MidAmerican completes $1 billion bond offering for 579 MW California projects
Warren Buffetts MidAmerican Energy will finance the construction of its 579 MW photovoltaic projects in Southern California with a newly completed $1 billion bond offering.
China Sunergy sees first-quarter revenue increase
China Sunergy saw revenue rise 13.4% in the first quarter of 2013 as it continued to expand operations in emerging markets. The company is aiming for a return to net profit in 2013.
Bitterfeld poly plant owner pays 12m to offload facility
UK poly manufacturer found it cheaper to hand over plant plus 12m than to refund employment grants and subsidies awarded by the EU and German regional government. ‘Some’ jobs to be maintained under new management team.
EU-China talks hinge on minimum module price
EU proposal for a minimum module price of 0.65 per watt rebuffed by the Chinese as JA Solar and Yingli halt shipping volumes to Europe in July. Meanwhile, Croatia’s EU accession allows Chinese manufacturers a back door into the Continent from today.
Brazil to include solar in energy auction
Brazil’s Energy Research Company has said the countrys A-3 Energy Auction in October would be open to solar and waste-to-energy projects for the first time.
SMA to start South African inverter production by Q1 2014
German company is expanding South African presence with manufacturing facility and will supply 125 of its Sunny Central inverters to two new PV schemes announced today.
Sunrun secures $630m for residential rooftops
JPMorgan subsidiary is among the investors as San Francisco based third party ownership company builds on recent expansion into 11th state. CEO claims company is installing $2m of systems daily.
Cyprus inaugurates 10 new PV parks
Cyprus electrifies 10 new solar PV parks totalling 1 MW. Installed PV capacity on the island has reached 25 MW with up to 100 MW more due in the next two years.
60 MW submitted for approval in Chile
One day after the Chilean environmental authorities published a 196 MW project by Avenir Solar Chile, a new project has been published. Valleland Solar seeks to build 60 MW also in Atacama.
Renewables to surpass gas by 2016 in the global power mix
A new report by the IEA finds that worldwide renewable power generation will exceed that from gas and be twice that of nuclear by 2016 and make up almost a quarter of the global power mix by 2018. In 2012, global renewable generation already exceeded the total estimated electricity consumption of China.
