The partnership between OPG and the Six Nations of the Grand River development Corporation is set to deliver 44 MW of solar energy when the plant is finished in 2019.
The Canadian Department of Energy has revised its goals to phase out coal powered electricity by 2030. It will increasingly focus on renewable energy (RE) and natural gas. In Alberta alone, an extra 5 GW of solar and wind are expected to be installed.
Investors throughout the world made 406 investments in large-scale renewables in 2017, collectively valued at roughly €40.1 billion (US$49.5 billion), but solar is set to grow more in terms of capacity than any other clean-energy technology over the next half decade, according to a new report. Battery storage will play a crucial role in this, it found.
The Canadian firm’s Decima Gemini infrared measurement technology has been updated to measure performance and characteristics of transparent conductive oxide layers key in heterojunction cell technology.
A research note by Guggenheim Securities says that the discounted sales of NRG Yield and 8point3 Energy Partners show how difficult it has been for investors to accurately value yieldcos, and undermines confidence.
In the U.K., Canadian Solar Inc. has closed a refinancing deal worth GBP41.9 million (US$56 million) with BayernLB. Meanwhile, in Canada, it has signed an Operation & Maintenance (O&M) agreement with Axium Infinity Solar LP for eight PV plants totaling 105.5 MW.
Renewable energy developers connected roughly 1.29 GW of new capacity to the Canadian grid in 2016, but solar remains a negligible part of that growth, accounting for just 0.5% of total nationwide electricity generation last year, according to the National Energy Board (NEB).
In a unique partnership, the two Canadian companies are set to integrate low concentration optic technology into standard solar PV modules, in a move which they say will see cost savings of up to 30% and a silicon reduction of up to 80%. A “significant” factory ramp up is underway, with large-scale plans in the pipeline.
A fund managed by Swiss investment firm SUSI Partners AG has agreed to provide C$120 million (US$94.3 million) of financing to a unit of energy storage developer NRStor for lithium-ion storage projects in Canada.
On the heels of its acquisition by Brookfield, the yieldco is putting its financial house in order.