India’s installed cell and module manufacturing capacity has reached 1,468MW and 5,848MW respectively as of 30 June 2016, according to figures released by the Ministry of New and Renewable Energy (MNRE).
Leading US residential installer SolarCity announced yesterday that it has partnered with Credit Suisse to finance more than US$300 million in solar projects.
Former China-based integrated PV manufacturer LDK Solar, which entered liquidation proceedings in the Cayman Islands and bankruptcy in mainland China has resulted in major creditor losses and its wafer and cell production operations being acquired.
The Australian Renewable Energy Agency (ARENA) has committed up to AU$18 million in funding to build the first phase of a AU$120 million solar-wind-storage project by Windlab and Eurus that will deliver renewable energy on demand.
Financiers Connor, Clark & Lund Infrastructure and Samsung Renewable Energy have closed a CA$633 million solar bond financing for the 100MW Kingston Solar project in Canada.
On Friday, in Arlington, Arizona, the Department of Navy (DON), Department of Energy (DOE), and developer Sempra Energy were joined by the White House Office of Federal Sustainability for the inauguration of a 210MW solar facility that facility represents the federal government’s larges investment in clean energy history.
Wuxi Suntech the PV module manufacturing arm of renewable energy group, Shunfeng International Clean Energy (SFCE) said it had voluntarily withdrawn from the European Union’s ‘Price Undertaking Agreement’ better known as the MIP (Minimum Import Price).
In an unexpected development of the planned merger of Tesla and SolarCity, the electric car manufacturer has said that it had tentatively agreed with Japanese electronics firm, Panasonic to begin solar cell and module production at SolarCity’s Riverbend production plant in Buffalo, New York state in 2017.
Specialist PV manufacturing equipment supplier Singulus Technologies said it had issued new shares valued at around €8 million to provide liquidity for supplying CIGS thin-film production equipment orders and the development of heterojunction (HJ) solar cell processing tools after securing an (MOU) with Golden Concord Holdings, majority share holder in GCL-Poly and GCL System.
Tesla Motors and SolarCity are closer to combining their empires to form what could be the world’s largest solar and energy storage company, as the final referendum for the merger has been officially set for 17 November 2016.
