Power Plants

Main Street Power Company has been acquired by global power company AES Corporation, with AES netting 100% of Main Street Power’s shares.

UK-based thin-film start-up, Oxford Photovoltaics, has secured at least a further £8 million (US$12.1 million) in venture capital funding to further plans to commercialise its blend of perovskite materials under a licensing model.

PV project developer and EPC firm, Solar Power, Inc (SPI Solar) has secured a credit line of over US$1.6 billion from China Minsheng Bank, China Construction Bank and Suzhou Bank.

ET Solar has supplied 6.1MW of modules for the largest commercial rooftop project in the UK.

PV project developer Solairedirect is planning an IPO on the Euronext Paris stock exchange during the first half of 2015 as it plans to develop and retain more projects across multiple international markets.

German system integrator Belectric’s Turkish joint venture has secured its first tenders in the country after gaining approval for two large-scale ground-mounted solar projects from Turkey’s electricity transmission company, TEIA?.

The worldwide market for balance of systems (BOS) for solar power could be worth US$21 billion by 2019, with the greatest activity expected to be seen in the commercial sector, according to a new report from analysis firm IHS.

Solar energy solutions provider Solar Frontier announced that it has sold its 2MW Kunitomi Megasolar power plant in Miyazaki, Japan to a trust account operated by Mitsubishi UFJ Trust and Banking Corporation (MUTB).

OPV thin-film firm Heliatek is supplying its ‘HeliaFilm’ substrate to a building integrated organic photovoltaic (BIOPV) project in Singapore that will evaluate its performance and durability in hot and humid climates.

In the next five years, India hopes to set up 1GW of solar power plants on land and rooftops owned by the railways, said rail minister Suresh Prabhu.