Swiss solar manufacturing equipment supplier Meyer Burger posted improving financial results for the first three quarters of the year, just days after announcing a major recapitalization program that will see the company issue CHF 160 million in new shares.
The 9.1 MWh plant was a joint venture by Asunim and Pheonix Solar for Akfen Renewable Energies, and is not only now the largest PV plant in Turkey, but is the first fully licensed plant outside of the 1 MW limits.
A study conducted by German market researcher EuPD Research found that a shocking number of British PV customers and prospective customers are unaware that energy storage solutions are available to go alongside PV arrays, which is damaging the market and causing an adoption slow-down.
The German EPC contractor for solar developments has announced solid financial results for the third quarter of the year, with yearly growth in revenues, EBIT and gross margin, which the company puts down to its presence in growing markets around the world, as well sensible prices and supply chain initiatives.
The German inverter manufacturer has reached the impressive landmark of installing 10 GW of solar inverters across North America, after an incredible installed capacity increase of 33% in less than a year, all the while Chinese competitors challenge its market share supremacy.
India’s intriguing canal solar program is well underway, as 11 MW of grid-connected solar PV on canal banks and canal tops has now been commissioned, all the while Mercom Capital research shows that 1,965 MW of a targeted 12,000 MW of solar has been commissioned in the country so far this financial year, leading to expectations of an end of year rush.
The U.S. distributed solar provider has secured another healthy chunk of finance to go towards the installation of 123 MW of residential solar, as the company continues to steady the ship after the trauma of its failed merger with SunEdison earlier in the year.
The two Southeast Asian countries are each hoping to add 5 GW of PV by 2020, in an attempt to meet green energy targets and to stimulate fledging solar markets, with a number of developers already looking with interest in the region.
Greenko Energy Holdings has completed the acquisition of 587 MW of SunEdisons solar and wind projects in India, in a deal worth approximately USD 392 million, which sees the company make its first major venture into the solar PV industry.
The Flex subsidiary has signed a Master Services Agreement with Biosar, who is acting as EPC, for the delivery of its advanced solar tracking technology for a 191 MW PV project in Minas Gerais, which is due to be completed by the end of next year.
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