Xevel to invest $85 million in Russian solar projects
In a major public-private partnership in Russia’s solar sector, state-owned Rusnano and private business group Renova’s joint company Xevel is to invest nearly $85 million into construction of solar power plants in Russia.
Sol Voltaics receives $9.4 million funding for nanotech development
The Sweden-based startup convinces Norwegian investors Umoe and others to invest close to $10 million to help the company develop the nanotechnology that can create 25% more efficient solar cells.
ReneSola closes $70 million share offering in preparation for polysilicon optimization
Chinese PV manufacturer ReneSola successfully closes $70 million securities offering on the NYSE, announcing that proceeds received are to be used for polysilicon production optimization.
Renewable energy now the cheapest option for Americans, study finds
Clean energy sources such as solar and wind are more cost-effective than coal-fired power plants when health and climate impacts are factored in, according to Springer’s Journal of Environmental Studies and Sciences.
BayWa r.e. to construct 45.4 MW solar farm in Aquitane, France
Munich-based renewable energy company BayWa r.e. begins construction on the largest solar power project in the company’s history — a 45.4 MW solar farm in the Aquitane region of France.
Turkmenistan conference highlights renewable energy, Russian partnerships
Multinationals such as GE, Alston, Siemens and Sumitomo attended the 6th International Exhibition and Scientific Conference in Ashgabat. Despite plentiful resources, renewable energy is playing a bigger role in Turkmenistan.
California embracing third-party residential PV ownership
While the residential PV market in California is booming, most of the new installations are owned not by homeowners but rather by third-party companies.
Commercial segment set to lead solar storage market by 2017
While the commercial sector currently makes up the smallest part of the global solar energy storage business, it is projected to expand by a factor of 700 in the next four years and dominate the market in 2017.
Renewables beat carbon capture and storage, researchers find
Australian researchers say renewables offer better prospects than coal and gas-fired carbon capture and storage (CCS) systems and argue against investment in CCS development, citing rising gas prices and pipeline distances.
Poly maker Tongwei acquires cell and module business
Chinese polysilicon manufacturer Tongwei has paid a reported RMB870 million for LDK Solar Hi-Tech (Hefei) Co. The deal represents a RMB750 million profit for the Hefei local government.
