Subject to regulatory risks and financing issues, the potential for solar deployment in Sub Saharan Africa is exponential, with the rooftop sector set to explode, according to Solarcentury’s Daniel Davies and other panel experts at this year’s Solar Energy UK | Clean Energy Live show.
Independent power producer sPower said it had secured a tax equity investment and syndicated construction and term loan facility totalling US$786 million to build 9 solar projects in Lancaster, California with a capacity of 339MW.
Credit ratings firm Fitch has praised Argentina’s RenovAR program for solar and wind utility-scale project plans, due to its structure that addresses legal and off-take risks.
Leading PV manufacturing equipment supplier Meyer Burger Technology said it had been awarded new tool orders from two existing customers in Europe and Asia valued at CHF15 million (US$15.3 million).
Indian solar power producer Azure Power announced Tuesday that it has agreed to a long-term, low-cost debt financing facility of US$20 million with the US government’s finance organisation — the Overseas Private Investment Corporation (OPIC).
Solar PV developer 8minutenergy Renewables said it had started operations in Texas to develop and acquire over 2GW of utility-scale PV power plant projects in the state.
PV and polysilicon manufacturing equipment specialist centrotherm photovoltaics has withdrawn its earnings forecast for fiscal year 2016, due to PV manufacturers postponing capital expenditure (capex) plans on overcapacity and rapid price declines.
Texas electricity provider TXU Energy announced a limited-time instant rebate for residential consumers who buy SunPower PV rooftop systems through the company. In addition, TXU Energy unveiled a new plan to boost net metering credits for customers.
Wolverine Power Cooperative announced that one of its member-owners — Spartan Renewable Energy — will start construction this fall on a 1.2MW PV array in Cadillac, Michigan, across from Wolverine’s headquarters facility.
Crystal growth equipment supplier GT Advanced Technologies (GTAT) said it had accepted the resignation of CEO, Dave Keck and appointed board member and former employee, Greg Knight as its new CEO.
