Trina confirms 2 GW Indian fab plans
Trina Solar has confirmed to pv magazine that it has signed a framework agreement with a partner in Indian to develop a 2 GW solar cell and module manufacturing facility in the country. Details for the plan are yet to be thrashed out.
Toshiba to deliver MW energy storage system to Finland
Landis+Gyr, a member of Japan’s Toshiba Group, will supply Finland with a BESS to be integrated into the Kalasatama district’s smart energy system. The goal is to test new opportunities presented by megawatt-scale storage facilities. Around 2 million is being invested in the storage facility, which should be commissioned next spring.
BNEF: solar likely largest energy investment target 2015 2040
Solar will attract funding of around US$3.7 trillion of over the next 25 years, becoming the largest energy segment in terms of new investment. This is the key finding from Bloomberg New Energy Finance in its New Energy Outlook 2015 (NEO), published today, which estimates solar will generate 14% of the earths electricity by 2040.
Silicor Materials and MT Højgaard to construct 16,000 MT poly plant
U.S. polysilicon process developer Silicor Materials has signed a contract with MT Højgaard to construct a US$226.5 million dollar, 16,000 metric ton solar silicon plant in Iceland.
Oxis to roll out Li-S energy storage batteries next year
Oxis Energy is gearing up to sell its energy storage batteries in 2016. The lithium sulfur (Li-S) battery developer, which unveiled a solar storage technology demonstration project in early June with Proinso, predicts a battery price of $250/kWh in 2020.
Trading begins on 8point3 yieldco
The First Solar, SunPower joint yieldco began trading on June 19, with an initial share price of US$21/share. 20 million Class A shares will be issued, with Goldman Sachs and Citigroup Global Markets acting as lead book running managers for the IPO.
PV exceeds 2020 EU renewable energy target
Solar PV technology has already exceeded its deployment goals under the European Commission’s renewable energy targets. Overall, the EU is on track to meet its 2020 targets, with renewables accounting for a projected 15.3% of overall European energy consumption in 2014.
Solar-Fabrik to discontinue operations
Solar-Fabrik AG will discontinue operations on June 30. Up to 75 of the remaining 90 employees will go to a transfer company.
US: California reaches 10 GW cumulative solar capacity
Leading the U.S. solar charge, California has reached a total solar PV capacity of 10.6 GW. In Q1 2015, the U.S. state installed 718 MW, representing an investment of US$1.7 billion.
JA Solar forms committee to consider takeover bid
JA Solar has formed a special committee, comprised of two company directors, to mull over the US$489 million takeover bid by its chief executive officer and chairman. The move to go private may signal the companys intention to go public in China.
