German PV systems integrator Phoenix Solar has reported a return to operating profit for the first time since 2010, with earnings before interest and taxes (EBIT) at €0.6 million (US$0.64 million), up from losses of €1.6 million last year.
Vertically integrated PV power plant developers such as First Solar and SunPower are losing ground to dedicated PV tracker firms, according to the latest analysis from IHS Markit.
Saudi Arabian power engineering firm ACWA Power has signed a power purchase agreement (PPA) for a 61.3MW solar plant in eastern Jordan, which it claims has the lowest PV tariff in the country to date.
President Trump’s long anticipated executive order advising the Environmental Protection Agency to withdraw parts of the Clean Power Plan (CPP) has left clean energy advocates unabashed, despite critics viewing the order as a total wipe out of Obama’s climate action legacy.
The US Trade and Development Agency (USTDA) has awarded a grant of more than US$860,000 to Ghanaian solar company Buipe Solar, in support of a feasibility study for a 20MW PV project in the north of the country.
Italian renewable energy firm TerniEnergia, part of Italeaf Group, has signed a contract to provide EPC services and supply modules and inverters for a 10MW solar PV plant in Tunisia on behalf of national utility Société Tunisienne de l'Electricité et du Gaz (STEG).
Finnish energy solutions company Wärtsilä is set to supply a 15MW solar plant to Essakane Solar in Burkina Faso. The PV project will be developed next to the 55MW Wärtsilä power plant, which is currently running on oil.
