Power Plants

Swiss-based full-service project developer and EPC, TRITEC Project Engineering and China-based PV manufacturer and developer Hareon Solar are to collaborate on 600MW of international PV projects over the next three years.

GCL Poly has secured two new credit lines worth a total of US$490 million. Downstream affiliate GCL New Energy also confirmed it had secured a 95% interest in a project in Jiangsu Province.

US residential solar installer and leasing company Vivint Solar is preparing to make an initial public offering (IPO) of common stock, having made a filing with the US Securities and Exchanges Commission (SEC).

Suntech is targeting the South American markets and expects Brazil and Mexico to follow Chile’s lead on utility-scale solar.

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.