Projects

US-headquartered high-efficiency PV module producer SunPower reported a first quarter 2017 net GAAP loss of US$134.5 million, while guiding further losses of between $110 million to $135 million for the second quarter of the year as the company transitions its business model.

Emerging market investor Sun Group has entered a joint venture partnership with Japanese financial services group Orix, to develop commercial and industrial (C&I) solar projects in India.

Virginia governor Terry McAuliffe signed 11 bills earlier this week that promote solar and other renewable energy resources such as pumped hydro.

New Jersey’s Nautilus Solar and California-based Kilroy Realty have partnered to build a portfolio of commercial solar projects amounting to 5.2MW across nine of Kilroy’s offices between Southern and Northern California.

India solar prices have continued their downward spiral, this time with record low bids of INR2.62/kWh (US$~0.04) from Phelan Energy Group and Avaada Power in the state of Rajasthan.

Saudi Arabia’s Alfanar Energy has signed a PPA with the Egyptian Electricity Transmission Company (EETC) for the development of a 50MW solar plant in Egypt, according to local reports.

Leading South East Asian renewable energy firm Sunseap has received US$10.7 million (SGD$15 million) from the United Overseas Bank (UOB) for commercial solar projects in Singapore.

After permitting delays, Xcel Energy says two community solar projects in Wisconsin will be online later this year.

Solar in Minnesota jumped 80% in the first three months of this year, with the state now harnessing almost half a gigawatt of installed capacity.

The Ministry of Industry and Trade of Vietnam (MOIT) has released a draft circular containing guidelines on how to develop solar PV in the country, but has failed to address a range of issues that could impact large-scale project bankability, according to analysis from multinational law firm Baker McKenzie.