Leading integrated high-efficiency monocrystalline module manufacturer and ‘Silicon Module Super League’ (SMSL) member LONGi Green Energy Technology is believed to have entered into a Memorandum of Understanding (MOU) with Saudi Arabia’s major commercial and industrial trading company, El Seif Group to establish a large-scale solar manufacturing infrastructure in the Kingdom.
The Asian Development Bank (ADB) is providing a roughly US$40 million project financing package for Vena Energy, formerly Equis Energy, to build four solar plants in eastern Indonesia, which are said to be the Southeast Asian country’s first utility-scale PV plants.
Abu Dhabi Fund for Development (ADFD) aims to support 18MW of solar energy in Mauritius and Rwanda.
Shell leads investment in battery storage manufacturer sonnen, Panama must upgrade regulatory environment says IRENA, Afghan utility adds rooftop solar.
Morgan Stanley has taken a 5.1% stake in China-based polysilicon producer Daqo new Energy, according to an SEC filing.
Australian firm Carnegie Clean Energy has raised AU$5.3 million (~US$4 million) to grow its solar PV, battery storage and wave energy businesses.
‘Silicon Module Super League’ (SMSL) member Trina Solar has completed the purchase of Spanish PV tracker and mounting firm, Nclave as the SMSL moves to become a global smart PV solution provider.
Specialist PV manufacturing equipment supplier Singulus Technologies has recently reported that its order backlog stood at €125.5 million at the end of the first quarter, while guiding stronger than expected revenue for 2018.
United Renewable Energy Co., Ltd. (URE), the planned name for three of Taiwan’s merchant solar cell and module producers, Gintech Energy Corp, Neo Solar Power (NSP) and Solartech Energy are still evaluating the commercial rationale of establishing a US-based PV manufacturing plant, post the merger, which is being targeted for October 1, 2018.
‘Silicon Module Super League’ (SMSL) member Canadian Solar reported first quarter 2018 financial results that were better than expected as revenue and shipments were higher than guided with further PV power plant sales completed in the quarter.
Recurrent Energy, a wholly-owned subsidiary of Canadian Solar, has closed on debt financing and tax equity investment commitment for a 102MW PV project, located in Cabarrus County, North Carolina.
Brazil Ministry of Mines and Energy (MME) has said it expects the 49 solar projects contracted in the last A-4 energy auctions to generate investments of BRL8 billion (~US$2.2 billion) by 2021 and create a further 1.8GW of power capacity.
Queensland is currently the leading Australian state for large-scale solar development and is pushing the country towards another record year, according to Clean Energy Council chief executive Kane Thornton.
Specialist PV manufacturing equipment supplier Amtech Systems is looking to expand its component outsourcing to include solar equipment production in China to remain competitive.
Philadelphia Solar, a vertically-integrated PV company headquartered in Jordan, said this morning it has reached financial close on a project to bring battery storage to a large-scale solar farm in the Middle East kingdom.
