The combined capacity of 60 MW will be spread over several ground-mounted solar power plants in the U.S. state and Puerto Rico.
Intense price pressure and a rapid decrease in solar inverter shipments has pushed domestic suppliers to the brink, according to analysts.
The plant will be located at the Electromechanical Industrial Park, covering an area of 1.2 million square meters and due to come online within three years.
The 100 MW Grand Renewable Solar Project in Ontario is being developed by Samsung Renewable Energy and is expected to be operational by 2015.
The PV solution and service provider has installed more than 70 MW of PV capacity in Thailand since 2012, and with a pipeline exceeding 100 MW is the market leader in Thailand.
The renewable energy technology company has expanded into solar power project development and construction services.
The German PV manufacturer has applied for a protective shield at a local Hamburg law court in order to protect the company from anticipated creditor demands during a restructuring process.
The Massachusetts, U.S.-based company received the backing in a Series C financing round led by Japan’s Tokuyama Corp. The money will be invested in a plant capable of manufacturing 250 MW of solar cells a year.
Despite enjoying a 7% increase in shipments in 2013, the solar inverter market will contract by 9% as manufacturers are forced to lower their prices as competition increases and demand falls.
The Solar Energy Industries Association (SEIA) in the U.S. publishes its latest Solar Means Business report, finding that the country’s two largest retailers are committed to solar power.
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