Power Plants

The largest ever PV power plant, dubbed the OneGiga Project and said to have cost around €1.75 billion has been shelved by the developer Securum Equity Partners and will seek €160 million from the Republic of Serbia at the International Court of Arbitration in London, England.

German investment firm Wattner has purchased ten solar power plants with a total capacity of 48MW.

Microinverter market leader, Enphase Energy continues to gain traction in international markets, reporting second quarter 2013 sales up 28% sequentially.

Sunpower Israel inaugurated the commercial operation of the largest solar power plant in Israel on Tuesday 6 August.

Chinese PV module manufacturer ReneSola is to provide solar plant installer Saferay with 29.1MW of its modules for use in construction of La Huayca II solar power plant, Chile.

First Solar has announced that it has purchased Element Power’s 1.5GW project pipeline for the US and Mexico.

US-based third-party ownership (TPO) PV installer Vivint Solar has secured US$200 million in two separate tax equity funds.

Energy utility Edison International has acquired SoCore Energy, a Chicago-based commercial rooftop solar developing company.

A quiet solar “revolution” in Australia over the past three years means 11% of the population now use PV technology, a study by the country’s Climate Commission claims.

Canadian Solar subsidiary Canadian Solar Solutions announced that it has reached an agreement to sell five utility-scale solar power plants in Ontario valued at more than C$290 million (US$277 million) to Concord Green Energy.