Trina to spin-off downstream business
Trina Solar Limited is planning to spin-off its downstream solar PV project business as early as next year, said CFO, Teresa Tan. A “growthco” model is likely to be adopted, rather than a yieldco. Criticism has been aimed at the plan, due to Trinas focus on China.
Dubai opens 800 MW PV tender, commissioning set for 2018
Dubai has officially opened its third solar PV tender. The 800 MW will be added to the Mohammed bin Rashid Al Maktoum Solar Park, which is aiming to reach 3 GW by 2030. Commissioning of the 800 MW is expected to begin in 2018.
India: Andhra Pradesh 500 MW PV tender oversubscribed 10-fold
The National Solar Missions (NSMs) tender for 500 MW of solar PV to be installed in Andhra Pradesh has been oversubscribed tenfold, with 30 developers submitting bids totaling 5.5 GW. A second round of online bids is now set to take place.
Acciona to build 247 MW solar farm in Chile
Project in the Atacama Desert will become the largest single PV installation in Latin America once completed, utilizing more than 777,000 solar modules across 280 hectares.
TSK Group to build 50 MW solar plant in Kuwait
Deal worth $385 million will see Spanish EPC TSK Group develop the 50 MW solar plant in Kuwaits Shagaya desert region, with commercial operation scheduled for 2017.
GTM Research: BoS cost reductions drive falling PV system prices
GTM Research’s latest report estimates that global PV system prices will fall an average of 40% by 2020, driven by balance of systems cost reductions.
The pv magazine weekly news digest
Emerging markets mature as India, Brazil and Mexico take great strides in their respective solar evolutions, new technology turns heads, and Greece receives some solar-backed good news.
US: Duke Energy to bring 162 MW online in Carolina
Duke Energy Renewables has completed four solar PV projects totaling 30 MW in Eastern North Carolina. It is targeting a further 132 MW across another four plants, which it expects to bring online by the end of the year.
Chinas Nari to build SunEdisons 59 MW Philippine solar project
EPC contractor, Nari Group has been chosen by SunEdison and Aboitiz Power to work on a 59 MW solar PV project in the Philippines. It is expected to be operational in Q1 2016.
UK: FIT pre-accreditation to end on October 1
Government ignores industry opposition to its proposal to scrap the pre-accreditation process for the FIT, with energy secretary stating decision means better control over spending.
