DuPont Apollo has delivered its PV modules for a 5MW solar plant in Gujarat owned by Yantra eSolar India. The solar plant, located on 35 acres of land in Village Charankha, Santalpur Taluk, Patan District, is slated to be connected to the grid before the end of August. Upon completion and commissioning, the solar plant is estimates to be able to generate 8 million kWh of electricity per year.
New Jersey has passed a law that requires companies to purchase more solar energy, it has been announced. According to the bill, companies have to obtain 2.05% of their total energy from solar in the energy year (EY) 2014 under the new renewable portfolio standard. After that, the amount of solar energy required will be raised every year to 4.10% by 2028.
Renewable Energy Corporation’s (REC) board of directors has proposed an additional sum of NOK75 million (approx. US$12 million) to the Extraordinary General Meeting (EGM). The company states that all investors that participated in the private placement have agreed to the final gross proceeds of NOK375 million (approx. US$62 million).
According to a report from the Taipei Times, Motech Industries has terminated long-term supply contracts for silicon wafers with an undisclosed foreign company. The stock exchange filing noted that the termination came because of a change in market conditions. Motech advised that it would renegotiate terms, including product quantities and prices with the undisclosed company, but no timeline was given for when the manufacturer would start to supply wafers to Motech again.
Cupertino Electric advised that its San Jose, California, headquarters will soon sport a solar technology evaluation laboratory featuring 18 technologies installed in a construction site-type of environment. The lab will generate data on performance, price, installation technique, longevity and quality.
Chinese PV company Sky Solar is planning to invest in a 300MW PV project in Chile, according to a report by Reuters. Sky Solar, in collaboration with Chilean Sigdo Koppers and the Chinese Development Bank, has announced the signing of an agreement on Tuesday, under which Sky Solar is looking to invest US$900 million to construct the 300MW solar power park over three years.
Updated. Business conditions at LDK Solar have worsened considerably since reporting fourth quarter financial results at the end of April, 2012. The integrated PV manufacturer has slashed both polysilicon production and full-year revenue guidance, while meeting the low mark of guided sales in its first quarter 2012 results.
According to a report from Solarplaza, Adenium Solar Energy has bought a portion of a 29MW portfolio of grid-connected, operational solar plants in Italy. The transaction is valued at €125 million with the assets to be managed by Adenium and Foresight. The companies expect for their joint venture to increase the portfolio within the next 12 months to a total of 100MW.
Expansion of Brazil’s Tauá project is underway thanks to a continued partnership between MPX, E.ON and GE Energy. GE will supply all the equipment and PV technology systems for the plant’s expansion, including the delivery of more than 8,000 solar panels. Upon completion, Tauá will have nearly 13,000 solar panels helping to produce energy.
The US’s largest solar and wind project developer, NextEra, has placed the successful bid to purchase the unbuilt 1GW Blythe solar project in Riverside County, California. The plant is another of the projects – both built and unbuilt – being auctioned off from the assets of bankrupt Solar Trust of America. The agreed price of the project was not revealed.
