The thin film PV maker projects 5.4 to 5.6 GW of module shipments next year, more than double its current projected 2018 volumes of 2.6 to 2.7 GW.
The PV maker’s quarterly results show not only the ramping of its Series 6 production at a third location, but also bookings that continuing to climb, with 11.3 GW of modules now under contract.
The PV maker plans to shift its 800 MW of E-Series production to its new NGT technology, as it records a massive loss on depreciation of its old equipment. The move was revealed in second-quarter figures featuring plenty of red ink.
The thin film PV maker reports difficulties in ramping its new Series 6 product, as well as pressure from module price collapses.
The renewable energy software company will keep the skytron brand and platform, as well as providing services for Draker’s customers.
The Ngonye project proposed by Italian energy giant Enel Group and Zambia’s Industrial Development Corporation, will be financially underpinned by senior loans of up to $10 million from the International Finance Corporation, up to $12 million from IFC-Canada Climate Change Program and up to $11.75 million from the European Investment Bank.
At the smarter E-Intersolar Europe trade show this week, awards have been given to the technologies driving the energy transition to a low carbon future. Prizes include the Intersolar Award, recognizing PV technology; the EES prize for storage innovation; and the smarter E awards – one of which was given to an off-grid agricultural project in Australia.
Chief executive of Norwegian developer tells markets his company will deliver on 1.5 GW promise by the end of the year – by including any projects it has broken ground on.
Large-scale solar’s rapidly falling costs has seen work on a record-setting number of projects get underway in Australia in 2018 – worth some 2 GW of capacity. The Clean Energy Council’s Kane Thornton made the observation at its Large-scale Industry Forum in Brisbane yesterday.
The 87 MW Beryl Solar Farm in New South Wales is set to become one of the first in the world to deploy First Solar’s Series 6 modules. The U.S. module manufacturer is the project developer, with Downer selected to commence construction in July.
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