Shunfeng prepares for USD 760 million private follow-on offering

Tuesday, 5.27.2014 - 15:39 (Solarserver)

Shunfeng Photovoltaic International Ltd. (Changzhou, China) has announced preparations to issue up to 600 million shares at a price of at least USD 1.29 per share to at least six individuals and companies. This includes reaching an agreement with an agent to place these shares. Read more

Shunfeng set to issue US$775 million new shares

Tuesday, 5.27.2014 - 12:53 (PV-Tech)

Shunfeng Photovoltaic International is set to issue HK$6 billion (US$774 million) of new shares. Read more

Canadian Solar to power South Carolina’s first solar farm

Tuesday, 5.27.2014 - 23:15 (PV-Tech)

Module manufacturer and project developer Canadian Solar Inc. has been selected to power the first PV farm in South Carolina. The facility, known as the Colleton Solar Farm, is located in Walterboro, South Carolina and is owned by TIG Energy I, LLC, a subsidiary of the InterTech Group, Inc. Read more

First Solar sells 250MW Nevada solar project

Tuesday, 5.27.2014 - 19:12 (PV-Tech)

US solar developer, First Solar has sold its 250MW Silver State South solar power plant. Read more

Neas Energy signs PPA with three UK solar farms

Tuesday, 5.27.2014 - 19:12 (Solarpowerportal)

Energy asset management company, Neas Energy has announced that it has signed a 15-year long power purchase agreement (PPA) with three solar farms in the UK. Read more

JinkoSolar posts Q1 profit as overseas sales expand

Tuesday, 5.27.2014 - 18:52 (PV-Tech)

Module manufacturer JinkoSolar has announced its fourth consecutive profit in its Q1 2014 results. Read more

Three days left to enter Solar Power Portal awards

Tuesday, 5.27.2014 - 17:55 (Solarpowerportal)

There are just three days left to submit entries for this year’s Solar Power Portal Awards. Read more

How A Little-used NREL Tool Could Have Saved the US Solar Industry $6 Billion

Tuesday, 5.27.2014 - 17:46 (Renewable Energy World)

Solar industry leaders gathered this past week at the Dept. of Energy’s SunShot Grand Challenge Summit to take stock of progress in achieving the challenge’s main goal – solar at less than $0.40 per watt by 2020. The industry driving force, the almighty $/watt, has only half its outcome based on efficiency (the watt). The other half is all about th Read more

JinkoSolar shows strong growth in Q1 2014 on low-cost production

Tuesday, 5.27.2014 - 15:13 (Solarserver)

JinkoSolar Holding Co. Ltd. (Shanghai) reports strong growth in the first quarter of 2014, with a 72% year-over-year increase in wafer, solar photovoltaic (PV) cell and module shipments to 581 MW and a 73% year-over-year growth in revenues to USD 324 million. The company boasts a total PV module cost of USD .047 per watt, a fall of USD 0.03 per watt over the last two quarters. Read more

Departure of Strategist Could Add Uncertainty To Saudi Arabian Solar Energy Market

Tuesday, 5.27.2014 - 15:02 (Renewable Energy World)

The official who designed Saudi Arabia’s strategy to lure $109 billion in investment for solar energy left his post, raising questions over how quickly the effort will progress. Read more

Move for Mexico for Hanwha SolarOne and new partners

Tuesday, 5.27.2014 - 14:50 (PV-Tech)

Hanwha SolarOne is set to enter the Mexican market, with the announcement of a co-operation agreement between the PV manufacturer, Canadian company Sunrise Power and metal engineering company Cosma International. Read more

Indian trade duties threaten existing projects, warns First Solar

Tuesday, 5.27.2014 - 14:15 (PV-Tech)

The threat of solar trade tariffs could derail projects in India, according US thin-film manufacturer First Solar. Read more

LDK Solar secures US$320 million lifeline

Tuesday, 5.27.2014 - 14:15 (PV-Tech)

Chinese PV manufacturer LDK Solar has secured a RMB2 billion loan from a consortium of investors led by the China Development Bank. Read more

2013 German solar thermal market decline due to falling sales for combination space/water heating retrofits

Tuesday, 5.27.2014 - 9:53 (Solarserver)

According to an analysis published by Solarthermalworld, a fall in the market for retrofits of combination solar water and space heating systems is largely responsible for Germany's 11% fall in solar thermal market volume in 2013. In 2013, Germany installed only 1.05 million square meters of solar thermal collector area, its lowest level since 2007. But while all other major market segments remained steady or even increased, the number of combination retrofits fell 29% to 30,000. Read more

Indian solar PV plants report consistently high output in April 2014

Tuesday, 5.27.2014 - 8:52 (Solarserver)

India's solar photovoltaic (PV) plants commissioned under the nation's National Solar Mission (NSM) reported consistently high performance in April 2014, according to data released by the nation's Ministry of New Renewable Energy (MNRE). While output was generally similar to both March 2014 and April 2014, there were fewer low-performing PV plants across all categories. As was the case in previous months, plants commissioned under NSM phase 1 batch 2 were the highest performing, with all but one reporting capacity utilization factors (CUFs) in the 21–28% range. Read more

DOE highlights success with concentrating solar power technology through loan guarantee program

Tuesday, 5.27.2014 - 7:12 (Solarserver)

The U.S. Department of Energy (DOE) has put out a new report on concentrating solar power (CSP) in the United States, which highlights the five large concentrating solar power (CSP) plants totaling 1.25 GW which either came online in the nation in late 2013 or are projected to be completed in 2014. “2014: The Year of Concentrating Solar Power” notes that this will increase the nation's CSP capacity four-fold. These five projects were all supported by the DOE's Loan Guarantee Program, with a total of USD 5.05 billion in federal guarantees backing private loans for the projects. Read more

Securing the UK’s Offshore Lead

Tuesday, 5.27.2014 - 11:36 (Renewable Energy World)

One of the few highlights in an otherwise relatively muted 2013 renewable energy market has been offshore wind in the UK. Furthermore, 2014 is shaping up to be a pivotal year for the sector. Read more

RusHydro Starts-Up New 640-MW Unit at Sayano-Shushenskaya, Two More Coming Soon

Tuesday, 5.27.2014 - 21:20 (Renewable Energy World)

JSC RusHydro, Russia’s largest power-generating company, has announced that a new 640-MW hydropower unit has been commissioned at the company’s Sayano-Shushenskaya hydropower plant (HPP), in addition to the other 8 hydropower units in operation at the plant. Read more

REC Solar warns that UK policy changes will damage the nation's solar PV market

Tuesday, 5.27.2014 - 8:58 (Solarserver)

Citing the example of market problems in Germany, REC Solar ASA (Oslo) says that the uncertainty which is being introduced by the UK Department of Energy and Climate Change's (DECC) proposed policy changes will impact the nation's entire solar photovoltaic (PV) market. Earlier in May 2014, DECC proposed closing off the Renewables Obligation (RO) to PV plants larger than 5 MW starting in April 2015, as well as creating a separate feed-in tariff band for rooftop PV plants over 50 kW. Read more

UK firm launches first Sharia-compliant green energy project

Tuesday, 5.27.2014 - 16:14 (Solarpowerportal)

UK-based Simply Sharia has launched a green energy scheme that will sell Renewable Obligation certificates and electricity to the grid in partnership with Gardner Asset Management LLP (GAMllp) and Shariyah Review Bureau (SRB). Read more

Former Banker Will Now Oversee Renewable Energy in India

Tuesday, 5.27.2014 - 14:46 (Renewable Energy World)

Indian Prime Minister Narendra Modi appointed a former banker to oversee coal, power and clean-energy reforms in a move aimed at resolving fuel bottlenecks and chronic blackouts hampering economic growth. Read more

NextEra latest company to lodge PV complaint against Spanish government

Tuesday, 5.27.2014 - 13:55 (PV-Tech)

US firm NextEra Energy has filed a complaint against the Spanish government with the International Centre for Settlement of Investment Disputes (ICSID) for policy changes that limit PV investors’ returns. Read more

Modi appoints new energy minister

Tuesday, 5.27.2014 - 13:52 (PV-Tech)

India has appointed Piyush Goyal as its new energy minister. Read more

German PV jobs fell by almost 50% in 2013, more losses expected

Tuesday, 5.27.2014 - 13:35 (PV-Tech)

The number of workers employed by the German PV industry fell by almost 50% last year, according to figures released on Monday by the German energy and economics ministry. Read more

Regen SW launches service to help renewable developers share grid reinforcement costs

Tuesday, 5.27.2014 - 12:56 (Solarpowerportal)

Regen SW is attempting to boost local renewable energy deployment by fostering partnerships between companies with a shared interest in reducing grid reinforcement costs. Read more

Sunlabob forges Myanmar PV partnership

Tuesday, 5.27.2014 - 12:38 (PV-Tech)

Rural renewable energy specialist, Sunlabob, has forged a partnership with Myanmar-based sustainable energy firm Relitec to develop clean energy provision in the Southeast Asian country. Read more

Debunking the Myths of Ohio's Proposed Clean Energy "Freeze"

Tuesday, 5.27.2014 - 11:30 (Renewable Energy World)

Mere hours after the polls closed on the Ohio primaries, the Legislature proved to the good people of the Buckeye State that it intends to move further and further away from representing the best interests of voters. Read more

AEG to supply Protect.SC storage converter for battery projects in Europe, United States

Tuesday, 5.27.2014 - 9:06 (Solarserver)

AEG Power Solutions (Warstein-Belecke, Germany) reports that it has received several orders for its Protect.SC storage converter for use in large grid-tied battery energy storage systems in Europe and the United States. These orders include a deal to supply a 500 kVA Protect.SC storage converter to Vanadis Power GmbH (Nürnberg, Germany) for a vanadium-redox flow battery system in Northern Germany. With a capacity greater than 1 megawatt-hour (MWh), this is one of the largest battery systems in the region. Read more