Solar Markets & Finance News

Portugal has unveiled the final results of the solar auction held over the summer, identifying a handful of major foreign winners of a tender hailed as a worldwide milestone.

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.

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.

One of Spain’s largest banks has gotten behind a utility-scale solar portfolio, planned without support from auctions nor power purchase agreements (PPAs).

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.

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.

US residential solar installer Vivint has secured a US$325 million revolving warehouse facility to refinance existing debt.

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.

A monster A$500 million wind-solar-battery facility capable of generating 275MW has been greenlit by the South Australian government.

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.

The wind power specialist has started prequalifying EPCs for the ground-mounted solar plant, which will be built near Timahoe North, County Kildare.

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.

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.