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…
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.
Canadian Solar sees Q1 net revenue drop, signs $250m loan agreement
Canadian Solar has seen net revenue slightly decline in the first quarter of 2015 from Q4 2014. Its market outlook is positive, however, with predictions tier 1 PV module demand will outstrip supply during 2015. In other news, the company has signed a $250m loan agreement with a Chinese bank.
SunEdison records big Q1 net loss, announces new energy portfolio acquisition
SunEdison has recorded a Q1 2015 net loss of US$424 million, significantly down on the loss of $288 million seen in Q4 2014. Net sales have also fallen, both Q/Q and Y/Y. The company has further announced the acquisition of five new RE portfolios and two corporate platforms.
Court rejects Solar-Fabrik's self-administration insolvency plans
A court in Freiburg has rejected Solar-Fabrik’s attempts at self-administration insolvency, due to high costs. The news comes on the back of product warnings issued by the company.
Costa Rican regulator proposes solar FIT
The Central American country’s public services authority says the proposed rates of up to $0.1794 per kilowatt hour would allow PV developers to receive sufficient revenue to recover investment and a “reasonable return.”
Shared solar set to explode
Shared solar for homes and businesses could represent as much as 49% of the U.S. distributed PV market by 2020 and reach up to 11 GW in the period, according to a new report by the National Renewable Energy Laboratory (NREL).
Foresight increases asset value in Q1, eyes more UK solar investments
The U.K. company has refinanced and extended its revolving acquisition facility from £100 million to £120 million in order to back future project acquisitions. All of the 10 solar installations in its 233 MW portfolio are fully operational and secured ROC accreditation ahead of the March 31 deadline.
SolarWorld posts Q1 net loss despite revenue increase
The German-U.S. PV manufacturer continued making net losses for the fourth quarter in a row but managed to increase shipments by 44% to 202 MW as sales rose 50% due in large part to the dynamic U.S. market.
German official: Bids for ground-mounted installations at 9-10 eurocents
Speaking at an event hosted by the German Engineering Association, Rainer Baake , state secretary at the Federal Ministry for Economic Affairs and Energy, confirmed for the first time the prices for the new pilot tenders for ground-mounted systems. Describing the transition to a tender system as a success, Baake said the time era of the feed-in tariff was over.
