Major PV inverter manufacturer SMA Solar Technology came through another tough year with unit volume sold a record 8.23GW in 2016 but ASP pressure ensured sales were down. The bright spot was its commercial solar business unit, which bucked lower sales in the residential and utility-scale sectors with 27% growth, year-on-year.
The European Investment Bank (EIB) is to supply State Bank of India with a €200 million (US$214 million) 20-year loan to support €650 million of investments in five utility-scale solar PV projects in India.
Monocrystalline wafer producer Comtec Solar Systems Group has more than doubled expected losses for 2016, due to further write-downs on its Malaysia manufacturing facility with the pending sale of the facility to leading mono wafer supplier, LONGi Green Energy Technology.
This week's Movers & Shakers features new CEOs and the inauguration of new international offices. Sunworks and the Australian CEFC both welcome new CEOs and Enel Green Power North America opens its new office in Massachusetts, with Array Technologies expanding Down Under.
The Asian Development Bank (ADB) has approved a US$175 million loan to India’s major network operator and utility Power Grid Corporation of India (Powergrid) relating to solar park transmission.
Asia Clean Capital (ACC) has partnered with LONGI Solar Technology, a wholly-owned subsidiary of mono specialist LONGI Green Energy Technology, to co-develop 300MW of rooftop solar in China.
Solar power company Canadian Solar announced Thursday that its wholly-owned subsidiary Canadian Solar Projects K.K. has entered into a three-year credit agreement with Sumitomo Mitsui Finance for US$35 million.
PV solar systems provider First Solar announced Thursday that it has completed the sale of the cash equity interests in the 250MW Moapa Southern Paiute Solar Project in Nevada to private asset manager Capital Dynamics.
