First, Tessera Solar sold its 850MW Calico Solar project to K Road Sun in late December and now the company has announced that its 709MW Imperial Valley solar project has been bought by AES Solar, who, like K Road, intends to convert the CSP project into a PV installation.
The 9REN Group recently closed on a funding lease from UniCredit Leasing that will go towards the financing of the Pacione 1 PV power plant. The Italian PV plant, located in the Taranto province, is complete and holds a 6.5MW capacity. Grid connection is expected to occur in the next few weeks.
With significant ingot and wafer capacity expansions, notably underway in Asia, the demand for slurry recycling is working in tandem. With a claimed 40% market share, SiC Processing is raising €100 million via a bond issue to further expand operations in Asia and other regions.
Lux Research’s new report, “Shorting Out the Myths of Solar Power Electronics: What Fits and What Fails,” has examined the power electronics options that are becoming increasingly available to solar installers and project developers in order to help establish what technologies actually offer the best performance and lowest cost in the residential, commercial and utility solar divisions.
Arizona Public Service (APS) is expanding upon its AZ Sun program with the development of a new 17MW PV facility in Gila Bend, Arizona. With the Paloma Solar Plant, APS’s AZ Sun program will have committed 83MW of solar capacity out of the 100MW it aims to finance and own upon the program’s completion, which is intended for sometime in 2014. First Solar was contracted by APS to design and build the Paloma Solar Plant and expects to have it online by September.
Rumours of a tie-up with Samsung have proved true, with the news that MEMC will establish a new joint-venture firm with Samsung Fine Chemicals to produce polysilicon for the PV industry. The agreement between SFC and MEMC's affiliate, MEMC Singapore, includes building a 10,000MT plant in Ulsan, Korea, close to an SFC chemical plant. Production ramp is targeted for 2013.
Scatec Solar has signed on with Fotowatio Renewable Ventures and Italgen to build a 6.16MWp solar project in a former quarry close to Guiglia, Italy. The solar installation should be connected to the grid by this fall and generate over 7.5 million kWh yearly. The companies did not release the financial terms for their agreement nor any information about the 26,000 modules or BOS that will be used for the installation.
Project developer, relatio has selected Satcon Technology to provide 39 PowerGate Plus 500 kilowatt (kW) solar inverters for a 19.5MW solar park, dubbed Tauberlandpark.
Monday night’s Cinema for Peace gala in Berlin saw Sharp Europe unveil its latest philanthropic venture – the ‘Sun and Stars’ project. The project will help supply electricity to some of the world’s most impoverished countries by financing and installing PV systems.
Soltec Renewable Energies is calling the 6.7MW PV plant it plans to build with Shikun & Binui Solaria one of the largest in Israel. Construction on the PV project will begin this year in southern Israel at the old Timna Copper Mines. The solar project is part of the joint venture the two companies formed, which aims to construct 12MW of large-scale solar installations in Israel throughout 2011 and 2012.
