The Italian developer plans to build 254 MW of solar PV in the state of Bahia, which will require a $400 million investment.
Brazil has awarded power contracts to 31 PV projects in its first federal auction specifically for solar. However, the low average clearing bid price of $0.87 per kilowatt hour leaves questions about how many of these projects will be built, and when.
The Chinese company’s new Product Development Group will comprise seven units aimed at expanding its thin-film business operations around the globe.
The company’s solar power portfolio has reached 422.5 MW following the additional projects from the state’s request for proposals ACME is now on course to generate 1 GW by 2017.
State-owned Swedish energy giant Vattenfall will in the future concentrate on renewable energy. President and CEO Magnus Hall has announced that the company is considering a “new ownership structure” for its lignite division.
The California-based company is expanding its reach in China with a second joint venture. It’s partnering with TZS, Sichuan Development, Leshan Electric Power and Tianjin Tsinlien; Plans to Utilize Leading LCPV Technology
Energy storage garnered the spotlight at SPI in Las Vegas while in the U.S., renewables continued to account for new capacity. In the Middle East, Saudis are looking increasingly at solar as the key to their future while Israel is testing its local industry with ever lower FITs. And SunEdison continued its global project hot streak. Without further ado, here is pv magazine’s week in review.
While government cuts slashed the internal rate of return for Greek PV plants, they still remain significantly higher than in other European countries and offer foreign investors a potentially attractive investment as Greece’s economy slowly recovers.
Conergy has erected and connected a 37 MW PV installation near British Prime Minister David Cameron’s parliamentary constituency of West Oxforshire for a limited 24-year period.
JinkoSolar has signed more than 160 MW of contracts in Chile this year, making it one of the leading suppliers in the country.
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