The new $185 million PV installation will be the first of its kind in the southern African nation, generating clean power at $0.12 per kWh.
Inaugural federal auction held by the Bureau of Land Management (BLM), arranged in response to growing private sector interest in solar development, receives no bids.
The debt-saddled manufacturer has negotiated another 30-day period in which it will pay no interest on its loans as the company explores financing options.
Project designed to cut rooftop PV installation times from 30 days to one, reduce costs by 25% and streamline permit and zoning process.
The latest financing concept for the stricken PV supplier sees Centrosolar AG and Centrosolar Sonnenstromfabrik GmbH lose creditor protection as the group attempts to stay afloat.
Sources close to Shunfeng’s planned acquisition of Wuxi Suntech speculate it could cost CNY5 billion-6 billion. Shunfeng has suspended trading in its shares pending an announcement on the deal.
The panels, for three ground mounted projects in Gansu, Hebei and Baoding, will be delivered before the end of 2013.
The 50-acre project will become the largest PV installation on the island of O’ahu, offsetting an estimated 1.8 million gallons of oil consumption.
The solar developer’s third-quarter update paints a healthy pciture. Staffing costs at GCL Poly have almost halved this year.
With 202 MW currently installed, the state has set a target of 1,200 MW of solar power generation capacity by June 2015.
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