SunPower bets on high efficiency and low concentrating PV
Californian solar company SunPower is building out its manufacturing capacity in both high efficiency cells and modules and in Low Concentrating PV (LCPV) in a split strategy it hopes will deliver the diversity it needs to thrive in shifting electricity markets. SunPower announced plans to construct its Fab 5 for completion in 2017 and that it would break ground on a LCPV fab in the Philippines next year as it delivered its 2015 guidance, at an analyst event today in New York.
Applied Materials results show little sign of recovery in the PV equipment market
Applied Materials has reported another slow quarter in its Energy & Environmental Services division, a sign that recovery in the PV equipment industry is still far off.
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.
