRE. Final results will be announced in early November.

In an interview with pv magazine, the president of the Peruvian Society of Renewable Energies, Juan Coronado, discusses the auction for solar and renewables, which the government is obliged to hold this year, and the different options large-solar has to resume its development in the Andean country. According to him, when the obstacles that are currently impeding private PPAs are eliminated, utility-scale PV projects could be conceived outside of the auction mechanism.

The project is part of the 750 MW Rewa solar park in India’s Madhya Pradesh. YES Bank has also reaffirmed its commitment to mobilize US$5 billion for financing solar power projects in India by 2030 with the International Solar Alliance (ISA) at the latter’s founding ceremony in New Delhi, held last week.