Grid Alternatives secures $2 million for Colorado expansion
U.S.-based non-profit solar company, Grid Alternatives has secured US$2 million from Wells Fargo for its expansion into Colorado.
Isofotón signs PPA for 50 MW PV plant in Dominican Republic
Following the signing of a PPA between Spain-based Isofotón and the Dominican Republic government, work can finally proceed on the company’s 50 MW photovoltaic plant.
BIPV to add 4.6 GW of new capacity by 2017
Between 2011 and 2017, the building integrated photovoltaics (BIPV) market is forecast to add 4.6 GW of new capacity, thus making it one of the fastest growing solar industry segments.
PV to lead rapid increase in decentralized power generation over next 5 years
Quickly becoming the new industry buzzword, distributed power generation, led by photovoltaics, is set to “rapidly” expand over the next five years to reach an annual installation rate of 63.5 GW by 2017.
Hanwha SolarOne unveils 1 GW North American PV pipeline
Koreas Hanwha SolarOne Co. Ltd is continuing with its downstream expansion strategy. Amid rumors the Hanwha Group is gearing up to take over Germany-based Q.Cells, the company has launched Hanwha SolarEnergy America (HSEA) in North America.
China: Utility-dominant PV landscape changing
According to the latest research, the Chinese photovoltaics industry is shifting to a more decentralized model, following a “sharp” increase in non-residential building-mount applications, and a rise in non-utility commercial projects. Furthermore, it is believed the market is becoming more open to overseas companies.
US to fast track 1.5 GW of solar projects
Under President Obamas “We cant wait initiative”, the federal permit and review processes are to be accelerated for seven solar and wind projects. Of these, five comprise solar projects worth a total of 1,550 MW.
Solar ITCs deliver positive IRRs to US government
A new analysis of the U.S. Federal Solar Investment Tax Credit (ITC) claims that both residential and commercial photovoltaic projects supported by the ITC can deliver a nominal 10 percent internal rate of return (IRR) to the U.S. government.
China: GCL-Poly to develop 973 MW of PV
GCL-Poly Investment Limited has signed a letter of intent with China Merchants New Energy Limited and China Technology Development Group Corporation to develop 973 MW of photovoltaics in China between 2013 and 2015.
Greece sets new monthly PV record in June
Ninety seven MW worth of photovoltaics were installed in Greece in June, thus setting a new monthly record for 2012. To date, the country has installed 724 MW.
