Panama reports 46 MW of new large-scale solar capacity for 2016
With seven large-scale PV projects connected to the grid last year, Panama has reached a cumulative PV capacity of 89 MW.
Etrion posts $110.4 million net loss in 2016
The independent power producer recorded a net loss of $110.4 million from its continuing operations — up sharply from $27.5 million a year earlier — due to impairment expenses totalling $75.7 million, in addition to a net deferred tax write-off of $6.9 million.
Power Electronics provides 275 MW of inverters for two Mexican projects
The devices will be used by Spanish developer Iberdrola Renovables to build two large-scale PV projects in Sonora and San Luis de Potosí.
Over 50,000 distributed generation PV projects expected to come online in Mexico this year
Mexican company Conermex forecasts that investment for distributed generation projects (DGPV) in Mexico could reach $750 million between 2017 and 2018.
Chile registers increase in PV installations for self-consumption
PV systems installed under Chile’s net-metering scheme have reached 6.4 MW. The Chilean government has recently made it easier to install small-sized PV for self-consumption.
BREAKING: Brookfield to take over TerraForm Power, Global
Brookfield has agreed to acquire a 51% stake in yieldco TerraForm Power and plans to become the company’s sponsor, as well as acquiring TerraForm Global outright.
Canadian Solar gets $20 million financing for PV project in Brazil
The Chinese-Canadian company has secured $20 million in funds to support the construction of a 191 MW PV plant in Brazil.
Colombia issues legislation for self-consumption
The Colombian government has published the decree that regulates the installation of renewable energy and solar power systems for self-consumption. The new regulation, which applies to systems up to 100 kW, simplifies the procedures for grid-connection and sale of excess power.
Chint signs framework agreement to build solar factory in Brazil
The Chinese module maker has signed an agreement to set up a solar module manufacturing facility in Brazil. The local government hopes the new factory will attract more investments.
World Bank approves $480 million guarantee to promote solar and renewables in Argentina
The World Bank will promote the development of large-scale renewable energy and solar projects across Argentina with a $ 480 million guarantee. The funds will be used to support projects being implemented under the country’s RenovAr program for renewable energies.
