11 MW of canal solar commissioned in India as installations for the year expected to speed up
India’s intriguing canal solar program is well underway, as 11 MW of grid-connected solar PV on canal banks and canal tops has now been commissioned, all the while Mercom Capital research shows that 1,965 MW of a targeted 12,000 MW of solar has been commissioned in the country so far this financial year, leading to expectations of an end of year rush.
IBC Solar completes eight German tender projects
IBC Solar has completed 23.5 MW of projects across eight sites in Germany. The PV power plants were developed under Germany’s large-scale solar tender program and will receive the full FIT awarded under the tender process, as they have been completed within 18 months of having been awarded.
Over 600 MW of solar projects to be announced in Middle East
The announcements are due to be made at the Middle East Solar Industry Association’s (MESIA) Jordan/Palestine Solar Energy Trade Mission next week, although there are scant details available about the projects, which are likely to be undertaken in the host country of Jordan.
Tesla to pick up German engineering company to boost automation
It is not clear at this time if Tesla plans to apply Grohmann Engineerings automation expertise to either the SolarCity PV module factory or the Tesla/Panasonic battery factory.
Vivint Solar raises USD 200 million in tax equity funding
The U.S. distributed solar provider has secured another healthy chunk of finance to go towards the installation of 123 MW of residential solar, as the company continues to steady the ship after the trauma of its failed merger with SunEdison earlier in the year.
Meyer Burger announces recapitalization program, EUR67 million HJT order
Swiss PV technology provider Meyer Burger has announced a recapitalization program that will see the company issue CHF160 million in new shares to ensure the repayment of a CHF130 million bond due in 2017, adjust the conditions of a second CHF100 million bond, proposing a 2018 put option be removed, and increase a borrowing provision on its headquarters from CHF30 million to CHF60 million.
TerraForm Power reveals proposed settlement with SunEdison
TerraForm Power has sent a draft settlement agreement to SunEdison creditors under which claims would be settled, noting that it prefers a collaborative process.
Vivint Solar shows improved profitability but flat growth in Q3
The residential solar installer is still struggling following SunEdisons failed acquisition, but reported record low prices and improved results.
Interview: Huawei ramps up its LatAm presence
Leslie Tan, general manager of the Latin American market for Huawei, discusses the Chinese inverter supplier’s strategy for the region.
Vietnam and Indonesia eyeing 10 GW of solar PV
The two Southeast Asian countries are each hoping to add 5 GW of PV by 2020, in an attempt to meet green energy targets and to stimulate fledging solar markets, with a number of developers already looking with interest in the region.
