Bolivia announces a 100 MW solar project
The French Development Agency has awarded US$65.5 million in credit for the first 50 MW phase of the project in Bolivias Oruro Department.
Massachusetts SRECs capped for projects over 25kW
With net metering caps also being hit in utility service areas across the state, the mid-sized to large-scale solar sector is in serious trouble.
Singulus forecasts return to profit in 2017, solar segment to drive sales
Troubled German solar and optical disk production equipment supplier Singulus has issued an outlook for 2016, in which it forecasts slightly negative earnings in 2016 and return to profit in 2017. Solar sales are forecast to account for more than 70% of revenues in 2016.
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.
