Power Plants

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”.

Global manufacturer, Jinko Solar is to supply 40MW of its modules to a project in Chile.

Kam Mofid has stepped aside as CEO of Real Goods Solar (RGS) with the company’s residential solar chief, Dennis Lacey, named as his successor.

India’s Ministry of New and Renewable Energy (MNRE) has finally received funds to pay a 30% subsidy promised to rooftop solar installations.

Dubai Electricity and Water has shortlisted developers for the tender for the 100MW second phase of Mohammed Bin Rashid Al Maktoum Solar Park.

Australia’s Prime Minister Tony Abbott has reportedly intervened to ensure the country’s Renewable Energy Target (RET) is abolished.

Shunfeng Photovoltaic International has secured a RMB20 billion (US$3.25 billion) line of credit.