REC stands firm over restructuring proposal
The Norwegian solar company reiterates its plan to split in two by hiving off its polysilicon business after Citigroup downgraded its rating and predicted this week’s move by China would make the plan untenable to bondholders.
Canadian Solar fits 30 MW of rooftops in Suzhou
The Chinese manufacturer installed its panels across 129 buildings in the city as part of the Chinese government’s Golden Sun plan to drive distributed generation in the country.
Hanwha Q Cells lands 60 MW Japanese order
Korean manufacturer Hanwha Q Cells will ship 60 MW of its Q.PRO G3 modules, part of its new G3 product range, for three solar schemes in Japan. Sumitomo Corp and NTT facilities are partners on the deal.
SEPA offers primer on net energy metering
Industry trade group SEPA examines the politics and practicality of net energy metering and finds that utilities are increasingly interested distributed generation agreements and helping to maximize the value of solar.
EC greenlights ABB acquisition of Power-One
The European Commission has paved the way for ABB’s increasing global prominence as a leading inverter supplier after okaying its takeover of U.S. inverter manufacturer Power-One, noting that the $1 billion deal did not raise competition concerns.
First Solar, PNM partner on planned 23 MW New Mexico plants
Public Service Company of New Mexico and First Solar are planning to build three new PV plants in New Mexico, part of the former’s 2014 solar portfolio totaling 67 MW in the state.
MP-Tec opens shop in Ghana
Germany’s MP-Tec is partnering with local investors on a joint venture in Ghana. Political stability, a strong middle class and high electricity prices make the West African nation an attractive market.
Hanergy swallows Global Solar
After acquiring Germany’s Solibro and Silicon Valley’s MiaSolé, Hanergy has taken over Arizona-based Global Solar, solidifying its position as a global leader in the thin film sector.
Arizona leads US in per capita solar
Solar generation is on the rise in the U.S. and Arizona has become the leading state in terms of solar capacity per capita, but it now appears to be reversing course.
Tata Power to develop 28.8 MW solar project in Maharashtra, India
Indian utility Tata Power is boosting its solar activities with a new 28.8 MW project in the state of Maharashtra. Its 25 MW plant in neighboring Gujarat has just surpassed 43 GWh.
