Record quarter for SolarEdge as firm registers 22% growth in Q3
Revenue for the Israeli power electronics company rises 22% sequentially in third quarter to reach $166.6 million. More than 676 MW of inverters shipped helped drive gross margin of 34.9%.
juwi commissions 19.7 MW of unlicensed solar projects in Turkey
The German solar developer and EPC has switched on 19.7 MW of combined solar PV capacity in Turkey, developed as two separate projects at three locations.
Jordan: Nebras Power, AES and Mitsui & Co. split shares in 52 MW PV plant
Facing a 7% increase in the electricity demand per annum, Jordan cannot afford to sit on the sidelines of global solar boom, and is now getting ready to welcome another large-scale solar PV project, whose shares have been split between three major companies.
SoftBank Vision Fund to build 3 GW of solar and storage in Saudi Arabia
The Saudi Electricity Company has signed a Memorandum of Understanding with the Public Investment Fund and Softbank Vision Fund to create 3 GW of solar and storage capacity in the Kingdom in 2018.
Oman to launch tender for more than 200 MW of solar by end of 2017
The tender, where capacity may even reach 500 MW, is part of the Oman government’s plan to diversify the country’s energy mix.
KAUST researchers look into lateral heterojunction
A team from King Abdullah University of Science and Technology (KAUST) in Saudi Arabia has published research into heterojunction solar cells using alternative materials to silicon. The researchers hope that the process they developed could simplify the fabrication of solar cells.
Ellomay buys 9 MW in Israel
Through this transaction, the Israel-based solar company has raised the capacity of its PV plant portfolio to 39.5 MW.
DEWA announces new R&D subsidiary
HE Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Company (DEWA) announced that the firm has launched a new wholly owned investment subsidiary. It is called Jumeirah Energy International Silicon Valley Company and, as the name entails, is found in the Silicon Valley in California.
Canadian Solar signs deal to develop projects in Israel
Tier-1 module manufacturer Canadian Solar has announced joint venture between its wholly owned subsidiary in Israel and Menora Mivtachim, one of the country’s largest finance and insurance groups. The aim of the venture is to finance, develop, construct and own solar power projects in the Middle Eastern nation.
Dubai has 17 MW of solar installed under net metering
The Shams Dubai initiative encourages DEWA residential and commercial customers to install rooftop PV systems under net metering in order to reduce their energy bills.
