Solar Markets & Finance News

Merchant solar becoming real in Canada
German developer JP Joule is set to begin construction of a 25.4 MW solar plant to sell power on the spot market as part of a diversified plant portfolio. The facility, in the province of Alberta, will expand the increasing list of unsubsidized projects announced in the region in recent months.
Oct 25, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Canada, Canadian Solar, North America, alberta, JP Joule, David Pichard, GP Joule Canada, GP Joule
Sungrow makes further inroads in US market with bankability rating
At the recent Solar Power International trade show in Salt Lake City, Utah, part of the larger North America Smart Energy Week, pv magazine met with Hank Wang, President of the Americas Region at the Chinese inverter manufacturer Sungrow. The company expects to ship 2 GW of products to North American markets this year with utility-scale products making up the bulk of these shipments.
Oct 25, 2019 // Manufacturing News, Markets & Finance News, USA, Sungrow, utility-scale, North America, Hank Wang
Trina the only solar winner in Colombian energy auction
The Colombian government has revealed more details of the renewable energy procurement exercise finalized on Monday. Chinese manufacturer Trina was the bidder behind all three successful solar projects in the auction.
Oct 25, 2019 // Manufacturing News, Markets & Finance News, South america, auction, Trina, Colombia
Bangladeshi solar mini grids threatened by fossil fuel commitments
In racing to provide access to electricity to all its citizens, the government has commissioned extensive coal, gas and nuclear generation capacity and the solar sector fears an ever-expanding national grid will kill the business case for solar in previously off-grid areas.
Oct 25, 2019 // Markets & Finance News, Grids, Policy, Bangladesh, Asia, ACWA Power, Siddique Zobair
First Solar sold out through the second quarter of 2021
‘Solar Module Super League’ (SMSL) member, First Solar said it was sold out of thin-film cadmium telluride (CdTe) solar modules through the second half of 2021 as the company continues to ramp its Series 6 larger-area modules.
Oct 25, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Markets & Finance News, USA, First Solar, pv power plants, Mark Widmar, North America, first solar inc, cdte thin-film modules
Storage ITC could be ‘more impactful’ than any other policy
A standalone Investment Tax Credit (ITC) for energy storage in the US holds the potential to be more immediate and impactful than any other policy, the head of the US national Energy Storage Association has said.
Oct 25, 2019 // Markets & Finance News, Storage, Policy, USA, storage, ENERGY STORAGE, North America, Kelly Speakes-Backman, investment tax credit
DE Shaw buys 180MW project duo from First Solar in Utah
DE Shaw Renewable Investments has purchased two neighbouring PV projects in Utah contracted to provide power to Facebook from developer First Solar.
Oct 25, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Markets & Finance News, California, USA, First Solar, utility-scale PV, Utah, North America, Facebook, PacifiCorp, d. e. shaw renewable investments
Opposition party pledges to nearly treble UK solar capacity in 10 years
The UK’s opposition Labour Party has pledged to almost treble the country’s solar PV capacity, taking it to 35GW by 2030.
Oct 25, 2019 // Markets & Finance News, Policy, UK, solar pv, Europe, solar-plus-storage
Tesla’s solar installs bounce back in Q3 with no sales force
Tesla reported a bounce back in solar installations in the third quarter of 2019, while energy storage installs reached a new record high. The company is also launching a third-generation residential roof system ahead of a volume production ramp.
Oct 25, 2019 // Manufacturing News, Residential, Markets & Finance News, Storage, Rooftop PV, USA, TESLA, Elon Musk, solar-plus-storage, North America, Zachary Kirkhorn
DSD raises US$250 million to support PV growth in 2020
Distributed Solar Development (DSD), a business backed by BlackRock Real Assets’ Global Renewable Power platform and GE Renewable Energy, has closed on a US$250 million fund financed by Morgan Stanley, Silicon Valley Bank and Fifth Third Bank that will be utilised to fund a portfolio of distributed generation projects through 2020.
Oct 25, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, BlackRock, North America, GE Renewable Energy, distributed solar development, Erik Schiemann, Jorge Iragorri, Morgan Stanley
D.E. Shaw acquires 180 MW of Utah solar from First Solar
D. E. Shaw Renewable Investments (DESRI) announced it has acquired First Solar’s Cove Mountain and Cove Mountain 2 projects in Iron County, Utah. The acquisition of the two projects, the sales of which were previously disclosed by First Solar and which total 180 MWAC in capacity, nearly doubles DESRI’s portfolio of First Solar-developed projects to over 360 MWAC.
Oct 23, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, China, First Solar, Asia, North America, Georges Antoun, D.E. Shaw, Bryan Martin
Enel leaps up solar developer global ranking after project spree
The Italian fossil fuel company is not hanging around when it comes to diversifying into PV, with almost 1.5 GW of generation capacity plugged in since the start of last year.
Oct 23, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Markets & Finance News, USA, Canada, Singyes Solar, Canadian Solar, Italy, China, Enel, First Solar, Latin america, Europe, Asia, SunEdison, North America, NextEra Energy, Wiki-Solar, Enerparc
Namibia launches EPC tender for 20 MW solar project
The nation’s Central Procurement Board, on behalf of utility NamPower, has announced a tender to select an engineering, procurement and construction services contractor.
Oct 23, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, tender, Africa, Namibia
Lightsource BP closes financing on first utility-scale Australia project, boasts bifacial prominence
Lightsource BP has signed financing agreements to develop its maiden utility-scale solar project in Australia.
Oct 23, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Canadian Solar, Australia, pv power plants, solar pv, bifacial, Lightsource BP, Adam Pegg, Oceania, finance
Sofdesk acquires solar sales proposal platform Energy Periscope
Sofdesk, parent company of end-to-end solar software provider Solargraf, has acquired solar sales proposal platform Energy Periscope. On Oct. 21, Solargraf announced its lead generation business would be acquired by Wave Solar.
Oct 22, 2019 // Markets & Finance News, Software, Canada, North America, Sofdesk, Solargraf, Energy Periscope, Wave Solar, Lennie Moreno