Iran’s PV market expected to see strong growth over next 12 months
Between 750 MW and 800 MW of renewable energy generation capacity will be installed in Iran in the country’s current calender year. Most of this capacity will come from solar and wind. Meanwhile, the country has reached approximately 22 MW of cumulative installed solar capacity, as of the end of February 2017.
Uzbekistan set to launch 500 MW solar plan
The Government of Uzbekistan announced that five 100 MW solar plants will be installed in the country in the period 2017-2021. Total investments for the plan are expected to reach $1.1 billion.
India: NTPC commissions further 20 MW of solar at Bhadla
The National Thermal Power Corporation (NTPC) has commissioned solar projects aggregating 20 MW at the Bhadla Solar Park in Rajasthan.
Wärtsilä delivers 15 MW hybrid PV plant to Essakane Solar in Burkina Faso
The solar farm will be added and synchronized with an existing oil driven power plant. The hybrid power plant will serve a local gold mine, saving 18,500t CO2 emissions annually.
Tindo Solar, Australia’s only panel manufacturer, sold to SA company with big plans
Australia’s only solar panel manufacturer, Adelaide-based company Tindo Solar, has been bought by a local insulation company turned solar installer, Cool or Cosy, as part of a plans to create the largest solar retailer in Australia.
PV Crystalox posts lower shipments and revenue for 2016, closes UK ingot production
The UK-based polycrystalline wafer manufacturer posted a decrease in shipments and revenue in 2016. Its UK ingot production is expected to be closed this year due to “deteriorated” market conditions.
AC Energy acquires renewable energy development platform
The Philippine conglomerate Ayala Corporation’s energy-focused arm AC Energy Holdings Inc. has taken control of Bronzeoak Clean Energy (BCE) and San Carlos Clean Energy (SCCE).
Q4 contraction does not dampen record 2016 for Hanwha Q Cells
The South Korean solar company posted record revenues and module shipments last year, increasing 34.8% and 55% respectively year-on-year.
Enetronica reports revenue and profit drop for 2016
The Italian solar developer saw its turnover and profits decline slightly last year. The company acquired Italian solar inverter manufacturer Elettronica Santerno in late 2016.
Sri Lanka to extend loans for rooftop solar systems
The island nation’s Ministry of Power and Renewable Energy is set to leapfrog to the next stage of energy supply by expanding its loan scheme for rooftop solar.
