Renewables to drive economic growth in SE Asia — IRENA
The 10 members of the Association of Southeast Asian Nations (ASEAN) are on track to make solar and other renewables account for 23% of the region’s total primary energy supply (TPES) by 2025, but governments will need to create better policy and investment frameworks to make it happen, according to the International Renewable Energy Agency (IRENA).
First Solar sold out well into 2020
The thin film PV maker forecasts its new Series 6 PV module to begin mass production in Ohio in Q2 – with 1GW expected to be manufactured globally in 2018. The company also increased its 2018 guidance.
Canadian Solar announces sale of 24 PV plants to Greencoat Capital LLP
The already operational power plants sold for US$267.7 million comprise 272,000 Canadian Solar modules in total. Canadian Solar is set to provide operations and maintenance services to the plant, which could generate up to 142,000 MW per year for its new owner, based in the U.K.
India: Avaada Power to develop 1.6 GW of solar in Uttar Pradesh
Avaada Power Pvt Ltd has committed US$1.55 billion to develop solar PV projects in the state of Uttar Pradesh in India.
Sonnedix PV portfolio grows 46.7 MW with acquisition of 12 Spanish plants
The 46.7 MW worth of acquisitions will make the firm one of the largest in Spain, with Sonnedix now operating a worldwide capacity of 703 MW.
EDF 2017 financials squeezed as utility accelerates transition from nuclear to renewables
Despite hitting annual sales targets, revenue slips following fall in nuclear and hydropower prices in French utility’s key markets. New Solar Plan forms backdrop of renewable energy transition, company says.
SunPower continues to bleed red ink
Due largely to write downs, the high-efficiency PV maker lost a whopping $750 million during Q4 2017, as it sells off assets.
All metrics point upwards as SolarEdge posts strong 2017 financials
The Israel-headquartered producer of power optimizers and inverters enjoyed a record year in 2017, increasing revenue by 24% to US$607 million and shipping more than 2.5 GW of inverters worldwide.
US government funds $253 million in international solar during 2017
The U.S. government’s Overseas Private Investment Corporation (OPIC) increased clean energy financing in 2017, despite the arrival of the Trump Administration and an ongoing investigation.
Guggenheim: Sale of CAFD, NYLD casts doubt on the yieldco space
A research note by Guggenheim Securities says that the discounted sales of NRG Yield and 8point3 Energy Partners show how difficult it has been for investors to accurately value yieldcos, and undermines confidence.
