Becky Beetz
Doyoung, Huawei sign 500 MW inverter agreement
Doyoung Int’l Renewable Energy Service Co., Ltd and Huawei Technologies Co., Ltd have signed a 500 MW solar PV inverter agreement. The two companies will also work together in joint development and manufacturing.
Off Grid Electric secures $45 million for solar, storage deployment in Tanzania
Off Grid Electric has secured US$45 million in investment to realize its aim of installing solar and battery storage in one million homes in Tanzania over the next three years.
Solarpark Blautal revealed as new majority shareholder of centrotherm
Company co-founder, Robert Hartung has, alongside an unnamed, strategic investor, been identified as the new majority shareholder of centrotherm photovoltaics AG. Subject to conditions being met, the purchase agreement will be completed in Q1 2016.
Singapore awards 76 MW of solar under SolarNova auction
Sunseap Leasing Pte Ltd has been awarded the entire 76 MWp solar PV capacity under the first SolarNova tender in Singapore. The next tender will be called in the first half of 2016. Overall, 220 MW will be installed under the program.
India: 4.3 GW of solar expected in 2015/16 fiscal year, major industry concerns voiced
The Indian Government expects 4.3 GW of solar PV capacity to be added in fiscal year 2015/16. In the first seven months, just 936.8 MW were commissioned. In 2016/17, the government envisages 11 GW of solar. However, policy uncertainty and delays in state government initiatives are a “major concern” for the countrys solar industry, says Bridge to India.
First Solar charts modest 2016 growth
First Solar Inc. forecasts modest growth next year, with net sales, operating expenses and shipments all expected to remain relatively flat. Net cash should see an increase, however, while CAPEX spending is set to double, and capacity will rise by around 20% to 3 GW. Three main priorities were outlined. Shares fell around 8% following the news.
SunEdison, Imergy partner to supply 5 MW battery storage in Canada
SunEdison Inc. and Imergy Power Systems have partnered up to supply Ontario’s Independent Electricity System Operator (IESO) with 5 MW of battery storage. The project is slated for completion in 2017.
GCL secures modules for 100 MW solar project, announces lease agreements worth $96.5 million
GCL New Energy Holdings Limited (GNE) has signed a solar PV module supply agreement with CNI Energy for a 100 MW project in China. In other news, GCL subsidiaries have signed two separate lease agreements worth around US$96.5 million.
$195 million financing secured for 50 MW Ontario solar project
Samsung Renewable Energy, Inc. and Connor, Clark and Lunn Infrastructure have closed CA$195 million in debt financing for a 50 MW solar PV plant in Ontario, Canada. The two have also joined forces to provide equity funding to the project, slated for completion by early 2017 at the latest.
Canadian Solar secures $126 million financing for solar projects worth 86 MW
Canadian Solar Inc. has secured US$126 million in financing from the Royal Bank of Scotland and Deutsche Bank for 86 MW worth of solar PV projects in Japan and the U.K.
