The Hamburg-based solar and wind power plant operator saw its revenue and operating result increase significantly last year, thus exceeding its own forecasts.
Canadian Solar has recorded net income of about $99.6 million for 2017, up sharply from the preceding year, as its full-year PV module shipments jumped by roughly 1.6 GW on the year to 6.8 GW.
The seller of the two PV projects, both to be developed in the state of Minas Gerais, is Chinese-Canadian solar module manufacturer, Canadian Solar. The €95 million transaction enables the Spanish power and gas provider to make its entry into the Brazilian solar market, after it secured its first large-scale PV projects in Spain in last summer’s auction.
The power plant will sell electricity to Iamgold’s Essakane Mine – an off-grid gold mine located 330 kilometers northeast of Burkina Faso‘s capital city, Ouagadougou.
The Norwegian developer’s first solar project in the eastern European country is expected to help the region of Cherkasy reduce its energy shortage.
The research team believes that the new technology may resolve technical problems and drastically reduce the manufacturing cost of the lift-off process in the production of thin film monocrystalline solar cells.
Belgium market update: Once among Europe’s leaders in solar PV deployment, with more than 1 GW of capacity added in its peak year of 2011, Belgium’s market lost momentum following the abrupt closure of generous subsidy programs. In recent years, driven by its residential PV segment, the country has experienced a solar comeback, which became particularly prominent in the year just passed.
Last year, the Chinese polysilicon maker saw robust demand for wafers and polysilicon, paticularly between the second and third quarters. Furthermore, the company said it achieved all its technological upgrade goals, and started construction on its new 20,000 MT polysilicon factory in Xinjiang in December.
Proposed utility-scale projects have begun piling up at the U.S. federal agency, as the end of the 30% Investment Tax Credit (ITC) draws closer.
U.S. based technology company, Natcore has announced two new processes, which it says could dramatically reduce the production costs of its foil cell, which it has been working to commercialize for the past couple of years.
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