Struggling China-based PV manufacturer Yingli Green Energy has reported a full-year 2015 net loss of US$864.6 million on revenue of US$1,538.5 million. The company had recently guided a net loss in the range of US$894.1 million to US$909.7 million.
French oil major Total’s €950 million acquisition of battery manufacturer Saft puts the company at the front of the pack of fossil fuel firms looking to diversify, according to SolarPower Europe CEO James Watson.
French renewables firm Engie, formerly GDF Suez, the largest independent power producer in the world, recently signed a long-term PPA for a 100MW concentrated solar power (CSP) project in South Africa.
SunEdison yieldcos TerraForm Power and TerraForm Global have amended agreements with key lenders to allow them more time to file their financial results and audit.
The Spanish Supreme Court has ruled that solar PV companies and investors should be compensated by the Spanish administration over historic amendments to the feed-in-tariff (FiT) policy for new installations.
Germany’s renewable energy trade associations have spoken up collectively about their country’s plans to introduce tenders to award rights for new large-scale projects.
Grid curtailment of solar power is already affecting Germany and China despite billions being spent on grid projects. With a target of 100GW, India is hoping to get 8% of its power requirements from solar PV by 2022, which is a higher penetration than both Germany and China today. Jasmeet Khurana, associate director, consulting, Bridge to India, investigates the potential for future curtailment of solar power in India and its consequences while identifying which states might be most affected.
SolarCity, the largest residential solar PV installer in the US reported higher than expected installations in the first quarter of 2016, yet weaker bookings in the residential sector led to lowering full-year installation guidance.
Masdar’s five small-scale solar energy projects are to be inaugurated this week in the Pacific Island countries and territories under the US$50 million UAE-Pacific Partnership Fund (UAE-PPD).
