Power Plants

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”.

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.