ConEdison Development, a subsidiary of mammoth US utility company ConEdison developing and operating solar and wind power projects, has acquired a 50% stake in a 335MW DC solar farm in California.
ThomasLloyd CTI Asia Holdings, a wholly-owned subsidiary of global investment banking and investment management group ThomasLloyd, has sold the rights to two solar projects on Negros Occidental in the Philippines with a combined capacity of 80MW.
The Mesquite Solar 2 addition is expected to be completed in late 2016, prior to the step-down of the US Investment Tax Credit (ITC) for utility projects from 30% to 10%.
Renewable energy company Coronal Group and Panasonic Eco Solutions have announced a new portfolio of eight PV projects currently under construction in North Carolina.
A solar farm connected to a huge battery will be built on the Hawaiian island of Kauai to use solar in the evenings to meet peak demand, under a 20-year contract between SolarCity and an electric utility co-operative.
OEM giant Flextronic’s acquisition of tracking manufacturer NEXTracker could help it take advantage of an expected boom in utility-scale solar installations in the US ahead of the drop in the Investment Tax Credit (ITC) at the end of 2016, according to a leading industry analyst.