Iberdrola abandons race to acquire X-Elio
With the Spanish utility out of the game, there are now only three bidders still struggling to take over the PV project developer.
Sky Holdings founder to pay $14m in arbitration
After allegedly stripping his company of assets to launch another business and failing to pay under the terms of an earlier settlement, Weili Su has been ordered to shell out nearly $14 million to three former Sky Holdings executives.
Australian government unveils $35.7m pot to power remote communities
Australia’s Coalition government has announced funding to support up to 50 off-grid and fringe-of-grid feasibility studies that will investigate whether building a microgrid is cost-effective and whether existing off-grid capabilities can be upgraded with more up-to-date technology.
Phono Solar: Module factories in the US and South America on the horizon
pv magazine recently caught up with Aaron Wu, executive vice president of Phono Solar Technology, the Nanjing-based PV manufacturer. Phono Solar is a bankable supplier, having achieved top tier status in 2014 and being part of SUMEC Group Corp., a diversified industrial group with over RMB 80 billion ($11.87 billion) in turnover in 2018.
A roadmap for cross-border solar in the EU
Researchers at the EU Joint Research Centre have suggested a series of actions that could be implemented to turn solar power exports between European countries into a real plan.
EnBW set to acquire French wind and solar developer Valeco
The financial terms of the plan were not revealed. Valeco currently owns and operates 332 MW of renewable energy assets in France.
SMA posts €175 million loss for 2018
The German inverter producer’s sales also fell significantly in the past financial year. With its cost reduction program, SMA is now eager to orchestrate a turnaround, but its first-quarter guidance still shows a sustained downward trend.
Brazil’s PV capacity exceeds 2.5 GW
With around 2,056 MW of operational installed capacity from large-scale PV and more than 500 MW of installed distributed-generation capacity, Brazil has now surpassed Chile to become Latin America’s second-largest solar market after Mexico. According to new statistics released by Brazilian industry association ABSOLAR, utility-scale solar currently accounts for around 1.2% of the country’s total generating capacity.
Big batteries are coming to California
Macquarie has closed on funding for a third portion of a 340 MWh project in Southern California, and LADWP is planning 1.8 GW of batteries.
New record low solar power price? 2.175¢/kWh in Idaho
Idaho Power has agreed to pay $21.75/MWh for 120 MW of solar power in a 20-year power purchase agreement with Jackpot Holdings. The solar facility will offset a soon-to-close coal plant in Nevada starting in 2022.
