G7 leaders to aim for carbon-free economy by end of century
Leaders of G7 countries back global greenhouse gas reductions by between 40-70% by 2050, with full decarbonization of global economy by end of century.
Suntech announces 1 GW poly PERC plans
Chinese manufacturer Suntech has announced its intention to upgrade 1 GW of its module capacity to polycrystalline PERC output by the end of 2015. The resultant 72-cell modules will have a power output of 325 W, an increase of around 10 MW from its non-PERC, four busbar modules.
US: TerraForm Power acquires 48 solar projects from Integrys
SunEdisons yieldco vehicle, TerraForm Power has acquired 23 MW of solar across 48 plants totaling 34 MW from a subsidiary of Integrys Energy Group, Inc. TerraForm will pay US$45 million and assume $10 million in project debt.
The pv magazine weekly news digest
Turbulent times for Hanergy follow turbulent weather for Solar Impulse, but the tumult could not derail solar’s juggernaut, which enjoyed a series of positive news stories this week.
JinkoSolar supplies 33 MW of PV modules to Chile project
JinkoSolar Holding Co., Ltd has supplied 33.67 MW of modules to Rijn Capitals San Pedro solar project in Chiles Atacama desert.
Eu Prosun calls for PV MIP investigation to be extended following solar companies' breach
Canadian Solar, ET Solar and ReneSola are no longer exempt from punitive trade duties, having breached the terms under the minimum price agreement framework, which had negated their tariff exemptions. EU Prosun has said they are “just the tip of the iceberg” and that the investigation must be “immediately” extended.
Yingli pays off some debt, releases Q1 earnings
Yingli Green Energy has today released its eagerly anticipated Q1 2015 earnings. With a net loss of US$58.6 million, the company is not exactly in the black. The results are, nevertheless, far from apocalyptic. It has also managed to pay off $193.5 million in medium terms notes and is confident it can settle another, similar, debt this October.
US: 440 MW of PV approved under Western Solar Plan
Three solar PV projects worth 400 MW have been approved by the Bureau of Land Management (BLM) under its Western Solar Plan. Up to 1,900 construction jobs are expected to be created.
SunPower files lawsuit against SunEdison, former employees for poaching trade secrets
In a U.S. federal lawsuit filed yesterday, June 3, SunPower Corp. has accused SunEdison Inc. of poaching over 20 employees and trade secrets between 2011 and 2014, in order to gain a competitive edge.
Survey: Dubai, Jordan and Saudi Arabia MENA high potential markets
A survey by DNV GL of a range of participants in the MENA region’s solar markets has confirmed that Dubai and Jordan are considered the markets with the greatest short term potential. Looking beyond two years, Saudi Arabia is seen as having the highest potential, despite the slow movement in the market today.
