The Canadian company has entered into an agreement to sell two of its utility-scale solar power plants, totaling 20 MW, to a fund managed by BlackRock.
The hope for a slight increase in cell and module production brought a ray of hope to the gloomy atmosphere of this year’s EU PVSEC.
A decline in wind projects, easing of international trade tensions and a number of acquisitions and partnerships that continue to enhance the popularity of solar have all factored in a boost for solar company shares.
Cabinet expected to approve Ministry of New and Renewable Energy’s plans to invite bids for 750 MW of solar PV capacity within the next ten days.
The fixed tilt PV plant been built on a disused airfield in east England is expected to be completed in October.
The analysts estimate that 41 GW of solar power will be installed next year, generating global revenues in excess of $86 billion.
The Korean PV manufacturer supplied 8.2 MWp to Lerchenhaid II PV park in Bavaria, which has been financed by the citizens of local city Straubing.
Four senior executives at Californian solar equipment manufacturer Applied Materials are in line for a shares windfall as part of the acquisition of Tokyo Electron. Senior management have been offered retention bonuses to stay on throughout the deal.
The world’s largest oil producer plans to develop its renewable energy sector which currently produces just 0.8% of the country’s power and has hosted its first clean power auction, with 39 ventures securing subsidies.
The EU’s status report on solar says Europe still led the world for installations last year. The report was issued to coincide with the opening of EU PVSEC in Paris on Monday.
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