SolarVision, a developer of solar energy projects, has successfully closed an US$18 million transaction to fund its 5MW utility-scale PV project in Celina, Ohio, US. The funding was the result of a comprehensive partnership with New Energy Capital Cleantech Infrastructure Fund, Q-Cells North America, Finance Fund and JPMorgan Chase & Co.
8minutenergy Renewables, a developer of utility-scale solar PV projects, has received conditional use permits (CUP) for three of its large-scale PV projects from the Imperial County Board of Supervisors. The projects have a total capacity of 275MW and will be built in the Imperial Valley, California, US, in partnership with Gestamp Solar.
Canadian Solar advised that the sale of its Canadian Solar 1 installation has been completed with the utility-scale power plant sold to Stonepeak Infrastructure Partners for US$48.4 million. Canadian Solar was the developer, EPC and construction financier for the project, which is built near the town of Napanee. The installation is connected to the grid and uses nearly 50,000 of the company’s CS6M modules.
Xcel Energy, a US electricity and natural gas company, has announced an end to its Solar Rewards scheme. Xcel Energy was seeking approximately 4.5MW of generation, from systems less than or equal to 500kW; it received approximately three times that amount in applications in about 30 minutes after the program opened at 8a.m. last week. Acceptance of applications ended after an hour.
Ingenostrum, a Spanish developer of PV projects, is planning to build another large-scale solar power plant in Antofagasta, Chile, Photon has revealed.
Three months of deliberations has resulted in the Chinese Ministry of Commerce (MOFCOM) finding six US renewable energy initiatives guilty of flouting World Trade Organization laws. MOFCOM is dictating it will take necessary measures to force the US to cancel these initiatives in order to bring it inline with WTO statute.
Daqo New Energy Corporation, a Chinese manufacturer of polysilicon, has received a notification from the New York Stock Exchange (NYSE) claiming that the company does not meet its price criteria.
With a debt of ¥1.25 trillion (US$16 billion), Japanese electronics manufacturer Sharp Corporation has been feeling the weight on its shoulders and will submit an asset report to its banks next month in order to identify any flagging businesses it could sell to raise some finance, Reuters revealed.
Non-governmental organization (NGO), the Centre for Science and Environment (CSE), is accusing US thin-film manufacturers of using a loop hole in the Indian government’s renewable energy scheme to “ruin the Indian domestic PV industry”. Jawaharlal Nehru National Solar Mission (JNNSM) initiative mandates a domestic content requirement, however, only for crystalline PV and not for thin-film.
