Utility-scale PV

Foresight Group’s Australian PV power plant portfolio totals 250 MW

UK-based asset manager Foresight Group claims to have assembled the largest asset fleet of utility scale solar in Australia. After having acquired four solar projects in Queensland and initiated one Victorian project in less than two years, the fund noted that it had moved quickly to “capitalise on the opportunities.”

100 MW PV project in Inner Mongolia announced by Yingli Energy

Yingli Solar has announced that its wholly owned subsidiary, Yingli Energy Company Limited is to develop a 100 MW “Top Runner” solar project in Wuhai City, in China’s Inner Mongolia autonomous region.

France plans 200 MW joint wind and solar auction

The French government, which has so far held separate auctions for the two leading renewable energy technologies, said joint tenders will help further reduce costs. The first auction will be open to projects not larger than 18 MW.

ERG enters solar energy business with acquisition of 89 MW in Italy

The Italian wind energy specialist has acquired 100% of ForVei, a company that owns 30 PV plants across northern, central and southern Italy.

Anti-dumping petition has created huge uncertainty for entire Indian solar sector, Bridge to India says

Indian renewable analyst firm notes that anti-dumping comes at inopportune time with the industry already reeling from a slowdown in new project procurement, extra costs due to GST, import duties and increased module prices. It is expected to come by October 2018 and may affect all stakeholders and projects in the pipeline as well as those awaiting auction.

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ET Energy to build 61 MWp solar project in Malaysia

With over 220,000 solar modules installed on 110 hectares of land, the project is expected to be switched on by the end of 2018.

Mexico’s power auction pre-selects 16 bids with average price of $20.57/MWh and 2.56 GW of combined capacity

According to the auction’s preliminary results, solar may account for 55% of contracted power with 3.0 TWh. Final results will be announced on November 22.

Mudajaya to finance 49 MW in Malaysia with Islamic bonds

Mudajaya, a Malaysian engineering and construction group, aims to raise up to 245 million ringgit ($58.7 million) by issuing sukuk Islamic bonds. It will use the proceeds to finance the construction of 49 MW of solar capacity in northern Peninsular Malaysia.

JA Solar posts $6.3 million net profit in Q3

JA Solar has recorded a net profit of CNY 41.9 million ($6.3 million) in the third quarter of 2017, down nearly 5% year on year, as revenue slid 27.1% from the preceding quarter to CNY 4.3 billion.

Brazil sets ceiling price of $100/MWh for PV in power auction to be held in December

Solar will have the same ceiling price as thermoelectric and biomass power projects, while wind and hydro will have a maximum price of $83/MWh and $85/MWh, respectively.