Canadian Solar privatization offer prompts stock surge, possible industry trend
Solar stocks surged yesterday after Canadian Solar announced it had received a “going private” proposal, reports Zacks. Analysts at Guggenheim, meanwhile, say the offer will be given “serious consideration.” They believe other companies may follow suit, if accepted.
South Africa: Calls for 1.5 GW of annual PV, 55,000 new jobs – comment
The South African Photovoltaic Industry Association (SAPVIA) has called on the country’s government for more PV support. Energy specialist, Chris Ahlfeldt comments on the five point PV plan, which envisages 1.5 GW of new installs annually, and the creation of 55,000 jobs. He also discusses the ongoing issue of the 27 unsigned PPAs, and the bottlenecks in the market.
Japan may surpass 2030 PV target of 64 GW within two years — RTS
Japan may reach its 2030 solar installation target of 64 GW about 10 years ahead of schedule, according to a new report by PV consulting firm, RTS Corp.
China’s Three Gorges connects part of 150 MW floating solar plant
The first phase of the world’s largest floating solar array has been connected to the grid in China’s Anhui Province, according to developer Three Gorges New Energy Company.
Brazil: Distributed solar generation reaches 150 MW
Overall, Brazil’s total distributed renewable energy generation has topped 200 MW.
EDF launches 30 GW solar plan
French energy giant, EDF has announced a 30 GW solar energy plan that is expected to be developed exclusively in France.
Egypt issues tender for 600 MW of solar
The tender is the first to be issued under the new auction mechanism, which has replaced the FIT scheme for large-scale solar.
Gibraltar introduces net metering
An amendment in the Gibraltar Electricity Authority Act will now make it possible to inject renewable energy power produced by residential customers into the local grid.
Canadian Solar next Chinese company to consider privatization
Canadian Solar Inc. has received a “going private” proposal from chairman, president and CEO, Dr. Shawn Qu, under which he offers US$18.47 per common share. The move follows that of Trina and JA Solar.
Zambia to launch 100 MW solar tender
The tender will be open to PV projects not exceeding 20 MW in size, and will award long-term PPAs for the sale of power to local utility ZESCO.
