Tata Power’s PV capacity soars to 990 MW in 10 months
The Indian group’s solar portfolio has swelled by roughly 930 MW over the past 10 months, largely on the back of its $1.45 billion acquisition of Welspun Group’s 1.15 GW clean energy business last spring.
China claims 34.2 GW of PV installations in 2016
The estimated 34 GW is far more than analysts had predicted, and nearly doubled the nation’s installed solar capacity.
Canadian Solar secures US$210 million loan for Thailand facility
Siam Commercial Bank plc (SCB) and China Minsheng Bank will jointly provide the manufacturer with a US$210 million loan to finance its new production facility in Thailand.
SPI threatened with de-listing over delinquent financials
The Chinese solar developer has yet to file financials for the second quarter of 2016, which has caused it to run afoul of NASDAQ requirements.
United PV’s generation jumps 25.6% in Q4
The aggregate volume of electricity generated by the Hong Kong-listed group’s solar plants reached 342.8 GWh in the final three months of 2016, up from 254.9 GWh a year earlier.
AES, Mitsubishi tie up on India’s first grid-scale storage array
The U.S. power group and the Japanese industrial giant will jointly supply a 10 MW Advancion energy storage bank to help integrate renewables such as solar into a grid network operated by Tata Power Delhi Distribution (Tata Power-DDL) in New Delhi.
Japan’s Looop signs 40 MW development plan in Kenya
The Tokyo-based PV module supplier has moved forward with the development of its first utility-scale PV plant by signing a memorandum of understanding (MOU) with the authorities in Kitui county, roughly 170 kilometres southeast of Nairobi.
BNEF: Global solar investment fell 32% in 2016
While much of this decline is due to lower system costs, it was a difficult year for the solar industry despite a 20% growth in installation capacity.
Tata Power and Adani top India’s solar developers, ABB is biggest inverter supplier
Extensive research from Mercom Capital has found that up until the end of 2016 Tata Power was the largest operator of utility-scale solar in India with almost 10% of the market, while Swiss company ABB has the largest market share of the PV inverters in the country, although the Chinese manufacturers are expected to make a surge soon.
Comtec Solar forecasts 2016 loss, signs development deal
The Shanghai-based integrated solar specialist said it expects to record a “substantial” net loss for the year to the end of December.
