Premier Power Renewable Energy advised that construction on its 16.2MWp Zdravetz utility-scale solar plant in Bulgaria has begun with completion expected during Q2 2012. The company originally entered into an agreement, along with its JV with Plaan Czech, in September 2011 to build the solar plants in Bulgaria. The project is being installed on land that was once a coal mine and will receive around US$0.30 for every kWh generated over the next 20 years from the energy administration.
Construction of a new solar project on New Jersey’s Rutgers University is underway with financing being provided by Key Equipment Finance and KeyCorp. SunDurance Energy is the solar integrator for the project, which will use over 40,000 high-efficiency panels mounted on canopy structures over two large surface parking areas on the Livingston Campus.
The Kauai Island Utility Cooperative (KIUC) issued a RFO on March 2 for the pursuit of a second solar PV project ranging in size from 8 to 10MW. The RFO was issued to landowners for sites to host the PV project and to PV project developers who have a project and site identified and can propose a turnkey construction solution to KIUC.
GE Energy Financial Services announced that over the past year, the company has more than doubled its global solar power investment commitments to US$1.4 billion, leading to nearly US$ 5 billion in projects. The company notes that its 1GW portfolio spans 48 solar power plants in six countries, including Australia, Canada, Italy, Portugal, Spain and the US.
Vancouver, Canada-based P2 Solar has revealed that it has signed a binding agreement for the construction and ownership of a 4.95MW solar farm in the Vratsa Province of north-west Bulgaria. The company has assigned a 20-year gross revenue of €31 million to the project with a net cash flow of €13.6 million.
An installation initiated by Israeli pro-peace scientists and funded by German company Comet-ME is under threat following claims by Israeli authorities that building work, started last August, was constructed illegally. Germany , which has already invested €400,000, is concerned this could lead to international outrage.
According to Bloomberg, Alex Green Energy has won the bid to develop a 5MW solar project in India’s eastern Odisha state. The company vouched to supply power at a record-low rate and, according to a statement from PK Mohan, CEO of Odisha Renewable Energy, has the option to develop the remaining 20MW of PV capacity from the solar auction before it is offered to other bidders.
Martifer Solar announced the completion of its 2.07MW ground-mounted Les Mées, solar plant. The PV installation was built across 4 hectares with Martifer Solar overseeing the EPC and supplying all PV equipment. The company will also be providing the operation and maintenance of the plant, which is to be operated by Leonidas Associates IV.
Billed as one of the largest PV power plants so far built in Thailand, a 7.5MW project, know as the Nakhon Ratchasima Solar Farm in Khorat region, northeastern Thailand has been completed by project developer Sonnedix using First Solar’s CdTe thin-film modules. The project is also the first in Thailand undertaken by Sonnedix with support of Assyce Fotovoltaica and Ch. Karnchang Group.
Following a disappointing financial performance in 2011, COLEXON Energy to streamline its business continues. The company has sold two further solar project companies in southern Germany and Italy.
