SolarCity expands into Mexico with $15m purchase of Ilioss
Acquisition marks first time the U.S. solar company has expanded internationally, sees Mexican market as exciting and ideal location for extension of its financing model.
Germany: Record PV and wind grid feed-in for July
According to Fraunhofer ISE’s data, the amount of PV and wind generated electricity fed into the grid hit a record high in July in Germany. The PV power generated also matched up to nuclear. Another first.
REC sees potential in APAC region
Renewable Energy Corporation (REC) released its second quarter results for 2015, highlighting a 12% increase in module revenues and an increased solar footprint in the APAC region.
Wacker Chemie releases Q2 results
Wacker Chemie has released its earnings for Q2 2015 reporting both a YoY and QoQ sales growth from April through June 2015. Contracts were however terminated with customers from the solar sector.
US Clean Power Plan good for utility-scale solar, ignores distributed
The EPAs highly anticipated Clean Power Plan was unveiled yesterday. Utility-scale solar and wind have been handed a leading role in carbon reduction; distributed solar has not been included, and storage is seen as non-essential. Deutsche Bank says the increased support could suggest a potential ITC extension. Under the new rules, states have until 2018 to submit their final plans.
Smart energy reform proposed by PG&E
PG&E (Pacific Gas and Electric Company) has submitted a proposal to the California Public Utilities Commission (CPUC) proposing new rules allowing for a smart energy reform.
Latin America records biggest utility-solar quarter
Latin America saw 363 MW of utility-scale solar PV come online in Q2, representing an 80% YOY increase, writes GTM Research. Overall, the region has a solar pipeline totaling 34 GW, with 981 MW entering construction in Q2.
New technologies will push costs down, says Lux Research
In its latest “Silicon solar cell and module roadmap” report, Lux Research says that emerging technologies like PERC and bifacial cells will aid in pushing down module costs in 2020.
NRG Energy narrows loss in Q2, revises residential outlook down
NRG Energy has recorded a relatively successful Q2 2015, with a marked improvement seen in its net losses. The U.S. energy giant has revised its residential solar market outlook down, due to increased market positioning expenses, but says it is nonetheless among the top 4 players.
TerraForm Global raises $675 million in IPO
In its IPO, launched on July 31, SunEdison Inc.s yieldco, TerraForm Global Inc. raised US$675 million through the sale of 45 million Class A shares on the NASDAQ stock exchange, priced at $15 each. An additional 6.75 million shares were also on offer.
