Power Plants

The NextEnergy Solar Fund (NESF) will issue 250 million new shares as it looks to buy up a raft of projects in the UK before the closure of an existing support scheme.

UK climate change minister, Amber Rudd, has said that subsidy-free solar PV should be “the goal” by 2020.

Investment firm KKR has acquired a stake in the renewable energy arm of Spanish conglomerate Acciona ahead of plans to launch a yield co.

SolarCity, the largest US residential solar installer, has started offering loans directly to homeowners to buy its PV systems that the company claims could undercut prices set through power purchase agreements (PPA).

The European Commission is facing severe criticism after it gave state aid approval for £17 billion (US$27.3 million) worth of nuclear energy subsidies.

PV project developer, SPI Solar is raising US$43.8 million in a private placement with a subsidiary of Evergrande Real Estate Group, said to be one of the largest real estate developers in China.

According to inverter manufacturer, Ingeteam, the largest solar power plant in Oceania, the 20MW Royalla Solar Farm has been commissioned.

Although some areas could hit wholesale grid parity by as soon as 2018, most large-scale wind and solar deployment in Europe will still require subsidies over the next 20 years, according to the study from consultancy Pöyry.

Major Taiwan-based wafer producer, Green Energy Technology (GET) said sales in September reached US$43.1 million, up 3.1% from the prior month.

In a shock move, major PV equipment provider, GT Advanced Technologies (GTAT) said it would file for chapter 11 bankruptcy in the District of New Hampshire, US.