Italy installed 84 MW of PV in first quarter 2017
The southern European country added new PV systems totaling 32.6 MW in March. Meanwhile, solar covered around 8.8% of Italy’s electricity demand last month, and 5.8% in the first three months of this year.
Mexico: government of Jalisco commissions 8 MW merchant solar plant
The PV plant is one of the country’s first merchant solar projects after the energy reform was introduced. The project’s required investment was $14 million.
Brazil assesses potential of hybrid solar-wind power plants
The assessment was conducted by Brazil’s energy agency Empresa de Pesquisa Energética (EPE). These projects are expected to be particularly suitable to regions with a low degree of grid integration.
Comtec posts $146 million net loss in 2016
The Chinese integrated solar specialist recorded a 1 billion yuan ($146 million) net loss for the 12 months to the end of December, from a loss of just CNY 434.7 million during the same period a year earlier.
Kyocera supplies modules for 92 MW PV plant in Japan
A joint venture of four Japanese firms invest $315 million for a solar project in the south of the country. The solar park is scheduled to start operation in January 2020, producing 99 MWh annually.
IFC reportedly invests $60 million into Jinko Malaysia
The Chinese PV manufacturing giant’s Malaysian arm has reportedly received a $60 million financing package from the IFC.
Indonesia: new policy scheme and PV projects
Indonesia recently brought in a new renewable energy law that changes the remuneration tariffs for renewable energy projects, including solar PV systems. Furthermore, the country’s state-owned utility recently signed agreements for new photovoltaic capacity.
Mercom Capital: $3.2 billion total corporate funding for solar raised in Q1
Information published by industry analysts Mercom Capital Group shows that a total of $3.2 billion was raised from 60 deals in the first quarter of 2016. This represents a major increase from the previous quarter, when $1.6 billion was raised in 45 deals.
Germany: several Chinese PV manufacturers face legal action for circumventing duties
According to media reports, several Chinese solar module manufacturers will face legal actions for illegal trade of PV products in Germany. For one of these cases, approximately €110 million in tax frauds is reported. The court of Nürnberg-Fürth in southern Germany has already launched prosecutions related to the matter for four persons.
LongiTech buys Guangshuo New Energy for $16.7 million
The Chinese company has purchased the entire equity interest in Gaobeidian Guangshuo New Energy for HK$130 million ($16.7 million). As part of the deal, it will issue 44,820,000 consideration shares at HK$2.9 per share.
