Power Plants

Suniva will offer leases and PPAs to community groups through the partnership with TCC.

Major PV manufacturer Trina Solar took a hit on margins in the second quarter of 2014, while module shipments soared as China and US markets rebounded strongly.

China-based PVEP, Hareon Solar Technology has signed a number of project development deals in China and Turkey totalling around 3,350MW. The company has also secured lines of credit with two Chinese banks totalling 20 billion Yuan (US$3.25 billion).

The government has promised to support all domestic solar manufacturing and plants should run at full capacity and expand.

The governor of New York, Andrew Cuomo, has launched the NY-Sun Initiative, a plan to consolidate the state’s existing solar incentive programmes into a single support scheme, aimed at adding 3GW of solar generation capacity by 2023.

The Indian government has decided against imposing duties on Chinese, Taiwanese, US and Malaysian solar manufacturers.

UK-based merchant solar wafer producer, PV Crystalox Solar reported increased shipments and revenue but margin decline due to lower wafer selling prices and stable polysilicon purchase pricing led to a loss in the first half of 2014.

Major PVEP, SunEdison has secured funds from Barclays and Citi banks totalling US$160 million to be used for distributed generation (DG) projects in the US.

According to Bloomberg New Energy Finance 1.8GW of renewable power capacity will be commissioned in Sub-Saharan Africa in 2014.

TÜV SÜD has developed a certificate for renewable energy storage systems, which the testing house claims will “provide reliable information on the safety, performance and service life of stationary energy storage systems”.