German renewables developer BayWa r.e. has bought US-based solar and energy storage solutions provider Enable Energy, taking its pipeline of solar and wind projects in the Americas to more than 5GW.
NTPC, India’s largest power company, is aiming to add more than 5GW of new solar capacity in the next two years as it builds its renewables presence overseas thanks to a collaboration with the International Solar Alliance (ISA).
Major merchant solar cell producer Aiko Solar may have increased first half year revenue 30% compared to the prior year period, but COVID-19 and solar cell average price declines, triggered by weak demand, sent net profits falling by 68% year-on-year.
Coming out of stealth-mode, US-based integrated PV panel manufacturing start-up, Violet Power intends to disrupt the PV industry with in-house production of high-efficiency IBC (Interdigitated Back Contact) solar cells. The company will use cell-to-module ‘flex circuit’ and thermal plastic encapsulant technology in a glass/glass configuration that will have a solar panel warranty of 50 years, more than three times the average in the industry, today.
PV inverter manufacturer Ginlong Solis has set new quarterly and half-year revenue figures as the company continues to expand its global footprint and string inverter product portfolio.
Major PV inverter manufacturer Sungrow has reported a significant recovery in revenue and profitability in the second quarter of 2020, after financial figures suffered in the first quarter, due to the impact of COVID-19 on both its PV project and EPC business and demand for PV inverters in China.
Ib vogt has closed a €135 million (US$160 million) commitment from an institutional investor to help it pursue a global pipeline of solar projects that exceeds 16GW.
A round-up of the latest news from the US, where DTE Energy plans a major solar expansion, Duke publishes its latest IRP and EDP Renováveis divests a majority stake in 563MW of renewable projects.
