Power Plants

Canadian Solar has closed US$45 million in financing with Natixis, a subsidiary of French banking company Groupe BPCE, that will be used to construct Canadian Solar’s 68MW PV project in Aguascalientes, Mexico.

Module prices in India will remain 14% lower than eight months ago even after the imposition of a 25% safeguard duty on imports, according to analysis by IHS Markit.

France-based floating solar specialist Ciel & Terre has launched a new subsidiary in the Indian city of Bangalore, a new manufacturing line in Maharashtra, and is set to deliver floats to its first 5MW project in West Bengal.

France has approved 103 large-scale solar projects totalling 720MW in the latest phase of its 3GW deployment plans.

Valmont Industries has acquired a majority ownership in Convert Italia SpA, a designer and provider of engineered solar tracker solutions.

SolarEdge is shipping its most powerful inverter product to date – the SE100KUS inverter for 277/480Vac commercial grids. The SE100KUS utilizes a bundling concept with three separate units to retain higher system uptime and availability.

India’s total PV demand in 2018 will reach just 8.5-9.6GW as a result of the imposition of a 25% safeguard duty on imports of cells and modules, according to EnergyTrend forecasting.

Sprng Energy has ordered Ecoppia’s waterless robotic panel cleaning system for a 325MW site at the REWA solar park in India.

The Solar Energy Corporation of India (SECI) has issued a tender for the development of 750MW of grid-connected solar projects in Rajasthan.

China-based PV energy provider (PVEP) Panda Green Energy Group said it expected to report a net loss for the first half of 2018 of around RMB 80 million (US$11.7 million).