Canadian Solar to hold yieldco IPO
Less than three months after expressing reservations about forming a yield vehicle in its Q2 results, Canadian Solar is going to take a yieldco public.
UGE completes 1.2 MW of distributed solar in Panama
UGE and OTEPI expect to build a total of 22 solar projects for a hardware and construction material supplier, totaling 4.5 MW. The projects will operate under Panama’s net metering policy.
SolarEdge reports record revenues, healthy profit in Q1 FY 2016 results
The power electronics firm notes that cost reductions have out-paced the fall in selling prices. During the most recent quarter SolarEdge rolled out its HD Wave, which features a novel inverter architecture.
Lawsuit threatens SolarWorld liquidity
The ongoing lawsuit over polysilicon agreements between a SolarWorld subsidiary and Hemlock Semiconductor Corporation is threatening the German solar giants liquidity. The company was dealt a blow last week, when a motion to reconsider a decision on antitrust defenses was denied by a U.S. court. After shares tumbled yesterday, it issued a statement saying the decision is not a final ruling on the case. It has, however, previously acknowledged that if it must repay the US$676 million, its existence could be “threatened.”
Germany: Renewables likely to cover 33% of 2015 gross power consumption
According to a new figures, renewable energy is set to cover around 33% of Germanys gross energy demands this year, or 193 billion kWh, up a fifth on 2014. PV and wind are the main contributors.
From the Mag: A selection of stories from the November issue
Trackers, inverters and storage solutions: solar’s worth is measured in more than modules and cells, and this month’s issue tackles the key themes and trends shaping those industries that support solar PV.
EBRD to provide up to $250 million in renewable energy financing in four MENA nations
The European Bank for Reconstruction and Development (EBRD) says the program will support power contracts between developers and private off-takers in Egypt, Jordan, Morocco and Tunisia.
Smart and AC module market to grow nine-fold by 2020
GTM Research predicts that integrated smart and AC modules will not only benefit from growth in the larger module-level power electronics market, but will gain a larger share of that market over the next five years.
NEXTracker hits 100 MW weekly shipments for advanced solar trackers
The California-based solar tracker specialist confirms that its advanced solar trackers are now being shipped in volumes in excess of 100 MW a week globally.
Merkel calls for continuation of MIP
During a state visit to China, German chancellor Angela Merkel has reportedly called for an extension of the EU minimum import prices (MIPs) and import duties imposed on Chinese solar PV manufacturers.
