Markets

JPMorgan subsidiary is among the investors as San Francisco based third party ownership company builds on recent expansion into 11th state. CEO claims company is installing $2m of systems daily.

Cyprus electrifies 10 new solar PV parks totalling 1 MW. Installed PV capacity on the island has reached 25 MW with up to 100 MW more due in the next two years.

One day after the Chilean environmental authorities published a 196 MW project by Avenir Solar Chile, a new project has been published. Valleland Solar seeks to build 60 MW also in Atacama.

A new report by the IEA finds that worldwide renewable power generation will exceed that from gas and be twice that of nuclear by 2016 and make up almost a quarter of the global power mix by 2018. In 2012, global renewable generation already exceeded the total estimated electricity consumption of China.

The Customer-Led Network Revolution (CLNR), the U.K.’s largest smart grid project, is conducting innovative smart grid trials with more than 400 PV customers, who are taking part in an effort organizers hope will help pave the way towards a low carbon Britain.

BYD Europe and Fenecon have signed a contract for 1,000 DESS-series energy storage systems, which the German wholesaler will offer to PV installation companies.

Audi has opened a new 6 MW power-to-gas facility in Germany, making it the first automaker to develop a chain of sustainable energy carriers.

The newly completed 250 MW California Valley Solar Ranch is set to fully go online in October.

The U.S.’ Solar Energy Industries Association (SEIA) and the United Steelworkers (USW) union have welcomed White House’s plans to combat climate change and new energy directives that will create 13 GW of renewable energy projects on federal land by 2025.

Goldpoly New Energy Holding Ltd. has joined the 100 MW club by bringing online two PV projects totaling 110 MW this month in Gansu and Fujian, while Clenergy and CGN are partnering on 118 MW projects in Yunnan.