Finance

It could be posited with reason that the off-grid solar market is still one that is finding its feet, and still in the period that all new industries go through as it tries to make sense of how it can best serve its market. Innovative financing techniques are emerging as the offgrid market matures, in this the first in a series of articles on innovation in the offgrid space.

The Utah-based company, whose net loss attributable to stockholders per share was $0.35, is expanding downstream operations and expects to install 290 to 310 MW this year.

The Pennsylvania-based energy storage and PV company brings its projects, pipeline and personnel to SunEdison, allowing it to now offer battery storage solutions to complement solar and wind projects worldwide.

The company announced major increases in sales and net profit last year. The recent acquisition of Recurrent Energy, meanwhile, will expand its total project pipeline to 8.5 GW. Some 2.4 GW of late-stage projects represent a revenue opportunity of at least $6 billion over the next two to three years, according to the group.

The Chinese solar giant expects a 20% to 26% increase in module shipments of between 4.4 GW and 4.6 GW this year, including some 750 MW aimed at its own downstream projects.

The Chinese company continued to shift its focus to retail-oriented and commercial customers with bundled services and downstream projects last year.

With its economy improving and energy demand growing, Egypt’s renewable energy sector is attracting increasing attention from local and foreign investors with ambitious plans.

The Chinese manufacturer reports good business in Europe and Asia, thanks to its global manufacturing base and sales network, and strong sequential shipment growth in the second quarter.

Falling oil prices won’t affect PV growth, says CEO Kangping Chen, who points out that “mounting concern over the environment has been one of the driving factors behind increased solar demand in many key markets, China in particular.”

Government approves utility’s proposal, which would see three separate tranches rolled out in 3 GW, 5 GW and 7 GW segments.