China-based PV energy provider (PVEP) United Photovoltaics Group reported a 58% increase in revenue for 2016, driven primarily by the addition of 415.4MW of new PV power plants under ownership.
India’s Union Cabinet has approved the signing of a memorandum of understanding (MoU) between Indian and US bodies to cooperate on integrating utility-scale renewable energy into the grid.
Major PV inverter manufacturer SMA Solar Technology came through another tough year with unit volume sold a record 8.23GW in 2016 but ASP pressure ensured sales were down. The bright spot was its commercial solar business unit, which bucked lower sales in the residential and utility-scale sectors with 27% growth, year-on-year.
The European Investment Bank (EIB) is to supply State Bank of India with a €200 million (US$214 million) 20-year loan to support €650 million of investments in five utility-scale solar PV projects in India.
This week's Movers & Shakers features new CEOs and the inauguration of new international offices. Sunworks and the Australian CEFC both welcome new CEOs and Enel Green Power North America opens its new office in Massachusetts, with Array Technologies expanding Down Under.
The Asian Development Bank (ADB) has approved a US$175 million loan to India’s major network operator and utility Power Grid Corporation of India (Powergrid) relating to solar park transmission.
Asia Clean Capital (ACC) has partnered with LONGI Solar Technology, a wholly-owned subsidiary of mono specialist LONGI Green Energy Technology, to co-develop 300MW of rooftop solar in China.
PEG Africa is a pioneering pay-as-you-go (PAYG) solar company focused on West Africa. Co-founder and CEO Hugh Whalan stopped by PV Tech to discuss why this business model is filling gaps in Africa's off-grid solar market, and how it has potential to evolve into meeting needs of consumers beyond electricity access.
