Power Plants

The US will be the largest solar market in the world in 2016, according to industry stalwart Jigar Shah.

The “pure economics” of solar in relation to increasingly costly fossil fuels will ensure a central future role for the technology in the world energy mix, according to Citigroup.

The US state of North Carolina is to continue blooming with new solar projects, as 64MW of new solar sites reach construction.

Hanwha Q CELLS has completed its first project in Portugal as an engineering, procurement and construction (EPC) contractor.

A division of Mitsui, one of Japan’s largest trading groups, is to jointly invest in 25MW of PV projects in Japan with equity investment manager Tokio Marine Asset Management.

China underlined its position as the new world solar superpower last year by raising more in PV financing than the whole of Europe, according to the Global Renewable Energy Report 2014.

Leading US solar developer NRG Energy is to reorganise its renewable energy business after posting mixed second quarter results.

Chinese manufacturer, ReneSola, is to supply 22MW of its modules to two solar projects in the UK.

SunEdison posted a US$0.12 earnings per share (EPS) profit in the second quarter of 2014 as the company’s projects business enjoyed strong growth.

China has installed 3.3GW of solar power capacity in 2014 so far, according to official data released by the National Energy Administration (NEA).