India: Solar to beat coal on cost by 10% in five years, says KPMG
Report by KPMG India finds that the levelized cost of solar power in India will be around 10% cheaper than coal by 2020, with PV penetration rates set to reach around 5.7%.
Cronimet moves towards 15 MW mining projects in South Africa
African independent power producer Cronimet in on track to pick up 15 MW of PV projects to supply mining and industrial operations in South Africa. The projects are being awarded under the South African government’s small REIPPP program and are scheduled to be completed in early 2017.
Trina secures $90m in financing from Wells Fargo and Barclays
The Chinese solar company has signed a $30 million credit line with Barclays Bank and a $60 million revolving loan facility with Wells Fargo to support its U.S. working capital and business operation.
WGL to invest $200m in US distributed solar next year
U.S. energy provider announces pipeline of 150 MW of distributed solar capacity either installed or under construction across the country; eyes wider, $200 million expansion in 2016.
ReneSola Q3 results show downstream shift beginning to bear fruit
Despite third quarter revenues coming in 1.1% below Q3 2014, the $368.2 million generated is a 37.2% increase on Q2 and is, according to the company, a result of its strategic shift to project development.
Strata Solar given green-light for 50 MW solar farm in Mississippi
Developer to collaborate with Mississippi Power to build a 50 MW solar farm in Hattiesburg that will become the largest single solar installation in the state.
Brazil government approves 1.5 GW of new solar and wind power
Contracts granted by the government for the development of 930 MW of solar PV capacity and almost 550 MW of wind farms as part of a $1.7 billion push to upgrade the nations energy system.
LDK president & CEO resigns
LDK has been in financial trouble for years, but has provided little information as to why President & CEO Xingxue Tong is departing.
Apple to become 100% solar-powered in Singapore
Local solar power firm Sunseap to supply all of the tech firm’s electricity needs in the country from next year via a 1.1 MW array and 800 solar rooftop systems installed across Singapore.
Solar activity heats up in Africa
A number of solar plans have been announced across the African continent, including Sterling and Wilsons aim to install 500 MW of PV across the next three years; and a US$100 million investment for renewables deployment in Rwanda and Uganda.
