Big funding deals maybe a thing of the past but overall VC funding deals remain at record levels, according to the latest quarterly report of solar VC funding activity by Mercom Capital Group. Citing a slow start to 2012, VC funding in the first quarter of 2012 reached only US$329 million the lowest dollar amount recorded since Q4 2010. However, 34 deals were reported, suggesting VC’s are taking a lower risk approach to the sector, according to the report authors.
Cogenra Solar and SunWater Solar have installed the largest roof-top PV system in the US on the roof of Kendall-Jackson’s Kittyhawk winery in Windsor, California. The 241kW installation uses 96 solar modules in a hybrid thermal and PV system.
National Solar Power has entered an agreement with solar manufacturer SolarWorld, in which SolarWorld will supply National Solar Power with several millions of solar panels for the company’s projects in Florida. The aim is to build projects totaling 700MW.
Tenaska is breaking its way into the solar power generation market with an announcement that it has closed commercial financing for its Imperial Solar Energy Center South in southern California. The utility-scale PV plant is the first of what the company expects to be several solar generating facilities it will develop in California and other US states. Located in Imperial County, the 946-acre solar project was developed by Tenaska Solar Ventures, with the company advising that a second solar project is under development nearby.
Antaris Solar has advised of a new charitable foundation that it will be sponsoring. German-based The Goede Foundation, which encourages science and education through international projects, has installed ten off-grid PV systems with its own PV modules under its “Solar Energy for Education” initiative in an area near Halong Bay, Vietnam. Additionally, the company has supplied TV sets and teaching DVDs to stimulate learning opportunities in developing countries and plans to add 90 PV systems in other regions of Vietnam.
The Isle of Wight, located off the southern coast of Great Britain, has a new 1.6MW solar plant to thank for helping to contribute to its electricity grid. The project was completed using 80 strings, each with 88 solar modules, and outfitted with SunMaster CS20 inverters from Mastervolt. The company advised that this is one of the largest systems with sting inverters in Britain.
KACO new energy and Neon Energy recently signed a framework agreement at the Ecotec trade fair in Athens, which will see KACO provide Neon Energy with 50MW of its inverters for solar projects in Greece. Neon Energy plans to develop 100kw, 200kW and 500kW systems in the country over the course of this year.
Subsequent to the completion of the 10MW plant in Gujarat, Wararee has announced it has won an order to supply water pumps to the government of Rajasthan. Under the JNNSM & RKVY solar incentive policies, Waaree will provide 154 solar pumps.
The Arizona Public Service (APS) and the State Land Department (SLD) have announced a new partnership to deliver 35MW Foothills Solar Plant on 400 acres of Arizona State Trust Lands in Yuma County. This will be the first solar project to be developed on state-owned trust lands and outlines Arizona governor Janice Brewer’s plans to make Arizona a global force in the renewable energy sector.
Activ Solar has completed the EPC phase and begun commissioning of a 31.55MW solar PV plant in Mityaevo, Crimea, the autonomous republic of Ukraine. The ground-mounted plant has been equipped with over 134,000 polycrystalline solar modules and will be operated by Austria-based Activ Solar, which has to date installed over 215MW of solar PV projects in Crimea.
