Russian banks set to seize Crimean solar power plants
Update: Saddled with massive debts estimated at $870 million following Russia’s annexation of Crimea and a dramatic cut in feed-in tariffs, solar plants in the region have been unable to pay back outstanding loans and now face foreclosure.
Swiss battery maker joins Azores grid project
Leclanche’s lith-ion batteries will form part of MW-scale renewables-plus-storage project. Swiss company’s Danish shareholder will also finance the project to the tune of $3.7m.
Scatec announces South Africa projects
Norwegian developer has announced three contract wins under much-delayed round of national power auction. No details emerged as to how state utility Eskom has overcome publicized grid constraints.
Trina to supply Japan's biggest PV project
Chinese producer Trina Solar has announced that it will supply 116 MW of modules to a 231 MW PV power plant being developed in Okayama Prefecture, Japan. The project will employ 446,000 Trina modules.
NRG launches 65 MW residential yieldco
NRG and NRG Yield will form a yieldco for residential solar leases across a number of states, worth some 65 MW. NRG Yield will invest up to $150 million in the partnership.
SolarCity teams up with Nest
Smart heating and solar are coming together in a new collaboration between SolarCity and Nest Labs announced today. Under the partnership, 10,000 new Californian SolarCity customers will receive a free Nest Thermostat when they sign up for a solar lease.
Growing pains as Turkish solar market slowly emerges
The Solarex trade show currently under way in Istanbul reveals a market growing much more slowly than many had hoped. However, the fundamentals for PV remain strong and administrative barriers are slowly reducing.
Solar to thank for UK grid's lowest-ever peak demand forecast
National Grid estimates that peak demand will hit 37.5 GW this summer, a fall of 900 MW on last year that has been attributed to the increase in embedded solar PV generation capacity.
Is DEWA preparing an 800 MW Dubai tender?
Infrastructure group behind world record sub-6 cent LCOE is rumored to be seeking a financial advisor for an 800 MW project. An advisor is typically the first move in drawing up a tender.
Off-grid weekly digest
The pv magazine digest of the world’s off-grid news, put together by specialist editor Peter Carvill.
