Solar Markets & Finance News

The facility will be developed under the World Bank’s Scaling Solar initiative on a public-private partnership basis in Herat province.

Leading US solar developer 8minute Solar Energy is to collaborate with Doosan GridTech to use advanced, predictive software controls to dispatch energy from solar-plus-storage plant in California.

Nordic renewables giant Statkraft has confirmed its entry into Ireland’s nascent solar power market, acquiring nine solar projects in the country.

One of the largest solar arrays in Vermont has a new owner.

Dominion Energy has acquired a 72-MW solar project still under construction in Beaufort county, South Carolina, from First Solar.

According to new research from Wood Mackenzie, non-residential storage system costs will fall by 27% in the United States over the next five years. The fall in system costs will help drive a more-than-tenfold growth in the U.S. non-residential storage market by 2024. Commercial and industrial customers with predictable, peaky loads are increasingly turning to storage to help manage demand charges.

SEIA announced that the Minnesota Solar Energy Industries Association (MnSEIA) is now a formal SEIA state affiliate. This past year, SEIA has also added state affiliate groups in Kentucky, Alabama and Vermont.

The Swiss solar equipment maker has already sold its corporate headquarters this week as it aims to generate a fighting fund until the hoped-for returns of a European PV manufacturing renaissance materialize.

The world’s solar superpower added only 16 GW of new generation capacity up to the end of last month, according to the head of the main industry association. Short of a ten-week miracle, the annual capacity figure seems set for a second consecutive steep annual decline.

The Norwegian power company acquired the projects for around $17.3 million. The transaction indicates interest in large scale solar is on the rise in Ireland and unsubsidized projects are viable.

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.

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.

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.

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.

‘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.