BayWa r.e. the renewable energies business unit of diversified German company BayWa has significantly increased revenue in the first half of 2017, having developed and sold PV power plants and increased sales of PV modules and inverters by around 50%, compared to the prior year period.
Australian energy firm Genex Power has received first-round board approval from the Northern Australia Infrastructure Facility (NAIF) for potential debt funding of its 270MW solar PV and 250MW pumped hydro projects, that are part of the Kidston Renewable Energy Hub, in Northern Queensland.
Spanish infrastructure, technology and renewable energy company Elecnor has secured a €117.4 million (US$139.2 million) EPC contract for a PV farm in Australia.
Despite running at full-capacity, US-headquartered high-efficiency PV module producer SunPower Corp has lowered its full-year revenue guidance as losses mount and margins compress across its utility, commercial and residential markets.
A pay-to-own solar system will be developed in Zambia by MTN, Africa’s largest telecoms company, in partnership with Fenix International, who is extending ReadyPay Power.
Singapore ended Q1 2017 with 129.8MW of installed solar PV, four times more than the 33.1MW it had at the end of 2014, according to the annual energy report from Singapore’s Energy Market Authority (EMA).
US-headquartered PV manufacturers SunPower and First Solar are expected to collectively sell their stakes in their joint venture yieldco, 8point3 Energy Partners.
