International solar PV systems integrator Phoenix Solar has lowered its full-year revenue guidance a second time but added a profit warning as delays in project approvals increase due to the US ITC ‘Section 201’ trade case creating market uncertainty.
US-based investment fund Global Infrastructure Partners (GIP) and co-investors have acquired Singapore-headquartered Equis Energy, the largest renewable energy IPP in the Asia Pacific region, for US$5 billion along with assumed liabilities of US$1.3 billion.
Private equity fund SoftBank Vision Fund has officially signed a memorandum of understanding (MOU) with Saudi Arabia’s Public Investment Fund (PIF) to develop 3GW of PV and energy storage capacity within Saudi Arabia.
US residential solar PV and energy storage installer Sunrun has secured a US$244.5 million of senior secured credit facilities from a syndicate of lenders for future growth.
PV inverter manufacturer KACO new energy said it has secured orders totalling 550MW in the third quarter of 2017 with cumulative sales so far in 2017 of around 1.95GW, marking orders almost 70% the prior year period.
China-based PV module manufacturer Risen Energy said that its latest module technology using multicrystalline half-cut cells with peak power output of 340-345W (72-cell), have achieved ‘Top Runner’ first-class certification by the China Quality Certification Centre (CQC) and shipments to projects have started.
Brazilian bank Banco do Nordeste announced that it will provide financing for a portfolio of PV projects in Brazil that boast a combined generation capacity of 482MW.
Recurrent Energy, a wholly owned subsidiary of Canadian Solar, announced that its 71MW PV project in Cumberland County, North Carolina has reached commercial operation.
A report on the off-grid solar market has revealed that there has been a 7% drop in off-grid solar and home system product sales worldwide yet the market remains “buoyant”.
The first PV ModuleTech event is due to take place in Kuala Lumpur on 7-8 November, and the event is poised to explain and define the key module suppliers, technologies and audited metrics that are imperative to developers, EPCs, investors and asset owners for utility-scale solar module deployment in 2018 and beyond.
