CIT Group’s Power and Energy unit has arranged approximately US$200 million in financing for a 76MW portfolio of community solar projects located across four US states.
International renewable energy provider GCL New Energy, a subsidiary of GCL-Poly has signed a deal to sell 7 operational solar power plants in China with an aggregate installed capacity of approximately 294MW to one of the five largest state-owned electric utility enterprises in China, China Huaneng Group.
‘Solar Module Super League’ (SMSL) member, LONGi Solar has reported a new record P-type monocrystalline PERC (Passivated Emitter Rear Cell) PV module conversion efficiency of 22.38%, culminating in an overall efficiency gain of almost 2% in the last two years.
‘Solar Module Super League’ (SMSL) member, GCL System Integration Technology (GCL-SI) is set to invest in expanding capacity dedicated to shingling wafer/cell/module technology for larger wafer sizes by 2.5GW.
Current pipeline lies at such advanced stages that 3.6GWac of PV and wind could be commissioned nation-wide after 2019’s market lows, say Rystad Energy consultants.
PV might have only seen 30.22GW added throughout 2019 but ‘year-end rally’ hinted at by latest NEA figures may indicate market will rebound more than expected in 2020, analysts say.
Independent renewable power producer, Grupo T-Solar has secured funding of €567.8 million to refinance 23 PV power plants located in Spain, totalling 127MW.
