Record shipments, lower revenue: Canadian Solar 2016 financials reveal impact of lower module ASPs
The Chinese solar company shipped 5,232 MW in 2016 but saw its revenue fall from $3.47bn in 2015 to $2.85bn last year as the global price squeeze on solar modules hit the firm’s bottom line.
Dominion to build two PV plants totaling 81 MW in South Carolina
The 71 MW project in Jasper County will be joined by a 10 MW project, both of which the power company plans to complete by the end of the year.
German government releases draft regulation for tenants’ solar power supply
The German federal government has unveiled its proposal to support solar power installation for tenants living in rented housing (Mietestrom). The support will be capped at 500 MW total installed capacity per year, and limited to PV systems up to 100 kW.
Solarwatt launches modular storage system
Germany’s Solarwatt has launched a fully-modular battery storage system that it claims will be suitable for installations ranging in scale from small residential up to commercial and industrial installations.
Sweden’s plan to reduce tax for self-consumption by 98% moves forward
The Swedish government is proposing a 98% reduction to the tax on electricity generated by renewable energy power generators over 255 kW. The new rules were submitted to local Parliament and, if approved, would come into force by January 2018 at the latest.
DEWA completes 200 MW phase II of 1 GW Rashid Al Maktoum Solar Park
Construction on phase II of the Mohammed bin Rashid Al Maktoum Solar Park is now finalized. The 200 MW unit of the 1 GW solar park came online a month ahead of schedule. DEWA revealed the plant was built at a cost of 1.2 billion AED ($326.7 million).
SunPower supplies 130 MW of modules in France
The US module manufacturer will supply 130 MW of modules for 25 projects selected in France’s recent tender for PV projects larger in size than 250 kW. Most of the modules will be manufactured at the company’s factory in Toulouse, south-western France.
RMI calls for ‘action’ on Africa’s PV minigrid market
Solar-powered minigrids could account for a greater slice of sub-Saharan Africa’s $740 million off-grid market, but progress is still needed throughout the region in terms of policy, financing and commercial services, the Rocky Mountain Institute (RMI) says in a new report.
Greencoat Solar acquires 73.5 MW UK solar portfolio
The solar arm of investment firm Greencoat Capital has snapped up seven British solar farms with a cumulative installed capacity of 73.5 MWp.
First Solar commissions 250 MW-AC project on Native American land
The Moapa Southern Paiute Solar Project is the first of four planned by First Solar in partnership with tribes in the Las Vegas area.
