The pv magazine weekly news digest
Obama’s clean power plan angers the coal industry, Indian auction strikes another low solar price, further cost reductions are on the way, and SolarCity’s plans for world domination edge closer to reality.
Enphase Energy Q2 shipments up 48% YOY
U.S. module level power company ships record 195 MW in second quarter, revenue up 25% year-over-year, reaching $102.1 million.
UK: Big60Million and Foresight Solar Fund close bond on 34 MW community PV
Joint venture between solar investor Foresight and community-benefit energy company Big60Million brings community and institutional finance together in the ongoing pursuit of greater solar deployment.
Silevo, SolarCity hold topping off ceremony at Buffalo Gigafactory
The 1 GW solar panel factory, which will manufacture Silevo’s high-efficiency modules, nears completion just 11 months after the project broke ground.
ReneSola forms JV with Pristine Sun for 300 MW US solar pipeline
The Chinese solar module manufacturer has teamed with the San Francisco-based EPC to develop, build and operate a portfolio of 300 MW of solar projects in the U.S., first 150 MW outlined for next year.
Ideal Power Q2 revenue surpasses expectations
The U.S power conversion company generated revenue of $1.2 million in Q2 following announcement of partnership with Germany’s Kaco. Losses posted at $2.3 million.
SolarCity expands into Mexico with $15m purchase of Ilioss
Acquisition marks first time the U.S. solar company has expanded internationally, sees Mexican market as exciting and ideal location for extension of its financing model.
New technologies will push costs down, says Lux Research
In its latest “Silicon solar cell and module roadmap” report, Lux Research says that emerging technologies like PERC and bifacial cells will aid in pushing down module costs in 2020.
TerraForm Global raises $675 million in IPO
In its IPO, launched on July 31, SunEdison Inc.s yieldco, TerraForm Global Inc. raised US$675 million through the sale of 45 million Class A shares on the NASDAQ stock exchange, priced at $15 each. An additional 6.75 million shares were also on offer.
Obama set to announce clean energy vision
Tougher rules on carbon emissions part of President’s new Energy Plan, which will include greater incentives for the deployment of renewable energy technologies.
