ET Solar begins work on ACWA’s 60.9 MW solar plant in Jordan
The German subsidiary of ET Solar is building a 60 MW PV plant in Jordan for ACWA Power. Construction on the project is expected to be completed within ten months.
CGN New Energy’s profit narrows in 2016
The Chinese independent power producer’s profit attributable to shareholders plunged 23.5% year on year to $79.5 million, as revenue slid 6.7% to $1.07 billion in the 12 months to the end of December.
Blattner Energy takes top U.S. solar EPC spot in 2016 (with chart)
IHS Markit’s latest assessment of U.S. solar contractors finds that Blattner outpaced First Solar to take the top spot in 2016.
SPI Energy unit to sell 4.8 MW in Japan
SPI Solar Japan, a wholly owned subsidiary of the Chinese PV group, has agreed to sell its entire interest in land and project development rights for 4.8 MW of PV capacity near Tokyo.
Engie plans to acquire RWE’s renewable energy unit Innogy, reports
The French energy giant is offering to acquire Innogy, the renewable energy unit of German power provider RWE. Innogy acquired German developer Belectric and its huge solar power plant portfolio in January.
Canadian Solar signs PPAs with SECI for 80 MW of solar in India’s Maharashtra state
The Chinese solar firm has finalized power purchase agreements with the Solar Energy Corporation of India for 80 MW of solar PV capacity awarded to the company under the recent Maharashtra tender.
Neoen secures 25-year PPA for 54 MW solar project in Zambia
The French developer has secured a 25-year PPA for Zambia’s largest PV plant. The project, which was selected in an auction held by the World Bank in 2014, will sell power to local utility ZESCO at US$0.0602 per KWh.
Etrion posts $110.4 million net loss in 2016
The independent power producer recorded a net loss of $110.4 million from its continuing operations — up sharply from $27.5 million a year earlier — due to impairment expenses totalling $75.7 million, in addition to a net deferred tax write-off of $6.9 million.
Power Electronics provides 275 MW of inverters for two Mexican projects
The devices will be used by Spanish developer Iberdrola Renovables to build two large-scale PV projects in Sonora and San Luis de Potosí.
Enertronica secures engineering contract for 50 MW of solar in the U.S.
The Italian solar company has secured an engineering contract to build two PV plants totaling 50 MW in the United States. Furthermore, Enertronica has set up a new subsidiary in Delaware.
