Jordan’s second PV tender leads to record low tariffs
Jordan’s Ministry of Energy and Mineral Resources has chosen the winners of its second tender round. Overall, four 50 MW PV plants have been selected at record low tariffs, serving to highlight increased efficiencies, falling equipment costs and grid parity advances in the PV industry.
Yingli Green Energy reveals hefty debt burden, may have to liquidate assets
The leading solar manufacturer issues SEC filing in which it raises specter of inability to meet its outstanding obligations, which currently stand at more than $1.6bn.
Analysis: Bond default by state-owned firm may explain Yingli's woes
A bond default by Baoding Tianwei Baobian Electric Co. (Tianwei Baobian) last month may point to one of the reasons behind Yingli’s rapidly deteriorating outlook. A transaction dating back to 2007 shows that Yingli Green Energy had loaned RMB1,750,840,000 (US$282 million) to Tianwei Baobian, with the latter company now looking unlikely to repay the debt.
Interview: Fundamentals for Yingli good, must address debt
Yinglis SEC filing on late Friday that its substantial indebtedness is threatening its financial position surprised few, but its candor certainly augurs badly for the solar giant. GTM Research’s Jade Jones spoke to pv magazine about how Yinglis strategy execution has been strong, however its debt needs to be urgently addressed.
The pv magazine weekly news digest
This week Russia unveiled plans to sell troubled PV projects in Crimea, China National Chemical Corp. finalized its acquisition of REC Solar and utility giant E.ON announced its partnership with Sungevity in Germany.
IHS: Chinese inverter prices declining as competition heats up
Inverter prices are falling in China amidst greater consolidation. Domestic manufacturers are also expanding oversees despite the continuing boom in the country.
Azure Power commissions 100 MW plant in India
The installation is the largest capacity project under the country’s Jawaharlal Nehru National Solar Mission. Azure is now the single largest owner and operator of projects under the National Solar Mission with a cumulative operational capacity of 142 MW.
SolarWorld narrows loss, increases sales in first quarter
The U.S. remains a prime market for the German company, which increased shipments in the country by 170% to 116 MW. The U.S. now accounts for 57% of SolarWorld’s module and kit shipments.
DTE Energy partners with Ford Motor, Domino's Farms to boost solar in Michigan
The latest PV projects solidifies the Detroit-based energy company’s position as the state’s largest investor in solar.
Tesla Powerwall battery coming to Germany in Q4
The announcement of a new and low-priced home battery from U.S. manufacturer Tesla is has generated quite a buzz in Germany, although many questions have remained unanswered — until now. pv magazine speaks to Tesla about its latest offering.
