The German utility’s renewable energy arm, innogy SE, has signed the contract to acquire Belectric Solar & Battery, a solar developer who has built more than 1.5 GWp of PV projects worldwide, significantly enhancing the company’s solar and storage expertise.
Japanese electronics giant is preparing to expand into the Chinese solar market with an eye on supplying megasolar plants being planned across the country. Strategy could prove risky, experts say.
Having originally announced details of a 25 MW project, the Perth-based solar power integrator has now secured a larger tract of land and promising funding to upsize the plant to 100 MW.
The German lender provides GBP 30 million in financing for the solar plants of up to 5 MW each and located across five sites in England and Wales.
A total of 1.4 GW of projects were put forward under the 200 MW tender, with energy storage projects taking positive steps forward, says Renewable Energy Agency.
China’s second half slowdown drags module shipments down 19.5% sequentially, while lower wafer ASPs cause revenue contraction despite increased shipments.
Energy ministry confirms series of six tenders of 500 MW each to be launched between 2017 and 2020 as country gradually reignites efforts to boost its solar PV sector.
Vertically integrated Chinese solar firm increases sequential module shipments by 7.3% and revenue by 8.9%, while solar power projects generate 55.5% revenue increase over same period.
A post-slump solar recovery could arrive in Europe as early as 2018 should policy support sufficiently smooth the path for dormant solar pipelines on the continent, says IHS Markit.
The subsidiary of Essel Group has secured the bulk of a 270 MW tender issued by the Solar Energy Corporation of India in the state, marking the firm’s largest solar PV project to date.
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