Dubai-based solar financing company Adenium Energy Capital and California-based renewables firm RAI Energy International have started commercial operation of a 20MW solar PV project north of Amman in Mafraq, Jordan.
Leading global ‘Silicon Module Super League’ (SMSL) member JinkoSolar has officially announced that it is withdrawing from the EU minimum import price agreement, following a number of major China-based PV manufacturers and Taiwan-based producers.
Renewable energy firm BayWa r.e has partnered with US PV project developer, Geenex Solar to build 350MW of PV power plant projects across North Carolina and Virginia. BayWa r.e. will provide turn-key engineering, procurement, construction, financing and O&M services.
Integrated PV module manufacturer SolarWorld is offering US solar installers commercial project funding resources amounting to US$225 million, guaranteed by REC Solar majority-owner Duke Energy, in California, Hawaii and the Northeast states of Maryland, Massachusetts, New Jersey and New York.
A total of 12 projects have been awarded funding in Australia’s breakthrough utility-scale solar funding round, with AU$91 million set aside for 482MW of capacity.
Tamil Nadu Electricity Regulatory Commission (TNERC) has approved plans for the state utility to procure another 500MW of solar power to make up for a projected shortfall in reaching its solar Renewable Purchase Obligations (RPO).
According to Deutsche Bank’s US market analyst Vishal Shah, strong PV manufacturing capacity expansion growth in the second half of 2016 and 2017 is expected to lead to a global 16% solar module oversupply through the period.
India-based PV module manufacturer Vikram Solar has revealed plans to expand capacity to 2GW by 2019, up from recently completed expansions that have taken nameplate module capacity to 500MW.
Renewables firm SunEdison currently in Chapter 11 bankruptcy proceedings said in a SEC filing that it had received around 100 bids for parts and all assets of the company, yet the ‘sum of the parts’ equated to approximately US$1.25 billion to US$1.7 billion of potential total gross proceeds, far below incurred debts estimated at almost US$12 billion, excluding its two yieldco’s.
Ohio-based racking and mounting equipment installer Solar FlexRack has installed its TDP turnkey tracker solution in Nebraska’s largest solar PV plant.
