The German developer of organic PV materials has raised a sizable amount of funding to finance its manufacturing expansion and worldwide market development.
Following three world record low solar bids received for the Sweihan solar project in Abu Dhabi, pv magazine caught up with Massi Vernaleone, leader of the Phelan Tenaga Consortium, to find out more about the record-breaking tender.
Mortenson Constructions groundbreaking on the first in 11 MW of projects is part of a boom in community solar construction in the state, despite big delays in Xcel Energys interconnection process.
Sunpower and First Solars joint yieldco beat guidance this quarter, while announcing a significant acquisition and $250 million in additional credit.
The South Korean government announced an initiative that provides incentives for utility-scale solar operators to install energy storage units alongside the PV plants, while also outlining plans to invest USD 27 billion in renewable energies over the next five years.
The encouraging news that renewables now account for over 30% of global installed power generation capacity was part of a World Energy Council report, which highlighted the success of solar PV and wind energy, and set out recommendations for increased renewable energy penetration.
The large-scale plant will be the biggest project that Indian solar company Rays Power Infra has ever undertaken, and is set to be completed within the first half of 2017.
Further information has arisen from the record breaking solar PV tender that took place in Abu Dhabi yesterday, which saw a bid as low as USD 0.0242 per kWh for a utility-scale project in Sweihan, however, this was not the only record-breaking bid, as three of the six bidders went lower than ever before.
The petition to FERC comes after Montana regulators suspended implementation of PURPA, impacting an estimated 135 MW of late-stage solar projects.
This year’s SPI trade show comes at a time of dynamic growth for the solar industry and an increasing integration of solar into energy management. But not all the news is good.
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