Companies

Leading South East Asian renewable energy firm Sunseap has received US$10.7 million (SGD$15 million) from the United Overseas Bank (UOB) for commercial solar projects in Singapore.

PV and electronics equipment manufacturing and automation specialist Manz AG has received €50 million from Chinese JV partners Shanghai Electric Group and Shenhua Group for turnkey CIGS thin-film production lines with a further €79 million also expected in May to start work on its largest ever equipment order.

Mono c-Si cell production is forecast to account for 49% of all c-Si cell production in 2018, and will become the dominant technology used in the PV industry by 2019, according to new research contained in the latest release of the PV Manufacturing & Technology Quarterly report, from the in-house research unit at PV-Tech’s parent company Solar Media Ltd.

After permitting delays, Xcel Energy says two community solar projects in Wisconsin will be online later this year.

Solar in Minnesota jumped 80% in the first three months of this year, with the state now harnessing almost half a gigawatt of installed capacity.

Vertically-integrated solar firm and industrial goods company Bharat Heavy Electricals (BHEL) had 370MW in its solar PV portfolio at the end of FY2016/17, of which 360MW was ground-mount and 10MW was rooftop.

The SEIA has filed testimony with the California Public Utilities Commission for SCE's grid modernisation proposal, arguing that it is 'premature, excessive' and undervalues solar and other DERs.

Major US power firm and utility Dominion plans to acquire a 79MW solar PV project that is currently under construction in Anson County, North Carolina, from solar company Cypress Creek Renewables.

This week's Movers & Shakers segment features executive shuffles in energy storage companies and an O&M firm, while examining a new merger between Spain's Gamesa and Siemens Wind Power. Spain's Renewable Energy Association elects a new president for the next four years, and Jon Wellinghoff exits SolarCity amid the US$2 billion Tesla acquisition.

Shares of residential solar company Sunrun fell nearly 10% in trading yesterday after news broke of the investigation by the US Securities and Exchange Commission (SEC) on whether the company adequately disclosed how many customers had cancelled contracts.