Ontario earmarks $70 million for solar, storage rebates
Under the GreenON’s Solar Rebates Program, homeowners will be able to install solar-plus-storage systems with a capacity of up to 10 kW, while businesses will be entitled to deploy up to 500 kW of rooftop PV capacity.
Grasshopper Solar gets $210 million financing from Deutsche Bank
The Canadian solar company will use the funds to expands its asset base and reach new business opportunities.
Ontario utility OPG makes room for solar at demolished coal power plant
The partnership between OPG and the Six Nations of the Grand River development Corporation is set to deliver 44 MW of solar energy when the plant is finished in 2019.
Canada unveils roadmap for coal phase out, RE implementation
The Canadian Department of Energy has revised its goals to phase out coal powered electricity by 2030. It will increasingly focus on renewable energy (RE) and natural gas. In Alberta alone, an extra 5 GW of solar and wind are expected to be installed.
Solar to lead global renewables growth for next five years — KPMG
Investors throughout the world made 406 investments in large-scale renewables in 2017, collectively valued at roughly €40.1 billion (US$49.5 billion), but solar is set to grow more in terms of capacity than any other clean-energy technology over the next half decade, according to a new report. Battery storage will play a crucial role in this, it found.
Aurora Solar Tech infrared tool upgraded for HJT cell measurement
The Canadian firm’s Decima Gemini infrared measurement technology has been updated to measure performance and characteristics of transparent conductive oxide layers key in heterojunction cell technology.
Guggenheim: Sale of CAFD, NYLD casts doubt on the yieldco space
A research note by Guggenheim Securities says that the discounted sales of NRG Yield and 8point3 Energy Partners show how difficult it has been for investors to accurately value yieldcos, and undermines confidence.
Canadian Solar closes UK refinancing deal, signs 105 MW O&M contract in Canada
In the U.K., Canadian Solar Inc. has closed a refinancing deal worth GBP41.9 million (US$56 million) with BayernLB. Meanwhile, in Canada, it has signed an Operation & Maintenance (O&M) agreement with Axium Infinity Solar LP for eight PV plants totaling 105.5 MW.
Renewables rising in Canada, but solar still sidelined — report
Renewable energy developers connected roughly 1.29 GW of new capacity to the Canadian grid in 2016, but solar remains a negligible part of that growth, accounting for just 0.5% of total nationwide electricity generation last year, according to the National Energy Board (NEB).
Updated: Silfab, Morgan Solar JV targets 30% module cost reductions, plans large-scale production
In a unique partnership, the two Canadian companies are set to integrate low concentration optic technology into standard solar PV modules, in a move which they say will see cost savings of up to 30% and a silicon reduction of up to 80%. A “significant” factory ramp up is underway, with large-scale plans in the pipeline.
