Australia’s 125 MW Sun Metals refinery solar farm officially opens
The 125 MW solar PV plant, which will supply the power-intensive zinc refinery near Townsville, is Australia’s largest operational industrial solar project.
EU authorizes Denmark’s scheme for mixed wind-solar auctions
The budget for the first auctions of this kind, for the period 2018-2019, is around €112 million. They are part of Denmark’s new energy strategy, dubbed “Energy for a green Denmark.”
Solar cell prices decline in reaction to safeguard duties, impending MIP decision
“Significant” price movements in solar PV cells has been observed this week, in reaction to India’s safeguard duties, and the impending MIP decision, says EnergyTrend. Module, wafer and polysilicon prices, however, remain stable. In contrast, prices for li-ion batteries are set to increase by as much as 15% in Q3.
PV Crystalox receives €28 million in compensation
The British wafer manufacturer has reached a settlement agreement on unfulfilled long-term wafer supply contracts with a customer. The unnamed manufacturer has to pay €28.8 million to PV Crystalox.
Italian region of Lombardia allocates another €3 million for solar+storage
After earmarking €4 million last year, Italy’s most dynamic and affleunt region is further supporting solar+storage installations through a rebate scheme.
Brazil’s PV capacity tops 1.6 GW
At the end of June 2018, according to official statistics, large-scale solar capacity reached 1,307 MW, while the share of distributed PV generation (up to 5 MW), was 296 MW. Of the total capacity, 1.36 GW was connected to the grid in the last 12 months.
SunPower borrows $110 million to refinance
The PV manufacturer plans to pay off the high-interest ‘mezzanine loan’ with revenue from its residential lease portfolio.
Fluence to partner with PUC for peak-load shaving in Ontario
PUC Distribution contracted Fluence to install energy management and storage systems that would allow business in a city in Ontario to reduce high peak-load charges. It is hoped this will reduce costs and help Canada hit its strict carbon emissions mandate.
Hanwha Q Cells reports lower revenue, swings to loss in Q2
At US$518.4 million, the quarterly turnover of the South Korean-German manufacturer was down 10.3% year-on-year, while its net result swung from a profit of $18.7 million in the second quarter of 2017, to a loss of $41.3 million in the latest quarter. Despite this, the outlook for full fiscal 2018 remains unchanged.
Meyer Burger posts positive earnings for first half of 2018
The solar manufacturing equipment maker has posted an EBIT of US$15 million for the six-month period. It marks a return to profitability for the Swiss company, after major restructuring and cost optimization programs over the past 18 months.
