AECEA: 50 GW within reach for 2017 installations in China
According to the latest briefing from Asia Europe Clean Energy Consultants (AECEA), China is likely to install more than 50 GW of PV in 2017, a second consecutive record breaking year for the world’s leading market.
Construction begins on 62 MW project in Japan
Pacifico Energy has announced the start of construction on its Toyota Mega Solar Power Plant, located on mountainous land in Toyota City, Aichi Prefecture. The plant is expected to be grid connected in December 2019.
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.
NPC Incorporated closes fiscal year 2017 with JPY 498 million ($4.4 million) profit
The Japanese equipment provider also reported an increase in sales of 19.2% for fiscal year 2017. In the machinery business, the company said, all of sales of the large-scale deal were booked as planned.
India’s first utility-scale solar storage project realized
Mahindra Susten won the auction for 20 MW/28MWh with the final all-in price of INR 2.99 billion ($46 million).
Germany’s auction for large-scale solar concludes at €0.0429 per kWh
The average price for bids submitted in Germany’s auction for large-scale solar has fallen below the mark of €0.050/kWh for the first time. A total of 20 projects with a combined capacity of 222 MW were awarded by the Federal Network Agency.
10 MW PV plant connected in Uganda
Globally integrated IPP Building Energy today announced the start of production at its 10 MW Tororo solar plant. Tororo is the company’s first PV project in Uganda, and among the largest built to date in eastern Africa.
Leclanché reduces losses, as revenue climbs 84%
Leclanché presented the figures for the first half-year 2017 with a two week delay. The Swiss energy storage provider reports higher sales figures and lower losses as a result of its restructuring.
Taiwan’s Gintech, Solartech and NSP merger creates new solar entity, UREC
Newly formed United Renewable Energy Co. is the result of the merger between three of Taiwan’s leading solar companies. Move comes at a time of intense competition in the Taiwanese solar space.
Belarus’s biggest PV plant comes online
State-owned Belarusian oil company Belorusneft has finalized its 55 MW solar project more than three years after the initial announcement.
