The theme of this week's Movers & Shakers is international expansion. PAYG off-grid solar provider Azuri Technologies is strengthening its leadership team to target West Africa, while Vancouver, Canada-based Solar Alliance Energy targets US assets and expands its sales team to accommodate for this. ABB appoints new regional heads to ensure direct market contact with Europe and the AMEA region.
Struggling China-based PV manufacturer Yingli Green Energy reported a full-year 2016 net loss of US$293.6 million with the majority of losses attributed to manufacturing impairment and supplier bad debt provisions incurred in the fourth quarter of 2016.
PV Tech’s preliminary analysis of global solar PV manufacturing capacity expansion announcements in the first quarter of 2017, show a strong rebound compared to the significantly subdued environment experienced in the second half of 2016.
‘Silicon Module Super League’ (SMSL) member Canadian Solar has completed the sale of a further two solar power plants in China, totalling approximately 69.5MWp to Shenzhen Energy Nanjing Holding Co.
German alternative asset management firm Aquila Capital has completed a 38.4MW PV project in Japan and sold it to a local institutional investor for an undisclosed amount.
Global clean energy investment in the first quarter of 2017 was down 17% compared to Q1 2016, as market leaders China and the US scaled back support for wind and solar farms.
The Americas subsidiary of Solar Frontier has completed the sale of its 40MW Midway II solar plant to a subsidiary of Dominion Energy for an undisclosed sum.
