Chinese developer's $50m warchest
United PV Group will raise funds from a convertible bond issue. Hong Kong-based developer will expand its 682 MW project portfolio.
Clean energy from 'most polluted place in Israel'
Former chemical waste sink has been capped and covered with solar panels. The 37.5 MW Ne’ot Hovav project was Israel’s first large-scale, grid-connected solar project.
Daqo records falling polysilicon costs
Chinese polysilicon and wafer producer Daqo New Energy has announced record-low polysilicon production costs in its Q1 2015 results. Daqo reports US$12.8/kg total and $10.53/kg cash production costs for the quarter. Net margins remains tight, with the company booking $1.2 million in income attributable to shareholders.
Amtech reports growing revenues, high expectations
U.S.-based production equipment supplier Amtech Systems has reported growing revenues and steady bookings, on a quarter-on-quarter basis, adding that its experience at last week’s SNEC provided a number of reasons for optimism. The company reports its order backlog is at the highest level in three years.
The pv magazine weekly news digest
This week it was all Tesla, Tesla, Tesla and, in other news: Tesla. Apparently Elon Musk has released some new product or other…
SolarMax confirms buyer
The insolvent inverter supplier has announced that an investor has purchased the company and that it will begin trading in June, complete with new service and product offerings.
SunEdison to develop further 86 MW of PV in South Africa
SunEdison Inc. has been awarded a contract to develop an 86 MW photovoltaic plant in South Africa’s Northern Cape Province.
Etrion secures PPA for Salvador project amid volatile spot prices; records Q1 net loss
Etrion has secured a power purchase agreement (PPA) for its 70 MW Chilean PV plant. It currently sells the generated electricity on the spot market, however market prices have been “volatile” over the past few months. The company has also reported a net loss for Q1 2015.
Turkey approves a further 302 MW in PV projects
After awarding 228 MW of PV projects in January, Turkey approved a further 302 MW last week, thus paving the way for the first utility-scale solar installations in the country. The key question now concerns the realization of the projects.
From the Mag: a selection of stories from the May issue
pv magazine’s May edition assesses the current solar climate in Indonesia, gets technical at China’s smartest large-scale PV plant, and examines how SolarCity’s new microgrid has already found an enrapt audience.
