Azure Power and SunEdison will develop a 15MW solar photovoltaic power plant in Gujarat, India. The investment, for which Azure will stump up US$40 million, is being led by Overseas Private Investment Corp. (OPIC), an agency of the U.S. government, while World Bank arm IFC, and venture capital firms Helion Advisors and Foundation Capital are among others expected to get involved.
The Indian Government has warned that all companies that have been placed on the shortlist to qualify for incentives under the country's program to boost solar power generation will have to submit final bids by Nov. 16, reports Bloomberg.
CNPV Solar Power and AE Photonics have entered into an extended long-term strategic partnership agreement for the supply of 300MWp photovoltaic modules from 2011 to 2013. Under the terms of the agreement, CNPV will supply AE Photonics with 60MWp during 2011 and then deliver 96MWp and 144MWp in 2012 and 2013, respectively. This is the largest contract in the history of both companies.
Renewable energy engineering and construction company RMT has joined forces with Pilesgrove Solar, a joint venture between Panda Power Funds and Con Edison Development, in order to construct an 18MW solar energy facility located in Pilesgrove, NJ. Once complete, the plant is expected to be the largest in Northeastern America.
AllEarth Renewables has received a contract to install 382 of its AllSun Trackers at a solar farm in South Burlington, VT. The company said that final permits have been issued on the project, and construction is scheduled to begin in early November. The 2.2MW installation will be the largest solar array to date in Vermont and is anticipated to be operational on the 32-acre site by early 2011.
AllEarth Renewables has received a contract to install 382 of its AllSun Trackers at a solar farm in South Burlington, VT. The company said that final permits have been issued on the project, and construction is scheduled to begin in early November.
On hand in North Las Vegas, Nevada, Amonix was joined by state senators and representatives to break ground on a new 214,000 square foot manufacturing facility. Using the US$5.8 million American Recovery and Reinvestment Act manufacturing tax credit, Amonix will be using the new site to produce CPV solar power systems for Nevada and neighboring state installations.
CNPV Solar Power has entered into an extended long-term strategic partnership agreement with Standby Europe for the supply of 150MWp high performance photovoltaic modules from 2011 to 2013. Under the terms of this agreement, CNPV will supply Standby Europe with 40MWp of modules in 2011 and 50MWp and 60MWp in 2012 and 2013 respectively.
Innotech Solar (ITS) has now begun constructing its new solar cell production site located in the Eastern German city of Halle, laying the first foundation stone on October 27. The facility is expected to initially create 80 new jobs in the region, with plans to increase the number of employees as the site progresses. Innotech Solar was assisted in the investment process by Germany Trade & Invest and the Investment and Marketing Corporation (IMG) Saxony-Anhalt.
UPDATED: PV industry market leader First Solar reported third-quarter sales of US$797.9 million, a significant increase of second quarterly net sales of US$587.9 million, mainly due to the sale of the 60MW Sarnia Phase 2 utility project in Canada. The company noted that its CdTe thin-film module average selling prices (ASP) declined in the quarter, which impacted revenue figures.
