Markets & Policy

The cancelation of a major PV project in Asia has forced the German company to lower its earnings forecast. Nevertheless, Phoenix Solar’s free order backlog far exceeds 2014 levels.

Utility-scale grid connected battery storage is set to reach up to 12 GW by 2024, while annual revenues will grow to around US$8.44 billion. The U.S. will be a leader, followed by China, Japan and Germany. Despite an overall positive outlook, there are significant market challenges to overcome. These are the findings of a new report by Frost & Sullivan.

Sunlight Financial LLC has secured US$300 million in capital. It will use the funds to expand its business platform.

Events at the Solar Power International exhibition in California complement a busy week for the U.S. solar industry, while Dubai’s grand plans and Trina’s new business strategy also turns PV heads.

Silicor is planning to build the world’s largest upgraded metallurgical-grade (UMG) polysilicon plant in Iceland, but still must raise more funding before starting construction.

The Swiss engineering giant’s biggest project is Adani Group’s 648 MW PV plant in the southeastern Indian state of Tamil Nadu. Earlier this year ABB became the first company in the country to deliver solar inverters with a cumulative capacity of 2 GW.

Last week, Trina said it will spin off its downstream solar PV project business, most likely under a “growthco,” due to FIT payment and grid connection issues in China. Responding to questions by pv magazine, the company has said, however, it is not ruling out the establishment of a yieldco, if the government steps up.

With the addition of the PV monitoring and data analytics company, Genscape — part of the Daily Mail and General Trust plc conglomerate — will expand its operations into the burgeoning solar sector.

With the addition of the PV monitoring and data analytics company, Genscape — part of the Daily Mail and General Trust plc conglomerate — will expand its operations into the burgeoning solar sector.

The program makes participation in solar energy more accessible, affordable and available to a much broader base of the Texas city’s residential and business setor, according to the companies.