Single-axis solar tracker firm Soltec has signed a €100 million syndicated credit facility with eleven banks, led by Banco Santander to continue to expand its international business with the opening of subsidiaries in the five continents.
Softbank CEO Masayoshi Son has said its solar projects will provide electricity for free beyond the initial 25-year term of their power purchase agreements (PPAs).
US-headquartered high-efficiency PV module producer SunPower Corp has completed the acquisition of SolarWorld Americas from German insolvency court and administrators, securing the future of the solar cell and module assembly operations of the Hillsboro, Oregon plant.
Major PV inverter manufacturer SMA Solar Technology has lowered its full-year revenue and profit guidance due to the market downturn in China that has led to plummeting product prices and delays to PV Power plant development across major markets.
Ali Imran Naqvi, Vice President of India-based advisory and engineering firm, Gensol Group, discusses the tight-rope walk that Indian solar developers are risking with their most recent low bids in the state of Gujarat.
Project developers have signed a 20-year power purchase agreement (PPA) with Malawian national utility Electricity Supply Corporation of Malawi Limited (ESCOM) for a 60MW(AC) solar plant.
Norwegian state-owned electricity company Statkraft plans to reach 2GW of solar by 2025, as part of a NOK1 billion (US$1.2 billion) investment in renewable energy.
