Canadian Solar ups Q3 revenue and profit guidance
Upwards revision sees the Chinese-headquartered solar firm beat guidance for the third quarter of the year on the back of higher-than-expected demand. Company also settled LDK arbitration dispute.
Finca to provide solar microfinance for 300,000 African households annually through 2019
Microfinance provider Finca International has announced plans to finance off-grid solar systems to light up the lives of 1.5 million people in Africa. The deal was announced at a White House Forum on off-grid energy yesterday.
The pv magazine weekly news digest
Britain’s solar industry reacts to the fallout from the nuclear deal, Chile spices up its solar pipeline, Germany sets a new PV record and China continues to flex its solar muscle.
Tate's rooftop PV shines, U.K.'s solar outlook darkens
Iconic London gallery goes solar as it unveils its new rooftop PV system; presentations on uncertain future of U.K. solar industry held during ceremony.
New York State quietly lifts the cap on net metering
Without publicity, New York regulators have suspended the existing cap on the state’s net metering program, until such time as a new valuation is concluded under the REV process.
Half of all Australian households could adopt solar by 2018, finds the Climate Council
Australia could become world-leader in solar+storage deployment for the home by 2018, report finds, as affordable battery technology pours into the market, swelling solar uptake in the process.
Sunnova raises $300 million debt and equity round
U.S. solar lease and loan provider Sunnova has closed a debt and equity funding round to continue its growth in North American residential market. The $300 million round bring its its total fundraising to $900 million.
Large-scale PV projects show strong performance in early review
A report by Fitch Ratings finds that recently completed large utility-scale solar projects tend to generate more electricity than expected, with low variability in output and high availability.
Off Grid Electric raises US$25 million to provide solar power to homes in Africa
OGE’s C round is the largest venture capital funding round for distributed energy in Africa to date. The company is currently deploying 10,000 home solar systems per month in Tanzania using a leasing model.
ABB Q3 earnings fall 21% YoY
Swiss-headquartered power and automation company reveals profits fell to $577 million in the third quarter of the year due to slowing demand in China and other emerging markets, company states.
