The Chinese Tier 1 solar company had hoped to finalize the sale of six PV power projects in the fourth quarter of last year, but delays to necessary government approvals mean Q4 revenue is lively to be around $700 million lower than expected.
The solar kits will be installed in rural areas with no connection to the country’s power grid.
The Solar Energy Corporation of India (SECI) has postponed the 2 GW PV project tender until further notice. The company has also extended the deadline for expressions of interest for setting up solar manufacturing plants in India until January 29.
Researchers have developed and designed a new algae-powered fuel cell that is five times more efficient than existing plant and algal models, as well as having the potential of being more cost-effective to produce and more practical to use.
According to provisional figures released by Swissolar, solar demand remained stable in the country last year. Looking ahead, the association expects another 300 MW to be deployed this year.
The projects will be developed without direct public incentives and will sell power to the spot market – an option still considered unviable by the local renewable energy sector – or through private PPAs. Meanwhile, local power provider, Axpo Iberia has agreed to buy electricity from a 28 MW solar facility planned in southern Portugal under a 10-year PPA.
Collaboration between the U.S. energy firm and the German power electronics giant officially licensed on January 1, as details of a massive 100 MW/400 MWh lithium-ion battery storage project in California were announced.
The high-efficiency PV maker plans to expand its annual production capacity to 300 MW by the end of 2018, with expansions in both the United States and South Korea.
The facility, which is located in the region of Coquimbo, will sell power to the Metro of the country’s capital city, Santiago under a long-term PPA.
The solar park was built on an area previously used for logging and which has been unused for several years.
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