Solar Markets & Finance News
New alliance to expand floating PV in Southeast Asia
Pestech, a Malaysia-based electrical power technology company, has entered into a partnership with Chinese inverter maker Sungrow to jointly develop new floating solar solutions.
Aug 8, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Markets & Finance News, Inverters, Floating PV, Malaysia, Sungrow, floating PV, inverter, Pestech
Why are prices rising in France’s utility-scale PV tenders?
Earlier this week, the French government published a list of winning projects for the sixth round of its tender for large-scale solar. There were a few changes from the preceding round, with French companies such as Urbasolar, Engie and Total consolidating their positions. However, even though a higher number of projects were submitted, prices increased slightly in the end. In a short conversation with pv magazine, Xavier Daval — a representative of SER, the French renewable energy association — explained the reasons for this.
Aug 8, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, France, Germany, Engie, tender, utility-scale PV, Europe, Total, Urbasolar, Xavier Daval, CRE, Enerparc
Top Spanish bank backs fully merchant 79.2MW PV project
One of Spain’s largest banks has gotten behind a utility-scale solar portfolio, planned without support from auctions nor power purchase agreements (PPAs).
Aug 8, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Spain, Renovalia, Banco Sabadell, Europe, subsidy-free solar, subsidy-free pv, unsubsidised, merchant solar, renovalia energy, J&A Garrigues, Luxcara
Argentina allocates 96.7 MW of PV in ‘mini’ auction
Of the 38 new renewable energy projects that have been awarded, 13 are PV plants, representing 96.75 MW of capacity. The average price for solar was $57.58/MWh, and the minimum was $54.22/MWh.
Aug 7, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Tariffs, Portugal, PV plants, Argentina, cammesa, Brazil, installations, auction
SolarEdge forced to increase expedited shipping through Q2 2020 on sustained demand growth momentum
Major PV inverter manufacturer, SolarEdge Technologies has been forced to accelerate expedited shipping via air freight, despite a 25% increase in manufacturing capacity as the company continues to set quarter sales records.
Aug 7, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Residential, Markets & Finance News, Storage, Inverters, USA, Europe, solar-plus-storage, solaredge technologies, residential, commercial, industrial, power opitmisers, inverter
Vivint Solar secures US$325m debt refinancing deal
US residential solar installer Vivint has secured a US$325 million revolving warehouse facility to refinance existing debt.
Aug 7, 2019 // Residential, Markets & Finance News, USA, ssfusa, vivint, installer, residential solar, vivint solar, David Bywater, North America
Solar-plus-storage grid parity sweeps through top EU markets
The costs of residential solar-plus-storage have already dropped or will only take a few years to drop to nation-wide grid averages across key European markets, according to Wood Mackenzie.
Aug 7, 2019 // Plants, Large-Scale, Commercial, Residential, Markets & Finance News, Storage, Policy, ENERGY STORAGE, Spain, France, Germany, UK, Italy, Wood Mackenzie, Europe, solar-plus-storage, energy storage economics, solar economics, woodmac, stats, analysis
275MW solar-plus-wind-plus-storage superhub approved in South Australia
A monster A$500 million wind-solar-battery facility capable of generating 275MW has been greenlit by the South Australian government.
Aug 7, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Grids, Policy, Solar to Fuel, Australia, solar pv, queensland, neoen, hybrid park, hydrogen, solar-plus-wind-plus-storage, climate council, turbines, Oceania, Solar to Fuel, Solar to Hydrogen, Producing Hydrogen, Hydrogen from renewable, Renewable fuels
ET Solar is back in the US market
Six months after settling claims in the Chapter 11 bankruptcy case of its U.S. distribution subsidiary, the Chinese PV maker says it has signed more than 500 MW of U.S. module supply contracts.
Aug 7, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Markets & Finance News, California, USA, bifacial, ET Solar, Yuanfar and Wuxi Bardon Company, Alex Chen, mono-PERC, North America
Bord na Móna seeks EPC contractor for 90 MW PV project in Ireland
The wind power specialist has started prequalifying EPCs for the ground-mounted solar plant, which will be built near Timahoe North, County Kildare.
Aug 7, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Ireland, tender, Europe, IRENA, Bord na Móna, Electricity Supply Board, Terra Solar, ISEA
SolarEdge posts strong revenue increase, slight drop in net profit
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.
Aug 7, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Markets & Finance News, Inverters, USA, Inverters, Asia, SolarEdge, Israel, Gamatronic, Kokam, SMRE, North America
Dominion Energy Virginia seeks up to 500 MW of solar bids
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.
Aug 6, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, Virginia, Dominion Energy, The Solar RFP, North America
Armenia to tender five more large-scale solar projects
The projects will be tendered under single-round competitive bidding processes, supervised by the European Bank for Development and Reconstruction.
Aug 6, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, tender, Europe, Armenia, EBDR, Masrik 2 PV plant, the Gagarin PV plant
France allocates 858 MW in PV tender
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.
Aug 6, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, France, tender, Europe, installations, utility-scale, Elisabeth Borne
Qatari utility mulls jump to 800 MW tender as consortia submit bids
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.
Aug 6, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, tender, Asia, Jinko Power, Korea Electric Power Corp., Qatar, Marubeni, Total, Kahramaa, Siraj Solar Energy, IRENA
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