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.
Germany: Renewables likely to cover 33% of 2015 gross power consumption
According to a new figures, renewable energy is set to cover around 33% of Germanys gross energy demands this year, or 193 billion kWh, up a fifth on 2014. PV and wind are the main contributors.
United PV acquires 100 MW PV plant in China
United Photovoltaics Group Limited has acquired a 100 MW solar PV project from Hubei Jingtai Photovoltaics Power Company Limited for around US$134 million. Following the acquisition, Hubei Jingtai became a fully-owned subsidiary of United PV.
From the Mag: A selection of stories from the November issue
Trackers, inverters and storage solutions: solar’s worth is measured in more than modules and cells, and this month’s issue tackles the key themes and trends shaping those industries that support solar PV.
EBRD to provide up to $250 million in renewable energy financing in four MENA nations
The European Bank for Reconstruction and Development (EBRD) says the program will support power contracts between developers and private off-takers in Egypt, Jordan, Morocco and Tunisia.
