News

The Israeli inverter manufacturer saw its net profit decline 4% year-on-year to $33.1 million in the second quarter, despite shipping 1.3 GW and seeing a 43% increase in turnover. Gross margins were affected by the increase in U.S. tariffs on China made products.

Dominion Energy Virginia is seeking bids for up to 500 megawatts of solar generation in both 2021 and 2022 to continue moving the Commonwealth toward a clean energy future.

Hyundai has released a version of its Sonata hybrid that has solar panels to help charge its battery.

Australian renewables developer Windlab has connected and energized its landmark energy park in northern Queensland, comprising 43 MW of wind, 18 MW of solar and a 4 MWh battery.

The projects will be tendered under single-round competitive bidding processes, supervised by the European Bank for Development and Reconstruction.

The average price guaranteed to the winners of the tender’s sixth window is €64/MWh. For installations above 5 MW, the price is €59.5/MWh, which is higher than the fifth window.

A consortium led by Jinko Power and Korea Electric Power Corp., as well as another group led by Japanese conglomerate Marubeni and French energy group Total, have submitted bids for Qatar’s 700 MW solar tender. The final results will be announced in September.

A consortium led by Metito Utilities, JinkoSolar and Al Jomaih Energy and Water has won a tender to build a 45-55 MW grid-tied solar plant with a bid of $0.0749/kWh — the lowest ever seen in Bangladesh.

UNSW Sydney has announced the looming completion of the Sunraysia Solar Farm in Australia. The university is now on track to run on 100% renewable energy from 2020, as the massive 255 MW project will be operational by the end of this year, with 25% of its generation to be purchased by UNSW.

Railway operators can now feasibly connect solar plants to traction substations, claims a consortium that is now working on a similar demonstration project in the U.K. Almost all of the 30 kW installation’s output will be used to move trains, but in the future storage could come into the picture for larger “railway-connected” solar power projects, says 10:10, the U.K.-based climate change charity that developed the pilot.

According to a new report by BNP Paribas Asset Management, renewables offer more advantages than simply mitigating climate change. Electricity is easier to transport than oil, and wind and solar electricity prices are much more stable than volatile oil prices. An analyst from the French bank argues that major producers will need to reduce oil prices below $20 to compete with clean energy in the transport sector.

First Solar reported a bumper quarter during Q2 by most metrics. The company’s net sales of $585 million were nearly double the previous year, on shipments 1.4 GW of product – the most in its history. Additionally, First Solar booked more than 2.1 GW of orders in July alone, a very positive start to Q3.

Jair Bolsonaro has given the green light to a new solar scheme in Brazil’s northeast, marking its launch as he attended the opening of a separate floating project.

Energy provider New Jersey Resources (NJR) is selling US$150 million of green bonds to finance six commercial solar plants with a combined capacity of 50MW.

Major China-based polysilicon producer, Xinte Energy has signalled a significant decline in expected profits for the first half of 2019, due to polysilicon ASPs declining 43% from the prior year period.