The Indian arm of US-based PV developer and thin-film specialist First Solar has agreed to sell 190MW(AC) out of 200MW(AC) of its operational PV plants in India to a private equity fund represented by Indian firm IDFC Alternatives, according to a First Solar spokesperson.
China’s National Energy Administration (NEA) has released new guidance on solar installation targets as part of the current 13th Five-Year-Plan (2016-2020), after recent record first-half year install figures put doubt on whether the solar boom would continue as the original targets would be met two years ahead of expectations.
India’s Ministry of New and Renewable Energy (MNRE) has released a document clarifying the rules for state government offtake of solar park capacity, while the World Bank plans to provide US$100 million for solar park infrastructure.
Eritrea will soon join the global solar boom with a €5.7million fund bringing clean power to two rural villages that currently rely on small diesel generators.
Leading thin-film PV manufacturer First Solar raised both shipments and revenue expectations for 2017 after reporting net sales of US$623 million in the second quarter of 2017, down from US$892 million in the previous quarter.
The pioneer of floating solar power plants, French company Ciel & Terre (C&T) International has collaborated with Portuguese energy firm EDP (Energias de Portugal) Group to design and build the first floating solar project at an existing hydro-electric power station at a dam located at the mouth of Rabagão river in Montalegre, Portugal.
‘Silicon Module Super League’ (SMSL) member GCL System Integrated Technology (GCL-SI) is supplying German-based PV systems supplier IBC Solar with 60MW of solar modules from a newly inaugurated module assembly plant in Vietnam.
