CNREC advises reform and increased RE targets in China
A newly published report from the China National Renewable Center (CNREC) advises China’s National Energy Administration to increase its targets for total renewable energy capacity (excluding big hydro) to 500 GW by 2020.
L&T Infotech and GE Digital as IIC members will deploy the Digital Testbed at solar plant in Rajasthan, India
The Digital Solar Plant Testbed evaluates solutions to accurately predict energy generation, improve utilization and reduce maintenance costs. IIC has estimated that 30% reduction in O&M expenses with the help of accurate forecasting will save around $15 million/year for utilities managers.
Azure Power Announces Results for Fiscal Second Quarter 2018
As of September 30, 2017, Azure power has 1,381 MW operating & committed, an increase of 35% over September end 2016. Revenue for the second quarter was INR 1,823.8 million ($27.9 million), an increase of 104% over the quarter ended September 30, 2016. The company’s adjusted EBITDA for the quarter was INR 1,499.5 million (US$23.0 million), an increase of approximately 167% over the fiscal second quarter 2017.
Hanwha Q Cells holds steady in Q3, expects bigger Q4
The Korean manufacturing giant posted a slight drop in revenue and profits for the third quarter ending September 30th, but expects to achieve total module shipments in the range of 5.5 GW to 5.7 GW for the full year 2017.
Leclanché and partners to invest $12 million in first utility-scale storage project in Canada
The joint venture firm EPAL, owned by Indian state-owned Energy Efficiency Services Limited and U.K.-based Energy Pro Limited is partnering with leading Swiss battery storage solution provider, Leclanché and development partner, Deltro Energy.
MYSUN use Solar to fight against Delhi’s pollution
MYSUN will wave off all the processing fees for customers for a limited time. First EMI will also be waived off under the MYSUN-Flexi Pay scheme. Going solar is a proactive way of dealing with air pollution, and making Delhi/NCR clean again.
Mitsubishi Electric completes 2.6 MW floating plant
Mitsubishi Electric and Tokyo-based Sumitomo Mitsui Construction have finished building a 2.6 MW floating solar plant on a pond in western Japan.
REC Group sees strongest third quarter ever
Norway headquartered REC Group has become the latest solar manufacturer to post increased module shipments for the third quarter of 2017, as global demand continues to be buoyed by massive installations in China and a rush for U.S. projects to procure modules.
Four key takeaways on Italian PV from Key Solar event
While expecting the announcement of a new energy strategy that could envisage more than 30 GW of additional solar between 2020-2030, the Italian solar sector discussed how to deal with current market conditions and facing the future with optimism at Key Solar, a brand new solar event.
Singulus: 2017 breakeven still possible
The German PV equipment manufacturer has posted financial results for the first nine months of 2017, projecting a protracted investment cycle for CIGS thin-film production. The company expects another prepayment from its major Chinese customer CNBM by the year’s end.
