Major PV inverter manufacturer SMA Solar Technology has lowered its full-year revenue and profit guidance due to the market downturn in China that has led to plummeting product prices and delays to PV Power plant development across major markets.
Ali Imran Naqvi, Vice President of India-based advisory and engineering firm, Gensol Group, discusses the tight-rope walk that Indian solar developers are risking with their most recent low bids in the state of Gujarat.
Not enough bidders turned up for Solar Energy Corporation of India’s (SECI) tender for 3GW of solar manufacturing linked with 10GW of projects and the deadline has been extended to 12 October.
China-based PV manufacturer and developer Risen Energy has signed a contract with Vietnam-based company Tasco to build a 61MW solar project in Ninh Thuan.
Enel Green Power México (EGPM), a subsidiary of Italian power giant Enel, has connected around 1,089MW of solar energy to the grid in Mexico, including the largest solar project in the country.
Project developers have signed a 20-year power purchase agreement (PPA) with Malawian national utility Electricity Supply Corporation of Malawi Limited (ESCOM) for a 60MW(AC) solar plant.
8minutenergy Renewables has entered into a definitive agreement to sell the equity interests of the 121MW Springbok 3 Solar Farm in Kern County, California to Capital Dynamics, an independent global private asset management firm.
US government development finance institution Overseas Private Investment Corporation (OPIC) has committed US$25 million in financing to a fund managed by off-grid solar firm SunFunder, which will provide loans to companies developing off-grid solar products and solutions for Sub-Saharan Africa and Asia.
Norwegian state-owned electricity company Statkraft plans to reach 2GW of solar by 2025, as part of a NOK1 billion (US$1.2 billion) investment in renewable energy.
