JinkoSolar US signs $20 million credit deal with Wells Fargo
The agreement strengthens the company’s financial position not only in the U.S. but globally as well, according to CFO Charlie Cao.
Yingli powers Bolivia's first solar power plant
The new solar power system incorporates both battery storage and diesel generation to ensure continuous access to electricity. It is expected to generate 7,500 megawatt hours of power annually, meeting approximately 50% of regional demand.
Residential storage market to increase to 900 MW by 2018
IHS analysis released today forecasts the grid-tied residential storage market to increase from 90 MW to 900 MW over the next four years. The startling tenfold market expansion is primarily due to the increasing attractiveness of PV for self-consumption. Subsidies will also play a role, IHS concludes.
US, China vow to cut CO2 emissions, promote trade in green energy technologies
The countries intend to better promote trade in green goods and clean energy technologies, a goal that is sure to benefit from a planned U.S. trade mission to China in April led by U.S. Energy Secretary Ernest Moniz and Commerce Secretary Penny Pritzker.
ACME to develop 110 MW of solar in India
The leading Indian solar company is investing nearly $150 million in new projects in the states of Telangana and Chhattisgarh.
Canadian Solar posts record third-quarter results
The company is on-track to deliver the best year in its history in terms of revenue, profitability and megawatt shipment, according to Chairman and CEO Shawn Qu.
Spain to link Mallorca, Ibiza
Spanish electricity grid operator Red Eléctrica de España (REE) announced on Wednesday the construction of a 126-kilometer long cable interconnecting the Balearic Islands of Mallorca and Ibiza. The project can potentially benefit PV, which now lags behind in the sun-washed islands of the Mediterranean Sea, but this will require time.
Largest African PV plant begins operation
Among the South African project’s investors are Google and SolarReserve, which also developed the 96 MW plant as part of an international consortium. The plant will generate enough power to supply 80,000 homes.
IEA: Share of solar, wind in the global power mix to increase fourfold by 2040
The International Energy Agency has released this year’s World Energy Outlook, which predicts ongoing growth in solar and other renewable energies in both the developed and developing world. However, other experts say the organization’s findings are still overly conservative.
SunEdison to build up to 300 MW of solar PV in the Philippines
The American PV developer’s framework agreement with a Philippine power company is its latest move in Asian PV markets.
