Oman to launch support scheme for small-sized PV
The Middle Eastern country is planning to support the installation of rooftop PV systems ranging in size from 2 kW to 4 kW. The support scheme will not be based on FITs or net metering, but on an “accelerated subsidy adjustment” mechanism.
Kong Sun’s PV generation soars in January-April period
The Chinese solar investment group said that in aggregate, its PV plants generated roughly 374.7 GWh of electricity in the first four months of 2017, up approximately 87.5% year on year.
Good news coming from India’s EPC companies
RaysExperts adds 30 MW to its Rays Solar Park in just 90 days, whereas Rays Infra Power makes it on to IHS Markit’s top 10 EPC companies list, outside U.S. and China.
Midsummer sees profit increase for FY 2016
Financial results for 2016 posted by the Swedish thin film equipment supplier show that revenues almost doubled to SEK 60 million ($6.8 million) for the full year. Midsummer also saw a significant profit increase to SEK 10 million ($1.1 million).
Sky Solar posts $3 million net profit in 2016
Net income hit $3.3 million in the 12 months to the end of December, from a net loss of $1.6 million a year earlier, although the Hong Kong-based PV independent power producer recorded a net loss of $8.7 million in the fourth quarter, from $7.4 million in the final three months of 2015.
Indian solar imports surge, while exports plummet
New data highlight a major discrepancy between India’s solar import and export numbers in the first 11 months of the financial year 2016-17.
US loses allure as China, India become more attractive for RE investments, says Ernst & Young
The Ernst & Young’s RECAI league table sees big movements at the top, as China and India take on the mantle of leaders, while the U.S. drops to third spot.
Lyndon Rive to leave Tesla in June
The SolarCity founder says he is leaving to take time off and start a new venture, as Tesla’s solar sales volume contracts and the company shifts focus to profit and new products instead of growth.
Southern Company puts another 102 MW-AC of solar online in Texas
Southern’s Lamesa Solar Facility is the latest in a boom that is taking place across Texas, with over 1 GW-DC expected to come online this year.
Taiwan confirms plan to reach 20 GW of cumulative solar by 2025
Taiwan’s new solar energy strategy envisages the deployment of less than 200 MW of new PV capacity over the next two years, and the achievement of 6.5 GW of cumulative PV by 2020.
