Diversified renewable energy firm Shunfeng International Clean Energy (SFCE) had previously warned that it expected to report a loss in 2016 of around US$133 million (RMB 923 million) due to a catalogue of issues but revised analysis by the company put the figure significantly higher at around US$348 million.
NTPC targets 32GW of renewable energy deployment by 2032, The European Investment Bank (EIB) has signed an MOU with Mexican development bank NAFIN over renewables in Mexico, TEDA has invited expressions of interest for a 500MW solar park in Tamil Nadu.
This week's Movers & Shakers focuses on big career moves in Germany, India and the US. SMA Americas plans a major push into the US market, the International Solar Alliance welcomes a new interim director and India's Hartek Group takes on BHEL's Jeet Chhatwal to develop innovative automated systems and procedures for day-to-day activities which further improve productivity and bring more efficiency.
Solar solutions provider Current, a subsidiary of GE, announced that it is developing more than 17MW in solar carport and ground-mounted projects across six states in the northeastern US.
‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS is allocating only US$50 million to capital expenditures in 2017, indicating there would be no new in-house capacity expansions in 2017.
Lawmakers and solar supporters in Maine have united to fight a widely criticised decision by the Public Utilities Commission (PUC) to phase out retail net metering by 2018.
New York has secured a contract with UGE International and Gotham Community Solar to develop and construct the state’s first ever community solar project at a multi-tenant commercial facility in Brooklyn.
Minnesota governor Mark Dayton has vetoed anti-solar bill HF 234/SF 141 that would have removed the authority of the state Public Utilities Commission (PUC) to settle certain electric utility disputes.
