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.
LDK president & CEO resigns
LDK has been in financial trouble for years, but has provided little information as to why President & CEO Xingxue Tong is departing.
Apple to become 100% solar-powered in Singapore
Local solar power firm Sunseap to supply all of the tech firm’s electricity needs in the country from next year via a 1.1 MW array and 800 solar rooftop systems installed across Singapore.
Solar activity heats up in Africa
A number of solar plans have been announced across the African continent, including Sterling and Wilsons aim to install 500 MW of PV across the next three years; and a US$100 million investment for renewables deployment in Rwanda and Uganda.
Solargiga, Motech to put 600 MW of new module capacity online in 2016
Citing growing demand, Solargiga plans to double module production through a joint venture with Motech in China.
