The tiny South Pacific country announces plans to build a 2.2 MW solar plant, with financial assistance from the Asia Development Bank and neighboring New Zealand.
Poor but unsurprising financial results published today reveal a 55% contraction in annual revenue, which fell to just EUR 124.9 million ($172.6 million).
The tech giant pledges $100 million to SunPower’s solar lease program, further augmenting its involvement in residential rooftop solar across the U.S.
Insolvent and bedeviled by debt, administrators warn the Konstanz-based subsidiary of LDK Solar that the offer is not sufficient to satisfy shareholder demands.
The Canadian firm is to build 33 MW of facilities in the province as part of an ongoing relationship with Deutsche Bank.
The solar facility is located in Kern County and was commissioned by local utility Southern Company via its subsidiary Southern Power, and Turner Renewable Energy.
The Chinese company says it expects some 50% of the projects selected in the recent rounds of public tenders to use locally made modules powered by cells supplied by Yingli.
Solar accounted for more than 50% of new capacity installed between January and March. The number of new grid-connected plants reached 47 in the period, down from 66 a year ago.
The project is the latest in a slew of projects boosting business for the Ontario-based company.
Massive rise in small-scale solar in Japan and the U.S. helps push renewable energy investment towards strong first quarter.
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