Sunnova raises $300 million debt and equity round
U.S. solar lease and loan provider Sunnova has closed a debt and equity funding round to continue its growth in North American residential market. The $300 million round bring its its total fundraising to $900 million.
Solar and wind will match gas on cost by 2020, finds UK government body
The Committee on Climate Change reports that low carbon energy sources will be as affordable in the U.K. as gas by 2020, provided gas pays its fair share through a carbon price.
Large-scale PV projects show strong performance in early review
A report by Fitch Ratings finds that recently completed large utility-scale solar projects tend to generate more electricity than expected, with low variability in output and high availability.
Off Grid Electric raises US$25 million to provide solar power to homes in Africa
OGE’s C round is the largest venture capital funding round for distributed energy in Africa to date. The company is currently deploying 10,000 home solar systems per month in Tanzania using a leasing model.
Japan: Solar auctions considered as METI mulls changes to renewable incentives
The Ministry of Economy, Trade and Industry discussed this week plans to resolve grid restrictions and effective ways to alter the renewable incentive program to make it more affordable, with auctions thought to be a preferred option.
UK: solar requires 50% less subsidy than Hinkley Point C nuclear plant, STA finds
Analysis timed to coincide with Chinese President Xi Jinping state visit to the U.K. finds solar subsidy costs are just half those required for controversial nuclear plant in order for same power output.
ABB Q3 earnings fall 21% YoY
Swiss-headquartered power and automation company reveals profits fell to $577 million in the third quarter of the year due to slowing demand in China and other emerging markets, company states.
JA Solar completes $70m Malaysian fab
The Chinese solar company has confirmed that production at the facility in Bayan Lepas will begin in the next couple of weeks. Fab is JA Solar’s first outside of China.
Germanys electricity export prices higher than import, reports Fraunhofer ISE
Data disproves claims by critics of the Energiewende that Germany is ‘dumping’ excess power on to neighboring countries, finding instead that its exported energy may earn the country EUR 2 billion in 2015.
Trina connects two-thirds of 300 MW solar plant in Yunnan, China
The vertically integrated solar firm has successfully connected 200 MW of the plant, and hopes to finalize completion on schedule.
