Solar Markets & Finance News

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

Metito wins 45-55 MW Bangladesh project with $0.07/kWh bid

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.

Aug 6, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Canadian Solar, tender, JinkoSolar, Metito Utilities, Al Jomaih Energy and Water, Bangladesh, grid-tied PV, Asia, BPDB, WAC Logistics and Jiangsu Zhongtian Technology, SREDA

First Solar’s great ramp forward

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.

Aug 6, 2019 // Manufacturing News, Markets & Finance News, USA, SEIA, China, First Solar, Trump, Mark Widmar, Asia, North America

Bolsonaro clears Brazilian solar scheme at floating plant launch

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.

Aug 6, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Grids, Floating PV, floating PV, South america, Latin america, Brazil, solar water pump, jair bolsonaro, Bento Albuquerque, Gustavo Canuto, Chesf, floating plant

New Jersey Resources to issue US$150m green bond for 50MW of solar

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.

Aug 6, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, New Jersey, solar pv, ssfusa, green financing, new jersey resources, financial results, clean energy ventures, North America

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