S.A.G. Solarstrom may have to quit solar
The German solar developer S.A.G. Solarstrom says escalating project development costs may render its business model unviable. The news comes after the company announced a major deal for British projects has fallen through.
New York devotes $30 million to large scale solar funding
Governor Andrew Cuomo has released a $30 million fund for projects up to 200 kW in size. The NYSERDA cash can pay up to half the costs of solar projects.
Ontario predicts future energy mix
The Canadian province says renewables including hydro will provide 46% of its energy needs by 2025. The prediction came as part of Ontario’s updated Long Term Energy Plan, unveiled this week.
Malaysia increases surcharge to fund FIT program
The revised surcharge on renewable electricity will increase from 1% to 1.6% from January 1st, 2014.
Hanwha Q CELLS increases capital by $188.5 million
Strengthening its financial position with an injection of capital, Germany-based Hanwha Q CELLS will expand production capacity and push its global business with power plant solutions and services.
asola to resume module production in Germany
Having undergone a restructuring process following a takeover by Chinese manufacturer STGCON, the Erfurt-based company will resume production next week.
Quercus to fund 254 MW of PV projects for UK
The asset management company will team up with engineering firm Progressum to deliver 21 PV plants in central-southern England in a deal worth an estimated $490 million.
US solar stocks surge on brighter prospects for financing
SolarCity’s innovative bond offering, SunEdison’s consideration of spinning off key assets into yieldcos and SunPower’s geographically diversified portfolio are piquing the interest of market watchers.
Soft costs account for most of PV residential installation costs
A report by the National Renewable Energy Laboratory discovered that non-hardware costs account for up to 64% of the total cost of residential rooftop solar systems.
SunEdison secures $100 million for sale-leaseback fund
Financing partner De Lage Landen has agreed to a further investment in the fund, which SunEdison hopes will create new markets by attracting more customers.
