Swinerton Renewables has begun work on the massive Springbok 2 Solar Farm, which holds a contract to sell power to Los Angeles’ municipal utility.
The first phase of the new plant will make multicrystalline silicon ingots and wafers, and the second phase n-type mono for MegaCell’s bi-facial cells.
SunPower plans to use proceeds for a variety of purposes, including funding potential acquisitions of complementary businesses.
The company says the minimum import price does not reflect current market trends, which show average selling prices in major markets continuing to decline at a faster than expected rate. Trina will now supply EU markets through its overseas manufacturing facilities.
The bank will provide US$88 million in loans to build the project, which could be the first large utility-scale solar plant in El Salvador.
A proposal by U.K. tax regulator HMRC to increase value-added tax on solar panels from 5% to 20% has been challenged by the Solar Trade Association and other campaigners who are urging the government to halt the rise.
The law has established a program for Clean Energy Certificates and favors distributed generation. The goal of 35% clean energy by 2024 has been re-established, and businesses will have a 50% requirement by 2020. The bill is pending ratification in the Senate.
The Dubai Electricity and Water Authority has released its 800 MW, Phase III solar PV tender, and has received submissions from JinkoSolar, REC Solar, SunEdison and other leading international developers.
Chinese module manufacturer wins $179 million contract to supply 100 MW of solar panels to one of the first three large-scale PV plants in Zimbabwe.
The new deal saves cash for SunEdison, and also allows Vivint to look for other offers and lifts a January deadline to close the deal.
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