KKR rebrands Gestamp Solar in $500m overhaul
The global investment firm renames Gestamp Solar as X-Elio and pledges to steer half a billion dollars into the acquired company to aid expansion efforts across various solar markets.
IFC program pledges 200 MW solar for Senegal
Senegal become second African country to join the International Finance Corporation’s Scaling Solar program; 200 MW of PV capacity additions scheduled over the next few years.
Germany: SMA teams with grid operator Tenne T to provide real-time solar data
Collaboration marks greater effort of solar industry to work with grids on gaining greater understanding and control of solar’s intermittency; partnership can digitalize electricity supply, SMA says.
Major work begins on Latin Americas largest solar PV project
With installation of mounting structures by STI Norland, construction of the 247 MW-DC El Romero PV plant has advanced. In the middle of next year this is expected to become the largest solar project in Latin America.
SolarCity reports strong Q4 results, resumes focus on growth
The largest U.S. residential solar company installed a record 272 MW during Q4, with a record low cost of US$2.71 per watt. With ITC extension, SolarCity has changed its strategy and will continue to pursue a larger market share.
US Clean Power Plan blocked by Supreme Court
The U.S. Supreme Court has put President Barack Obamas Clean Power Plan on hold until it determines the plans legal merits, expected this summer. Despite the surprise, many are confident the decision wont affect coals continued decline in the States amid a burgeoning renewable industry.
Sunverge picks up $36.5m investment, ARENA participates as backer
The California-based distributed energy storage developer has secured Series C funding from the Australian Renewable Energy Agency and four other public and private investors.
Enel Green Power revenue flat for 2015, EBITDA falls 5.3%
The Italian clean energy developer posts total revenue for 2015 of EUR 3bn, which mirrors 2014 performance; net installed capacity of clean energy reaches 10.5 GW, a 9% increase.
Adani goes for solar Down Under
With its lofty plans to build Australia’s biggest coal project facing delays, the Indian mining group is turning to solar and is looking to partner with international companies in developing clean energy in the states of Queensland and South Australia.
SolarWorlds bifacial modules and home storage solution one step closer to market
The German firm’s Sunmodule Bisun glass-glass module, which uses bifacial cells based on PERC technology, to be presented at forthcoming exhibition in Frankfurt; modular SunPac LiOn battery also to be unveiled.
