First Russian mining company to be powered by solar
Russia-based precious metals mining group, Polymetal will be provided with power from a solar facility currently under development by Russian solar module maker, Hevel. The project will be located in Russia’s Far East, a region with limited access to electricity and transmission networks.
Portugal’s EDP secures contract for 200 MW US PV project
At 200 MW the project is not only by far the largest in the state, but would increase Indiana’s current cumulative solar capacity by more than 70%.
Korea, Japan to retaliate over US solar tariffs
Korea is making good on an earlier promise, and now Japan has joined in. Both nations demand that the Trump Administration reverse the tariffs, or suffer an equivalent volume of retaliatory tariffs.
Ukraine’s DTEK to build 200 MW solar park
The largest energy provider in Ukraine will construct the large-scale facility along with Chinese engineering company, China Machinery Engineering Corporation (CMEC). Once completed, the solar park with be the country’s largest PV power plant.
Panda Green reports increase in turnover, declining net profit
The Chinese solar PV developer increased the combined capacity of its solar plant portfolio by 62% to 2 GW last year. Total revenue for last year reached around $241 million.
Brazilian PV market is maturing faster than expected – comment
The strong performance delivered by PV in Wednesday’s auction has demonstrated the solid market fundamentals of Brazil’s solar sector, and an improving competitive landscape. The winners of the auction included both major international players and local companies. Despite the auction’s surprising outcome, which was also driven by cheaper equipment and a stronger Real, PV technology will not be included in the upcoming A-6 auction.
Shunfeng trims net loss, improves sales
The Chinese PV manufacturer shipped 3.85 GW of solar PV products last year, including 37.6 MW of wafers, 1,346 MW of solar cells, and 2,475 MW of PV panels. China was still the company’s largest market, accounting for 74.9% of total sales.
Engie wins Senegal’s 60 MW PV tender with bids under €0.040/kWh
The French energy giant will now build a solar PV power plant in Tauba, central Senegal, which will sell power at €0.0380 per kWh, while a second plant selling electricity at €0.0398 per kWh will be constructed in Kahone.
Sunlight Financial raises $225M for residential solar loans
The US residential solar finance provider sees the capital covering approximately 9,000 solar loans at $25,000 each.
Vattenfall resorts to crowdfunding for its Dutch PV projects
Nuon, the Dutch subsidiary of Swedish energy giant, Vattenfall, is offering bonds to its customers, as well as to customers of other power providers, in order to raise additional funds for the financing of its solar project pipeline in the Netherlands.
