Markets

AIB: Renewables continue to grow at a rapid pace across Europe

The demand for green electricity in Europe, documented with Guarantee of Origin (GOs) has grown by 5% in 2016, now reaching nearly 370 TWh. Solar and wind are stepping up to challenge large hydro.

Canada: Soventix to develop up to 140 MW across six sites

German-based project developer Soventix is set to develop up to 140 MW of PV in Alberta, Canada. The company is currently planning six projects with capacities ranging from 15 – 45 MW near the cities of Calgary and Edmonton.

Turkey adds 571 MW of solar PV in 2016

Turkey has installed 571 MW of new solar PV capacity in 2016, making it the best year for the country’s solar sector. 2017 is expected to be equally good, while a few worrying signs are on the horizon from 2018 onwards.

AES dives deeper into clean energy with SPower acquisition

The Fortune 200 power company has partnered with a Canadian investment firm to acquire the U.S. utility-scale developer and IPP.

Renova surges on Tokyo trading debut

Shares of the Japanese renewables developer — which has a solar portfolio of 270 MW — jumped ¥675 ($5.98) to an opening-day closing price of ¥1,425 on the Tokyo Stock Exchange’s (TSE) Mothers board.

SolarCity drags down Tesla’s Q4 results

The EV, battery and now solar company fell into the red in Q4 concurrent with the acquisition of SolarCity, as it begins making batteries at its Gigafactory and prepares for Model 3 roll-out.

2

World Bank mandates 500 MW of new solar capacity for Zambia

Zambian government signs agreement for the second tranche of the World Bank’s Scaling Solar program, which will support the construction of up to four solar PV plants in the country.

First Solar goes all in on Series 6

The company took a significant hit in its Q4 results due to restructuring and impairments, as it shuts down lines and orders tools for the transition to its Series 6 modules.

Florida Power & Light races to a solar future

After being part of a coalition that tried to slow third-party solar growth in the Sunshine State as recently as October, the state’s biggest utility announced plans to add eight new solar power plants by early next year.

Saudi Arabia begins tender process for 300 MW PV plant

The Saudi Arabian Ministry of Energy, Industry and Mineral Resources today announced its first request for qualifications under the National Renewable Energy Program (NREP), as the Kingdom looks set to make concrete progress in renewables deployment after several years of stops and starts.