United PV’s generation jumps 25.6% in Q4
The aggregate volume of electricity generated by the Hong Kong-listed group’s solar plants reached 342.8 GWh in the final three months of 2016, up from 254.9 GWh a year earlier.
AES, Mitsubishi tie up on India’s first grid-scale storage array
The U.S. power group and the Japanese industrial giant will jointly supply a 10 MW Advancion energy storage bank to help integrate renewables such as solar into a grid network operated by Tata Power Delhi Distribution (Tata Power-DDL) in New Delhi.
Japan’s Looop signs 40 MW development plan in Kenya
The Tokyo-based PV module supplier has moved forward with the development of its first utility-scale PV plant by signing a memorandum of understanding (MOU) with the authorities in Kitui county, roughly 170 kilometres southeast of Nairobi.
EDF awarded PPA for 111.2 MW U.S. solar plant
The Valentine Solar Project, located in Kern County’s Mojave Desert, is expected to start selling electricity to Southern California Edison in 2019.
Solar Power Europe: “Innovation in business models and financing is key”
A report published this week by EU trade body Solar Power Europe puts emphasis on innovative business models and financing schemes as the key drivers taking solar to the next stage in its development across the continent.
Morocco: 170 MW of solar PV at €0.042/kWh
Masen, Morocco’s public agency for renewable energies, has revealed that Acwa Power will develop 170 MW of solar PV plants in the country at a rate of €0.0422 per kWh.
BNEF: Global solar investment fell 32% in 2016
While much of this decline is due to lower system costs, it was a difficult year for the solar industry despite a 20% growth in installation capacity.
Tata Power and Adani top India’s solar developers, ABB is biggest inverter supplier
Extensive research from Mercom Capital has found that up until the end of 2016 Tata Power was the largest operator of utility-scale solar in India with almost 10% of the market, while Swiss company ABB has the largest market share of the PV inverters in the country, although the Chinese manufacturers are expected to make a surge soon.
Comtec Solar forecasts 2016 loss, signs development deal
The Shanghai-based integrated solar specialist said it expects to record a “substantial” net loss for the year to the end of December.
New Energy Solutions to construct 120 MW of solar PV in Iran
Swiss company New Energy Solutions will begin construction of four solar farms in Iran in March, with a combined capacity of 120 MW, as Iran remains solar’s ultimate unknown quantity.
