North America

The PV manufacturer plans to pay off the high-interest ‘mezzanine loan’ with revenue from its residential lease portfolio.

PUC Distribution contracted Fluence to install energy management and storage systems that would allow business in a city in Ontario to reduce high peak-load charges. It is hoped this will reduce costs and help Canada hit its strict carbon emissions mandate.

The Ontario-based solar manufacturer will deploy a 150 MW production line at its manufacturing facility in Toronto, and another 150 MW line at an unspecified location in the United States.

The Quebec-based mining company has received financial support to the tune of $1.4 million from the local government to start a pilot production of 50 MT. The production equipment will be installed at the company’s facility in Montreal at a cost of $6.8 million.

According to China’s Ministry of Commerce, the 30% import duties on Chinese PV products do not comply with the World Trade Organisation’s rules. The Chinese government added that its solar industry could be seriously damaged.

Elon Musk has revealed that a Saudi sovereign wealth fund has approached him with a definite offer, and has announced advisors as the company forms a special committee.

Module manufacturing giant Canadian Solar shipped 1.7 GW of modules in the second quarter of 2018, a 23.7% increase on the previous quarter, according to the company’s latest update. Net revenue, however, fell more than 50% quarter-on-quarter with the company blaming fewer project sales and lower module prices.

When U.S. President Trump’s re-imposed sanctions on Iran, many solar companies – predominantly from Europe – were in the process of developing massive project pipelines. These are now in jeopardy, even with the recently imposed EU blocking statute. Those seeking to pursue plans demand safe financial channels from the EU in order to continue developing PV projects, and to provide signal a clear commitment to the Iran Nuclear Deal.

The organization’s short-term energy outlook forecasts that 10.3 GW-AC of solar will be installed in 2019, a 7% growth from 2018 – but for 60% of this solar to come online in December.

Arizona State University researchers have determined that a 32% efficient perovskite-silicon tandem cell could produce electricity at the same price as cutting-edge 22% efficient panels in the most cost-competitive of situations