Markets & Policy

Backed by £84.6 million in financing from Germany’s Bayerische Landesbank, the companies closed financing for projects across the U.K. with the capacity to power 30,000 homes a year. EDF Energy entered signed a 15-year PPA for the generated energy. SunEdison’s total interconnected capacity in Britain has reached 375 MW in just one year.

The California company’s fourth-quarter bottom line was affected by module shipment delays caused by a labor dispute that slowed operations at West Coast ports last year. The company reports good progress in executing its new strategy of licensing its frame technology to top tier solar manufacturers.

Offering to be rolled out in regions ravaged by drought, bundling NRG Home’s solar system with the Rachio Iro water controller, which is designed to help homeowners preserve water.

New installation completed in the first quarter of 2015 accounted for 5.05 GW. Eight provinces currently boast a cumulative PV capacity of more than 1 GW.

A report from Stanford Graduate School of Business has called for the solar Investment Tax Credit (ITC) to be phased down, to see it reduced gradually to 2024. SEIA has rejected the report saying that it fails to take into account of the 100-year history of preferential tax treatment enjoyed by fossil fuels.

In addition to its significant investment in Ningxia province, CMIP New Energy plans to invest more than $30 billlion in solar projects across the country in the next five years.

The project, which is receiving extensive support from the local government and backing from national, provincial and municipal funding, marks Hanergy’s first GaAs R&D project in China since acquiring U.S. company Alta Devices.

The installation, which will save Houghton College up to $4.3 million during the 25-year PPA contract period, will generate an estimated 3.15 million kilowatt hours of electricity in its first year of operation.

The project, secured under a development deal with parent group Total and South African Mulilo Solar Enterprises, is expected to be fully operational next year.

The agreement will supply NextEra’s solar investments in the United States and make the South Korean panel maker the market share leader among global manufacturers in the U.S. and Japan — two of the three world’s largest solar markets.