GTM: Fast-growing Honduras usurps Mexico
With a market growing to 460 MW this year, Honduras is set to surpass Mexico as Latin Americas number two solar market this year. GTM Research has published the finding in its latest Latin America PV Playbook.
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.
Turkey approves a further 302 MW in PV projects
After awarding 228 MW of PV projects in January, Turkey approved a further 302 MW last week, thus paving the way for the first utility-scale solar installations in the country. The key question now concerns the realization of the projects.
From the Mag: a selection of stories from the May issue
pv magazine’s May edition assesses the current solar climate in Indonesia, gets technical at China’s smartest large-scale PV plant, and examines how SolarCity’s new microgrid has already found an enrapt audience.
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.
Vikram Solar commissions 40 MW solar plant in India
Project in the state of Madhya Pradesh commissioned for IL&FS Energy Development Company Limited. Vikram also secures 10-year O&M contract for the plant.
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.
5 takeaways from 2015 SNEC
A genuine solar boom, the internationalization of manufacturing, yieldcos and technology to drive conversion efficiencies higher were major trends to emerge from the SNEC trade show and conference last week in Shanghai, China. Here are five of the key trends.
SolarCity narrows Q1 loss, beats installation forecast
The solar company installed 153 MW in the first quarter, and increased revenue by 6% to reach $67.5 million.
