China-based PV manufacturer and project developer ET Solar signed a cooperation agreement with the largest PV inverter producer, Huawei as it aligns key suppliers around its plans to build 1GW of PV power plants around the globe over the next 12 months.
The PV commercial and utility-scale operations & maintenance (O&M) market has been growing in tandem with the growth in global installations. Once seen as an ancillary market, its presence and significance has taken on a new meaning in recent years and is providing innovations and business practices that only enhance the PV project market.
EDF Energies Nouvelle and 'Silicon Module Super League' (SMSL) member Canadian Solar will collaborate on the 191.5MW Pirapora I project, with the latter selling 80% of its stake in the facility.
Leading ‘Silicon Module Super League’ (SMSL) member JinkoSolar said its founder and chairmen, Xiande Li would purchase a major share it the downstream PV power plant business, Jinko Power for US$250 million.
Independent power producer sPower said it had secured a tax equity investment and syndicated construction and term loan facility totalling US$786 million to build 9 solar projects in Lancaster, California with a capacity of 339MW.
Credit ratings firm Fitch has praised Argentina’s RenovAR program for solar and wind utility-scale project plans, due to its structure that addresses legal and off-take risks.
TerraSmart has developed its TF2 fixed-tilt ground-mount racking system that is claimed to offer faster installation times with 66% less hardware than TerraSmart's previous racking system.
Solar PV developer 8minutenergy Renewables said it had started operations in Texas to develop and acquire over 2GW of utility-scale PV power plant projects in the state.
The US Energy Department's National Renewable Energy Laboratory (NREL) has highlighted continued PV system cost reductions in its latest quarterly report, ‘US Solar Photovoltaic System Cost Benchmark Q1 2016’.
