Vivint Solar achieves modest Q3 profit
The U.S. residential solar installer’s profit of $468,000 represents a solid turnaround on Q3 2014, with installations and bookings up 25% and 15% respectively.
India: Solar to beat coal on cost by 10% in five years, says KPMG
Report by KPMG India finds that the levelized cost of solar power in India will be around 10% cheaper than coal by 2020, with PV penetration rates set to reach around 5.7%.
Cronimet moves towards 15 MW mining projects in South Africa
African independent power producer Cronimet in on track to pick up 15 MW of PV projects to supply mining and industrial operations in South Africa. The projects are being awarded under the South African government’s small REIPPP program and are scheduled to be completed in early 2017.
Trina secures $90m in financing from Wells Fargo and Barclays
The Chinese solar company has signed a $30 million credit line with Barclays Bank and a $60 million revolving loan facility with Wells Fargo to support its U.S. working capital and business operation.
Deutsche Bank positive on First Solar pipeline post ITC stepdown
Deutsche Bank has expressed cautious optimism for First Solar’s ability to develop projects in the United States after the scheduled Investment Tax Credit (ITC) step down. In an investor note published yesterday, Deutsche said that Power Purchase Agreements being signed by First Solar at present in the mid US$40/MWh to upper $50/MWh would still be feasible for the company even with an ITC at 10%.
WGL to invest $200m in US distributed solar next year
U.S. energy provider announces pipeline of 150 MW of distributed solar capacity either installed or under construction across the country; eyes wider, $200 million expansion in 2016.
ReneSola Q3 results show downstream shift beginning to bear fruit
Despite third quarter revenues coming in 1.1% below Q3 2014, the $368.2 million generated is a 37.2% increase on Q2 and is, according to the company, a result of its strategic shift to project development.
Strata Solar given green-light for 50 MW solar farm in Mississippi
Developer to collaborate with Mississippi Power to build a 50 MW solar farm in Hattiesburg that will become the largest single solar installation in the state.
Project delays force Meyer Burger 2015 earnings revision
Despite recording new order increases, Meyer Burger Technology Ltd has been forced to revise its revenues downwards following further delays in customer projects. An overall EBITDA loss is also expected.
Brazil government approves 1.5 GW of new solar and wind power
Contracts granted by the government for the development of 930 MW of solar PV capacity and almost 550 MW of wind farms as part of a $1.7 billion push to upgrade the nations energy system.
