AEG PS begins restructuring with bondholder approval

Thursday, 5.8.2014 - 17:57 (Solarserver)

Bondholders of AEG Power Solutions (Zwanengburg, The Netherlands) parent company 3W Power SA (Luxembourg) have approved the restructuring of the company's EUR 100 million (USD 140 million) corporate bond. The bond restructuring is part of a larger financial and operational restructuring which the company is undertaking, and it is unclear how this will affect AEG PS' inverter and power controller (POC) businesses. Read more

IHS: European inverter manufacturers gained US foothold in 2013

Thursday, 5.8.2014 - 13:33 (PV-Tech)

Aggressive targeting of the US PV inverter market by European suppliers has led to a fragmented supplier base, while revenues from inverters in the US, China and Japan leaped by US$1.7 billion in 2013, according to new analysis by IHS. Read more

Shunfeng targets 900MW of UK PV projects by 2015

Thursday, 5.8.2014 - 13:15 (Solarpowerportal)

China-based photovoltaics energy provider, Shunfeng Photovoltaic International, is working with German EPC firm, Greenfield Solar International, to build solar farms in the UK totalling 900MW by the end of 2015. Read more

Shunfeng targeting 900MW of UK PV projects using Wuxi Suntech solar modules

Thursday, 5.8.2014 - 13:11 (PV-Tech)

China-based photovoltaics energy provider, Shunfeng Photovoltaic International, is working with German EPC firm, Greenfield Solar International to build PV power plants in the UK totalling 900MW by the end of 2015. Read more

Solar equipment orders improve at Amtech

Thursday, 5.8.2014 - 19:03 (PV-Tech)

PV equipment specialist, Amtech Systems reported new order intake in the first quarter of 2014 and Amtech’s second fiscal quarter of US$21.5 million, the highest levels in three years, according to the company. Read more

Order Focus: Yingli Green supplying modules to Tekno Ray Solar in Turkey

Thursday, 5.8.2014 - 17:15 (PV-Tech)

Yingli Green Energy is to supply Turkish project developer, Tekno Ray Solar with multicrystalline PV modules totalling 30MW through the first quarter of 2015. Read more

Barker: Solar consultation will be published ‘shortly’

Thursday, 5.8.2014 - 16:47 (Solarpowerportal)

The minister for climate change Greg Barker has confirmed that the government will issue a consultation over changes to solar’s support under the Renewable Obligation (RO). Read more

Shunfeng and Greenfield partner to build up to 900 MW of solar PV projects in the UK

Thursday, 5.8.2014 - 15:42 (Solarserver)

Shunfeng Photovoltaic International Ltd. (Changzhou, China) has entered into a cooperation with Greenfield Solar International & Co. KG (Breitenbrunn, Germany) to build utility-scale solar photovoltaic (PV) projects in the UK. Shunfeng aims to build up to 400 MW of PV projects in 2014 and another 500 MW in 2015, with subsidiary Wuxi Suntech (Wuxi, China) serving as the exclusive module supplier for these projects. Read more

SunEdison shows strong growth, completes 150 MW-DC of solar PV projects in Q1 2014

Thursday, 5.8.2014 - 15:07 (Solarserver)

In one of its strongest quarters to date, SunEdison has reported a 61% year-over-year increase in revenues in its Solar Energy division to USD 340 million in the first quarter of 2014. The company also reported a -18% operating margin. SunEdison completed 150 MW-DC of solar photovoltaic (PV) projects during the quarter, nearly three times what it built a year prior, and retained 74 MW-DC of these. Read more

Dominion gains two 16MW solar plants in Tennessee

Thursday, 5.8.2014 - 14:21 (PV-Tech)

One of the US’ largest energy producers, Dominion, has acquired two solar power projects in the state of Tennessee, with a total output of 32MW. Read more

SolarCity bullish on 2014 and 2015 business growth

Thursday, 5.8.2014 - 14:15 (PV-Tech)

The largest US solar installer, SolarCity, booked a record number of future installations in the first quarter of 2014 and raised its full-year installation guidance to between 500MW to 550MW. Read more

How to Phase Out Incentives and Grow Solar Energy

Thursday, 5.8.2014 - 13:35 (Renewable Energy World)

Over the next decade, solar electricity will let consumers get cheaper energy from their rooftop than from their utility. Among the upheaval in the electricity system, the coming of solar "grid parity" means re-thinking incentives for solar energy. The success of solar is remarkable, no less because the amount of federal subsidy in absolute terms h Read more

Neo Solar Power’s sales in April reach new record high

Thursday, 5.8.2014 - 12:15 (PV-Tech)

Leading merchant solar cell producer, Neo Solar Power Corporation (NSP) has reported a new historical high in monthly shipments and expects the trend to continue due to strong demand and rising ASPs. Read more

Canadian Solar overcomes polar vortex impacts with stronger Q1 sales

Thursday, 5.8.2014 - 12:09 (PV-Tech)

Major photovoltaics energy provider Canadian Solar has revised upwards shipments and revenue guidance for the first quarter of 2014, ahead of releasing results on 16 May. Read more

Canadian Solar reports shipments, revenues above guidance in Q1 2014

Thursday, 5.8.2014 - 9:06 (Solarserver)

Canadian Solar Inc. (Guelph, Canada) has increased its expected solar photovoltaic (PV) module shipments and revenues in the first quarter of 2014, in selected preliminary results. The company now estimates PV module shipments in the 490–500 MW range, compared to its guidance of 470–490 MW. Additionally, it expects revenues from USD 460–470 million, well above its guidance of USD 415–430 million. Read more

JinkoSolar maintains Q1, full year 2014 shipment guidance

Thursday, 5.8.2014 - 9:02 (Solarserver)

JinkoSolar Holding Co. Ltd. (Shanghai) has reaffirmed its guidance for the first quarter and full year 2014, expecting 440–470 MW of solar photovoltaic (PV) module shipments in the first quarter and 2.3–2.5 GW over the full year. The company also expects to develop more than 400 MW of projects during 2014. JinkoSolar will release first quarter 2014 financial results on May 27th. Read more

SMA inverters chosen for 40 MW of solar PV plants in Tennessee

Thursday, 5.8.2014 - 9:00 (Solarserver)

Strata Solar LLC (Chapel Hill, North Carolina, U.S.) has chosen SMA Solar Technology AG (Niestetal, Germany) to supply inverters for two 20 MW-DC solar photovoltaic (PV) plants in the U.S. state of Tennessee. SMA will supply 36 Sunny Central 800CP-US inverters for the Selmer and Mulberry PV plants, which Strata Solar expects to complete in December 2014. Electricity from the plants will be sold under prices set by the Tennessee Valley Authority's (TVA) Renewable Standard Offer program. Read more

NRG moves 40 MW of solar PV to yieldco

Thursday, 5.8.2014 - 8:56 (Solarserver)

NRG (Princeton, New Jersey, U.S.) has announced that it will transfer two solar photovoltaic (PV) plants, each 20 MW in capacity, to its yieldco vehicle. The two and a 550 MW natural gas-fired plant will serve as NRG Yield's first Right of First Offer (ROFO) acquisitions. The TA High Desert and RE Kansas South PV plants are both located in Southern California. NRG Yield will pay NRG USD 349 million in cash for the three plants, along with the assumption of USD 657 million in project debt. Read more

SolarCity reports record bookings, doubling of revenues in Q1 2014 results

Thursday, 5.8.2014 - 0:06 (Solarserver)

SolarCity Corp. (San Mateo, California, U.S.) has released first quarter 2014 results, reporting record bookings of 136 MW, as well as increasing deployments 78% year-over-year to 82 MW. The company more than doubled quarterly revenues on a year-over-year basis to USD 63.5 million, and forecasts USD 1.29 billion in cash remaining from all energy contracts after tax equity commitments and operations and maintenance as of the end of the quarter. Read more

Green Energy News Review: $1 trillion invested in unusable oil

Thursday, 5.8.2014 - 17:08 (Solarpowerportal)

In today’s edition: The Carbon Tracker Initiative reveals that big oil companies might be wasting billions of dollars of investments, fracking causes more controversy on both sides of the Atlantic; and a study at Cambridge University reveals a massive legal loophole in the nuclear power agreement between EDF and the UK coalition government. Read more

New England Offshore Wind Developer Announces Protections for Whales

Thursday, 5.8.2014 - 16:03 (Renewable Energy World)

We need look no further than the ocean to understand the urgent need to drastically reduce the carbon pollution caused by our addiction to fossil fuels. It is fueling ocean acidification, which is threatening the ability of some plankton, shellfish and coral to form skeletons — all of which form the base of the underwater food chain or provide important habitat for many species. Meanwhile, it is also contributing to climate change, which is raising ocean temperatures — bleaching coral reefs, displacing and even killing off sea life. It’s a one-two punch that is hitting the world’s oceans hard. Read more

A US Wind Energy Boom? Don't Bet On It

Thursday, 5.8.2014 - 13:30 (Renewable Energy World)

For all the talk of boom and bust in the U.S. market, it’s apt that AWEA 2014 opened in Las Vegas this week. Read more

Mexico’s Newly Opened Energy Market Attracts Renewables

Thursday, 5.8.2014 - 14:12 (Renewable Energy World)

It is a good time to be in the renewable energy business in Mexico since landmark energy reform opened up the electricity market and prioritized renewables. The government has an ambitious 12-year goal for renewable energy production, and private equity funds and development banks have millions of dollars ready to allocate to clean energy. Read more

Wacker and OCI battle for China polysilicon market share - EnergyTrend

Thursday, 5.8.2014 - 13:38 (PV-Tech)

Competition between two of the leading solar polysilicon producers, Wacker Chemie and OCI, looks set to intensify as the two vie for increased market share in China, according to analysis from EnergyTrend. Read more

Financial sector’s disinvestment from fossil fuels ‘functionally impossible’

Thursday, 5.8.2014 - 13:26 (PV-Tech)

At an event on climate change yesterday, Peter Pereira Gray, managing director of Wellcome Trust Investment, said renewables funding is hindered by public demand for fossil fuels. Read more

Green Energy Technology reported revenue of US$38.5 million in April

Thursday, 5.8.2014 - 13:19 (PV-Tech)

Major Taiwan-based solar wafer producer, Green Energy Technology (GET) has reported a slight rebound in revenue for the month of April after shorter working month of March due to Chinese New Year. Read more

Bidding opens for up to 200MW of energy storage in Hawaii

Thursday, 5.8.2014 - 12:28 (PV-Tech)

Utility Hawaiian Electric is seeking proposals for large-scale energy storage systems to ease the integration of renewable energy sources, to be installed on the island of Oahu. Read more

House of Lords: UK should do more to unlock ‘substantial benefits’ of shale gas

Thursday, 5.8.2014 - 11:48 (Solarpowerportal)

The House of Lords is concerned that the government is not doing enough to unlock the “substantial benefits” of shale gas in the UK. Read more

Tesla’s Battery Plant Boosted as Panasonic Signs Letter of Intent

Thursday, 5.8.2014 - 16:29 (Renewable Energy World)

Elon Musk’s plans for a battery plant so big it will cut the cost of lithium-ion cells for Tesla Motors Inc. electric cars by 30 percent are advancing as Panasonic Corp. signed a letter of intent to join the project. Read more