US-headquartered high-efficiency PV module producer SunPower Corp has announced a definitive agreement for leading microinverter firm, Enphase Energy to acquire SunPower’s microinverter business (formerly SolarBridge Technologies) in a staggered cash and share deal.
An Indian clean energy firm hopes to bring down the cost of lithium-ion cell manufacturing below INR15,000 (US$222) / kWh and create batteries for rooftop solar with a 25-year lifespan, by setting up a manufacturing facility in the southern state of Tamil Nadu.
Tata Power Renewable Energy (TPREL), a subsidiary of Indian power giant Tata Power, has signed power purchase agreement (PPA) with GE to provide solar rooftop solutions for six manufacturing and services sites in India.
Port operator DP World’s Jebel Ali Free Zone (Jafza), a free economic zone at the western end of Dubai, has launched the UAE’s first green storage and warehouse facilities and is set to install 88,000 PV modules across its Dubai facilities' rooftops.
According to Bloomberg New Energy Finance (BNEF), the global average selling price (ASP) of solar modules is expected to decline by 35% in 2018, compared to previous forecasts of a 20% to 27% decline, due to the Chinese government curtailing solar growth through new policies initiated last Friday.
China-based solar PV project developer and operator ReneSola is one of the first companies to publically echo the impact expected from the Chinese government’s decision to significantly curtail solar deployment, highlighting the solar module ASP decline of modules as a key benefit to downstream developers.
Indian solar developer Azure Power has secured US$135 million in debt financing for 200MW of rooftop PV projects across India from a consortium of development finance institutions.
Leading solar PV inverter supplier Huawei has teamed with advanced solar monitoring and analytics firm, Locus Energy to support its launch of its ‘FusionHome’ Smart Energy Solution to the North American market in mid-2018.
Dubai Electricity and Water Authority (DEWA) has signed a memorandum of understanding (MoU) with one of the largest shipyard’s in the Middle East to share its expertise in solar power.
