SunEdison, a provider of solar energy services, has announced that it has secured an additional US$40 million for its project finance revolving credit facility, bringing the total capacity of the facility to US$150 million.
SunEdison announced that, along with Firelight Infrastructure Partners, it has attained financial close for a 10MW solar project being built in Ontario. Completed through a construction and term debt credit facility, the project is owned by SunEdison and Firelight as equity partners. Deutsche Bank worked as the private placement agent for the transaction, which was supported by a consortium of lenders.
Valos Solar Ventures continue to tie up the loose ends for its 20MW SKIC Solar 1 project; most recently with the signing of a 20-year PPA with Pacific Gas & Electric. The solar project, located near Bakersfield, California, is expected to receive approval from the California Public Utility Commission in October, with construction starting no later than August 2013.
Italian solar firm Aion Renewables has signed a preliminary agreement to sell 30MW of PV projects to Luxembourg-based Avelos. Aion Renewables is a specialist in the design, engineering, manufacturing and installation of PV systems.
With plans to achieve a 100MW pipeline in 2012, Martifer Solar USA has reported a success at its 460kW system in Breckenridge, Colorado. The company claims the arrays have been consistently performing at an average of 10% above expectations since their commissioning in January.
Q-Cells North America has recently completed a total of 108MW PV projects in North America. It built a 69MW PV project in Ontario, Canada and several PV projects in California, US, which have a total capacity of 39MW.
Canadian Solar, Suntech Power, Trina Solar and Yingli Green’s almost immediate response to the EU anti-dumping complaints has triggered JA Solar’s rebuttal.
Hawaiian solar company RevoluSun Solar Corporation is showcasing its RiSE Software Suite at North America’s largest solar event, Solar Power International, which is currently underway until September 13, in Orlando, Florida, US.
Bigger is always better when referring to the US and this is also becoming increasingly applicable to solar modules. At Solar Power International 2012, a number of manufacturers have launched 300 watt (W) plus modules that are specifically catering for the booming utility-scale market.
In response to the solar industry's ever-increasing pressure to drive down system costs, companies Ampt, KACO New Energy, LTi REEnergy and REFUsol have announced the launch of the HDPV (High Definition PV) Alliance. The HDPV Alliance will leverage open technology standards to optimize the design and deployment of inverters, cabling, combiners and associated labour costs to deliver a lower total system cost and higher performance. Companies that join the Alliance are able to offer differentiated value and make it easy for their customers to identify and source products featuring the HDPV advantage.
