The theme of this week's Movers & Shakers is international expansion. PAYG off-grid solar provider Azuri Technologies is strengthening its leadership team to target West Africa, while Vancouver, Canada-based Solar Alliance Energy targets US assets and expands its sales team to accommodate for this. ABB appoints new regional heads to ensure direct market contact with Europe and the AMEA region.
Struggling China-based PV manufacturer Yingli Green Energy reported a full-year 2016 net loss of US$293.6 million with the majority of losses attributed to manufacturing impairment and supplier bad debt provisions incurred in the fourth quarter of 2016.
As part of India’s Green Energy Corridor scheme, the Ministry of Power has proposed setting up a host of Renewable Energy Management Centres (REMCs) across the country to help integrate renewables as their penetration increases.
China-based PV energy provider (PVEP) United Photovoltaics Group reported a 58% increase in revenue for 2016, driven primarily by the addition of 415.4MW of new PV power plants under ownership.
In a manual directly aimed at policy makers, the International Energy Agency (IEA) has sought to debunk various myths about integrating wind and solar to the grid, while also providing solutions to bona fide problems that can arise.
UK-based Foresight Solar Fund has set its sights on a new pipeline of solar assets with a capacity of 250MW and announced a new share issuing and placing programme to fund it.
Spanish-based solar tracking companies Grupo Clavijo and MFV Solar, along with the support of the Q-Growth Fund, have announced a merger agreement to form NCLAVE, a new PV tracker company.
