Becky Beetz
Panasonic aims for 1GW global PV module production
Panasonic Corporation is adding new capacity to two of its existing HIT PV module production lines in Japan under a US$79.3 million capital investment. It aims to increase global capacity to over one GW by 2016.
SunEdison considers MLP structure, announces $750M convertible notes sale
SunEdison Inc. is considering a general partnership (GP) business structure as part of a master limited partnership (MLP) to help it more effectively manage its TerraForm yieldco platforms. It has also announced its intention to sell US$750 million of convertible senior notes.
Uruguay: Solarpack sells 26 MW PV plant to SunEdison yieldco
Solarpack has agreed to sell a 26 MW PV power plant, to be built in the Artigas Department of Uruguay, to SunEdison’s emerging markets yieldco.
Gintech plans 350 MW solar cell production in Thailand
Gintech Thailand subsidiary has been established to set up a 350 MW solar cell production line in Thailand. It is expected to commence commercial operation in the first quarter of 2016.
Phoenix Solar wins PV rooftop contract in Singapore, sees slight Q1 decline
Phoenix Solar has been awarded a 1.96 MWp rooftop PV project in Singapore by the country’s Land Transport Authority (LTA). The successful tender was priced at US$2.7 million. Meanwhile, the company has recorded a slight decline in its Q1 financials.
Solar-Fabrik identifies PV module fault
A month after issuing a product warning for some of its PV modules, Solar-Fabrik has identified the cause. A faulty weld connection in the junction box is to blame.
SunEdison to develop further 86 MW of PV in South Africa
SunEdison Inc. has been awarded a contract to develop an 86 MW photovoltaic plant in South Africa’s Northern Cape Province.
Etrion secures PPA for Salvador project amid volatile spot prices; records Q1 net loss
Etrion has secured a power purchase agreement (PPA) for its 70 MW Chilean PV plant. It currently sells the generated electricity on the spot market, however market prices have been “volatile” over the past few months. The company has also reported a net loss for Q1 2015.
Canadian Solar sees Q1 net revenue drop, signs $250m loan agreement
Canadian Solar has seen net revenue slightly decline in the first quarter of 2015 from Q4 2014. Its market outlook is positive, however, with predictions tier 1 PV module demand will outstrip supply during 2015. In other news, the company has signed a $250m loan agreement with a Chinese bank.
SunEdison records big Q1 net loss, announces new energy portfolio acquisition
SunEdison has recorded a Q1 2015 net loss of US$424 million, significantly down on the loss of $288 million seen in Q4 2014. Net sales have also fallen, both Q/Q and Y/Y. The company has further announced the acquisition of five new RE portfolios and two corporate platforms.
