Markets & Policy

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.

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.

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.

The UK-based wafer maker will keep its German wafering operations going while it continues to mull future plans.

The shareholders are asking for a court order to protect assets, claiming that SunEdison is near bankruptcy and is trying to hide assets.?

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.

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.

The U.S. Supreme Court has put President Barack Obama’s Clean Power Plan on hold until it determines the plan’s legal merits, expected this summer. Despite the surprise, many are confident the decision won’t affect coal’s continued decline in the States amid a burgeoning renewable industry.

Japanese finance and leasing company, Orix has said it aims to invest around US$872 million in installing 550 MW of solar in Japan in the next two years. This would take its cumulative capacity to 900 MW, thus achieving targets outlined in 2014.

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.