NRG on track for "Greenco" launch in Q3 results
The U.S. power company reported a US$50 million loss from its Home Solar division, but a $34 million gain from its yieldco.
Canadian Solar to hold yieldco IPO
Less than three months after expressing reservations about forming a yield vehicle in its Q2 results, Canadian Solar is going to take a yieldco public.
SunEdisons record-setting Andhra Pradesh bid very unexpected
Indian solar market observers have described SunEdisons reported bid of INR4.63/kWh (US$0.0706) for a 500 MW PV power plant project in the southern Indian state of Andhra Pradesh as very unexpected and in the realm of unattractive investments. The bid, while capturing headlines, indicates the levels to which developers will go to capture Indian market share.
SMA claims to have supplied one-third of North American PV capacity
German inverter giant SMA claims it has reached 7.5 GW of installations in North America, concluding that its inverters currently account for one-third of the continents installed PV capacity. SMA has been active in North America since 2001.
UGE completes 1.2 MW of distributed solar in Panama
UGE and OTEPI expect to build a total of 22 solar projects for a hardware and construction material supplier, totaling 4.5 MW. The projects will operate under Panama’s net metering policy.
SolarEdge reports record revenues, healthy profit in Q1 FY 2016 results
The power electronics firm notes that cost reductions have out-paced the fall in selling prices. During the most recent quarter SolarEdge rolled out its HD Wave, which features a novel inverter architecture.
8minutenergy signs PPA for 191 MW PV project in Los Angeles
8minutenergy Renewables, LLC has signed a PPA with the Southern California Public Power Authority (SCPPA) for its 191 MW dc solar PV project, which is slated for completion in California, the U.S. in Q4 2016.
Australia: Huge response to ARENA, CEFC, Queensland big solar tenders
There has been a huge response to the series of tenders being conducted in Australia for large-scale solar projects, with programs conducted by the Australian Renewable Energy Agency, the Clean Energy Finance Corporation, Ergon Energy and the Queensland government inundated with proposals.
Lawsuit threatens SolarWorld liquidity
The ongoing lawsuit over polysilicon agreements between a SolarWorld subsidiary and Hemlock Semiconductor Corporation is threatening the German solar giants liquidity. The company was dealt a blow last week, when a motion to reconsider a decision on antitrust defenses was denied by a U.S. court. After shares tumbled yesterday, it issued a statement saying the decision is not a final ruling on the case. It has, however, previously acknowledged that if it must repay the US$676 million, its existence could be “threatened.”
Recurrent Energy secures financing for 60 MW Californian PV project
Recurrent Energy has secured financing for a 60 MW solar PV project currently under construction in California. Commercial operation is scheduled for Q3 2016.
