China's inverter market on the climb despite revenue contraction, says IHS
An 18% increase in shipments helped swell the Chinese inverter market to 13.3 GW, but revenues dropped 6% on the back of significant price declines, say the analysts.
Hanwha Q Cells reaches 53 MW in UK with latest completion
The 8.1 MW Tower Hill Solar Park in south England has taken the South Korean company’s U.K. PV portfolio to 53 MW. Project completed under ROC grace period.
Renewables outpace nuclear in 2014 European power generation
Last year was said to be a benchmark for renewable energy, with renewables producing more power in Europe than nuclear for the first time. In yet another glittering solar industry report, SolarPower Europe further calculates cumulative solar capacity could reach 540 GW, globally, by 2020, with a record 40 GW installed in 2014. China is set to “frame global growth.”
IRENA roadmap calls for 150 GW of battery storage by 2030
The International Renewable Energy Agency’s Remap 2030 program calls for renewable penetration to reach 45% by 2030, but can only do so if battery storage market enjoys equally prodigious expansion.
Kazakhstan's first large-scale PV plant receives EUR 83.8 million in funding
Kazakhstans first large-scale solar project has received financial backing totaling EUR 83.8 million (around US$93.5 million) from EBRD and CTF. The 50 MW PV plant is scheduled for completion this July. A second project is already in the planning for owner Samruk-Kazyna United Green LLP.
Sungrow to unveil 99% efficiency inverters at Intersolar
The Chinese inverter supplier to release series of high-efficiency string and central inverters at this week’s Intersolar Europe Exhibition in Munich, Germany.
US: Principal Solar to launch IPO, plans 500 MW of PV in Texas
Principal Solar Inc. is set to go public this week on the Nasdaq capital market. It is looking to raise up to US$26 million by selling up to 2.8 million shares. It plans to become the “world’s first distributed solar utility” and has identified targets, including SolarCity and TerraForm Power, which it could either partner with, or acquire. The U.S. solar company will also develop up to 500 MW of PV projects in Texas.
From the Mag: a selection of stories from the June issue
pv magazine’s June edition touches down in Israel to assess the solar mood on the ground, heads to a farm in Germany to inspect a latest technique in LED flashing, and examines how the mining industry is turning to PV in its many hours of need.
JA Solar chief exec in takeover bid
JA Solar Holdings Co Ltd has received a takeover bid from its chief executive officer and chairman for around US$489 million. Shares were up 12% following the news.
South Africa: SunEdison wins solar contracts worth 371 MW, juwi working on 86 MW project
In separate announcements, U.S.-based SunEdison said it has won contracts for solar projects totaling 371 MW, while Germanys juwi has begun construction on an 86 MW PV plant.
