SunPower has secured a US$220 million loan from Bank of America Merrill Lynch (BofAMerrill) to support its next wave of residential solar lease projects in the US.
Stocks in a large-number of PV companies were heavily sold-off last Friday on the same day erroneous market forecasts for PV demand in China and misinterpretation of recent Chinese Government agencies commitment targets for the sector in 2014 emerged.
The levelised cost of electricity (LCOE) from both solar PV and onshore wind in Germany are expected to decline below that of fossil fuels by 2030, according to a new study conducted by the Fraunhofer Institute for Solar Energy Systems ISE.
Solar was the star performer of the US renewable energy generators in 2013, adding 2,963MW of new capacity over the year, according to new figures from the country’s Federal Energy Regulatory Committee (FERC).
Investment groups Equis Funds and Partners Group have raised ¥26.1 billion (US$250 million) of equity to fund utility-scale solar power stations for developer Nippon Renewable Energy through a joint investment platform, Japan Solar.
Wildly varying reports of Kenya’s plans for deploying solar energy have been dismissed by power industry and policy figures in the East African country.
Bloomberg New Energy Finance (BNEF) has said that preliminary estimates indicate that the PV industry end demand reached as high as 39GW in 2013, up 28% from 2012 and driven by massive growth in China, Japan and the US in particular.
Chile’s pipeline of approved but unbuilt PV projects reached over 5.33GW at the end of December, according to the country’s renewable energy research centre CER.
