Texas utility secures rock-bottom price for solar
Under the unprecedented agreement between Austin Energy and SunEdison, the utility will buy solar power for less than $0.05 per kilowatt hour.
Loop Solar targets 3 GW off-grid market
Indian solar lamp supplier Loop Solar says the country’s off-grid solar lighting market will explode over the next five years. The company says the market will grow despite, rather than because of, a federal incentive scheme.
First Solar completes Japanese project
U.S. solar player First Solar has announced completion of a 1.3 MW solar project in Japan. The Arizone company has full ownership of the Kitakyushu-shi scheme.
Japan rebalances its solar market
The nation’s previous overreliance on residential installations has been corrected as the commercial and utility segments have grown more rapidly during the country’s 18-month solar boom.
Centrosolar fails to get quorum for creditors' meeting
The German solar supplier will try again to persuade creditors to back a partial debt-for-equity swap, on April 14. The Munich company plans to continue with just its American subsidiary in future.
Second Chinese company has shares suspended
Trading in panel maker Baoding Tianwei Baobian Electrical’s shares has been suspended after the company reported back-to-back annual losses. A domino effect could be about to kick in in the Chinese solar sector.
$100m renewables fund for sub-Saharan Africa
The African Renewable Energy Fund closed its first round of capital raising with $100 million in the bank. The fund hopes to double the amount available for 5-50 MW schemes within 12 months.
Hanwha, almost, turns a profit
The Chinese ingot, wafer, cell and module manufacturer posted another loss in its latest figures. But the Hanwha CEO is preparing to expand production capacity to meet demand.
Canadian Solar opens microgrid testing center
The new facility at Guelph, Ontario, is part of the company’s Total Solutions downstream business. The testing center was part-funded by the Ontario Ministry of Energy.
SolarCity to sell low-cost PV systems in Best Buy
Entrepreneur Elon Musk’s solar leasing company will roll out a new sales approach at 60 Best Buy stores across the U.S.
