Financial & Legal

‘Solar Module Super League’ (SMSL) member, Canadian Solar plans to increase module assembly capacity to 12,220MW in 2019, an increase of 1,000MW on strong demand.

The Sol del Desierto solar plant in Antofagasta region, set to be operational by January 2022, will help Chile transition off coal and reach its goal of being carbon neutral by 2050.

China-based polysilicon producer Daqo New Energy Corp has been impacted by weaker than expected financial results for the second quarter of 2019, due to the lack of demand in China and record low polysilicon prices.

Leading PV manufacturing equipment supplier Meyer Burger Technology is seeking a new business model with integrated PV module manufacturer, REC Group to establish revenue share from establishing multiple gigawatts of heterojunction (HJT) solar cell and module production in Singapore.

Rocío Nahle uses opening of 162MWp La Orejana to call for set-up of complete solar supply chain in Mexico, to ensure country fully capitalises on renewable growth.

State-owned green financier partners with Bank of Queensland for AU$100m scheme set to offer cheaper finance to target technologies.

‘Solar Module Super League’ (SMSL) member, Q CELLS scored a 91% bankability rating in the latest Bloomberg New Energy Finance (BloombergNEF) latest Solar Module & Inverter Bankability 2019 report.

Innergex's Phoebe Solar project in western Texas will be one of the largest solar farms in the US, with 250MW capacity split between Shell Energy North America and the merchant market.

C&I systems can already hit grid parity without need for government money across all major urban centres but profitability is mixed on a region-by-region basis, researchers say.

Pattern Energy responds to a Bloomberg report that claimed Toronto-based Brookfield Asset Mangement is interested in merging Pattern with its majority-owned renewable arm, TerraForm Power.

Swedish energy group will install 38MW of PV alongside 22MW wind element and 12MWh storage battery system, with plans for complex to go live in autumn 2020.

Retail giant Gap is one step closer to its 100% renewable energy goal. Michigan utility Upper Peninsula Power Company adds 125MW of solar to its portfolio. The US Airforce is investing in solar-powered space vehicle research. CleanChoice Capital says yes to solar bees.

China-based PV module manufacturer, Wuxi Suntech Power Co, has been ranked seventh highest in the latest Bloomberg New Energy Finance (BloombergNEF) ‘Solar Module & Inverter Bankability 2019’ report.

IPP’s success bagging 15-year PPA for ‘very advanced’ project north of Lisbon comes as consultants say tender’s record-low prices underscore greater appetite for merchant risks.

Developer Sola Group partners with institutional duo to raise ZAR400m for PPA-backed pipeline, meant to bring down C&I costs by aggregating deals.