SolarCity completes its fourth securitization
SolarCity has closed on the sale of $123 million in bonds backed by a portfolio of its solar assets. This is the company’s fourth successful securitization, and it remains the only company to complete one.
China needs 200 GW of solar by 2020, say industry groups
Country urged to double solar power goal in order to plug projected nuclear and hydropower shortfalls; currency devaluation could provide boon for solar exports but harm EU.
Brazil: Concrete auction details emerge
Brazil has announced that it will contract 2-3 GW of solar projects via auctions in the period of 2015 to 2018 as part of its national electricity generation and transmission plan. Meanwhile utility Cemig looks to developing domestic module production.
Vivint Solar Q2 profit hits $13.7 million
Second quarter financials for U.S. solar leasing company reveal installation increase of 78% year-over-year, driving a 146% increase in revenue.
Hanwha Q Cells announces 78.6 MW solar deals in India, Philippines
Korean solar firm will create joint venture with India’s Azure Power for creation of 50 MW solar plant in Andhra Pradesh, also announces involvement on 28.6 MW PV project in the Philippines.
Singulus: 1H sales remain low, but confidence high
Singulus Technologies has just released its 1H2015 financial report with higher than expected bookings. Sales were still low as expected but the company is confident in it’s solar division’s performance for 2015.
Construction of world's first modular large-scale storage system begins
E.ON and SMA to lead on 5 MW modular battery system, funded by the German Federal Ministry for Economic Affairs and located at Aachen University in Germany.
LG plans to develop next-generation EV batteries
3M and South Korean LG Chem have signed a patent deal for the continued development of NCM (nickel, cobalt, manganese) lithium-ion batteries. LG Chem hopes to develop improved electric car batteries with the acquired patent knowledge.
Australia announces tame 2030 emissions reduction target of 26%
The goal, based on 2005 levels of carbon emissions, will be taken to the United Nations climate change meeting in Paris in December; climate campaigners call the target ‘pathetically low’.
India: Madhya Pradesh sells PV power at lowest Indian price
The central Indian state of Madhya Pradesh is now officially the state with the lowest solar power tariff at INR5.051 (US$0.08) per kWh. Companies that have bid for the projects are willing to sell solar power back to the utilities for this low price over 20 years.
