Powin scores financing from Brookfield for 8.8 MW storage project
Powin Energy has secured non-recourse debt financing from Brookfield Renewable for an 8.8 MW/40.8 MWh storage system it plans to install in the Canadian province of Ontario. It did not disclose the terms of the agreement.
DEWA announces new R&D subsidiary
HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Company (DEWA) announced that the firm has launched a new wholly owned investment subsidiary. It is called Jumeirah Energy International Silicon Valley Company and, as the name entails, is found in the Silicon Valley in California.
Large-scale solar is not ready for the spot market in Portugal
In an interview with pv magazine, President of the Portuguese renewable energy association Apren, António Sá da Costa, has explained why solar and renewable energy power plants selling electricity to the spot market are still unviable in the country, and has urged the government to introduce auctions.
U.S. PV system prices have already increased due to Section 201 (w/ charts)
The latest report by GTM Research puts numbers on the increase in H2 2017 system prices and analyzes the potential damage from a range of scenarios.
AECEA: 50 GW within reach for 2017 installations in China
According to the latest briefing from Asia Europe Clean Energy Consultants (AECEA), China is likely to install more than 50 GW of PV in 2017, a second consecutive record breaking year for the world’s leading market.
Taiwan’s Gintech, Solartech and NSP merger creates new solar entity, UREC
Newly formed United Renewable Energy Co. is the result of the merger between three of Taiwan’s leading solar companies. Move comes at a time of intense competition in the Taiwanese solar space.
Portugal announces new solar plan
The proposal for the new plan is included in the draft state budget law for 2018.
Ukrainian government considering transition from FITs to auctions
The Ukrainian Association of Renewable Energy believes that the transition to an auction scheme may be premature and recommends digressive FITs as a way to reduce burden on consumers.
Sadiq Khan puts forward London Community Energy Fund in a bid to encourage locally created solar energy sources.
With the aim of producing 2 GW of installed capacity by 2050, the Mayor sets out his vision to reduce emissions in London to make it a cleaner space for people to live, and a more energy efficient city in general.
BREAKING: Taiwan solar merger mooted as Gintech, NSP and Solartech to suspend trading on Monday
Three of Taiwan’s largest solar cell and module manufacturers – Gintech, Neo Solar Power and Solartech – will suspend common stock transactions next week, prompting rumors that a merger between the three firms could be on the cards.
