USA
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
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
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
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
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
Duke Drops Largest Solar Project in North Carolina Procurement — Its Own
The cancellation of an 80-megawatt project with no financial penalty raises questions about a monopoly utility competing against private developers.
Aug 6, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, USA, North Carolina, Duke Energy, Randy Wheeless, Chris Carmody, Accion Group, Cypress Creek Renewables, utilities, North America
Ormat starts operation at unique hybrid geothermal-solar power plant in Nevada
Supported by an innovative portfolio contract with its power purchasers, Ormat Technologies has now started commercial operations of its innovative hybrid solar-geothermal power plant at Tungsten Mountain, Nevada.
Aug 5, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Solar, USA, Nevada, Geothermal, hybrid, Ormat Technologies, power plant, Tungsten Mountain, North America
Third-party solar markets will win from US-China trade war — Fitch
The global power and renewable energy market is expected to remain largely unaffected by the Trump administration’s new wave of tariffs on Chinese goods. Although shipments of Chinese modules into the U.S. market are falling, Chinese manufacturers sent more panels to overseas markets in the first half of this year than they did in the same period of 2018. Analysts from Fitch, meanwhile, claim the U.S. solar market will continue to expand, despite higher project costs.
Aug 5, 2019 // Large-Scale, Tariffs, Policy, Solar, USA, China, Fitch, PV panels, Trump, solar market, Asia, North America
Ultra-low solar bid of $0.01997/kWh in the US – not quite so sunny
PV technology has made significant progress in a short amount of time, leaving solar enthusiasts chuffed. Opponents, on the other hand, brand it as unworkable boondoggle, surviving on the crutches of subsidies and only salving the conscience of the green-minded companies cosseted by political forces. The naysayers do have partial truth in their argument - governments the world over have been supporting the growth of this child with the moniker “solar” with public finances. So, this is the partial truth and the enthusiasts have just enough firepower to say that all energy is, after all, subsidised one way or another – in terms of uncompensated costs of air pollution, congestion and global warming and the consequential irreversible damage these fossil fuels have done to the planet. Perhaps more important and statistically relevant is a report published by the IMF in 2015, which had pegged subsidies to fossil fuels at US$5.3 trillion.
Aug 5, 2019 // Manufacturing News, Plants, Large-Scale, Commercial, Solar, USA, bifacial, monocrystalline, ssfusa, North America
US sanctions to redirect Chinese PV supply towards Europe, Asia
Ongoing US-China trade tensions will not ruin solar fortunes on either side as players adapt by redrawing the lines of global supply flows, Fitch Solutions has predicted.
Aug 5, 2019 // Manufacturing News, Markets & Finance News, Policy, Solar, USA, India, China, Fitch, solar pv, trade sanctions, Asia, North America
Power Energy Corporation buys Nautilus Solar Energy
Power Energy Corporation, a subsidiary of Power Corporation of Canada, has bought developer and asset manager Nautilus Solar Energy from management shareholders and minority shareholder Virgo Investment Group for an undisclosed sum.
Aug 2, 2019 // Markets & Finance News, USA, Canada, nautilus, Power Energy Corporation, Power Corporation of Canada, North America
Enphase Energy microinverter shipments in Q2 surpass 1.2 million
Leading microinverter supplier, Enphase Energy shipped over 1.2 million units in the second quarter of 2019, with its latest IQ 7 model accounting for around 98% of shipment total.
Aug 2, 2019 // Manufacturing News, Markets & Finance News, Inverters, USA, SunPower, Australia, Enphase Energy, microinverters, rooftop, Inverters, Oceania, North America
Capital Dynamics grows Nevada portfolio with solar-plus-storage foray
Global asset management firm Capital Dynamics has purchased an 180MWac / 231MWdc solar project that includes a 90MWac / 360MWh energy storage facility in Boulder City, Nevada for an undisclosed sum.
Aug 2, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Solar, Capital Dynamics, USA, Nevada, Skylar Townsite LLC, Gigawatt 1, Rob Roy, Adam Kramer, North America
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