Canadian Solar has closed US$45 million in financing with Natixis, a subsidiary of French banking company Groupe BPCE, that will be used to construct Canadian Solar’s 68MW PV project in Aguascalientes, Mexico.
Acciona and Tuto Energy, who each own a 50% stake in the 404MW Puerto Libertad solar project in Sonora, Mexico, have signed a financing agreement for the project of up to US$264 million with four banks.
Mexican asset manager Prana Power has acquired a 108MW Mexican solar project from Madrid-based Dhamma Energy and US-headquarted firm Sunpower, who partnered on developing the project since 2015.
Madrid-headquartered PV developer Dhamma Energy has closed the sale of a 37MW ready-to-build solar project located in the Mexican state of San Luis Potosi to asset manager Balam Fund.
Major horizontal single-axis solar tracker firm Soltec is to supply 90MW of its trackers to PV projects located in the regions of Guanajuato and Aguascalientes in Mexico.
‘Silicon Module Super League’ (SMSL) member Canadian Solar reported first quarter 2018 financial results that were better than expected as revenue and shipments were higher than guided with further PV power plant sales completed in the quarter.
Ingeteam has signed contracts to supply inverters to 555MW of solar projects in Mexico, mainly in large-scale systems but also for commercial plants based on string inverters.
According to GTM Research, global solar PV installations are expected to surpass 104GW in 2018, despite the top four markets, including China, forecasted to decline collectively by 7%.
Leading solar tracking company NEXTracker said it had achieved 100% on-time delivery for Enel Green Power’s 754MW PV power plant in Mexico, which has deployed its Gen2 ‘NX Horizon’ self-powered tracker system.
US-headquartered high-efficiency PV module producer SunPower Corp has announced plans to reduce its workforce by 3%, due to the Section 201 trade case decision by US President Trump to impose new import tariffs of solar cells and modules imported into the country.
Gostaresh completes 10MW PV project in Sistan and Baluchestan, Zambia readies 100MW solar tender under GET FiT programme, ADB launches government rooftop PV projects in Micronesia, Seraphim module supply agreement in Mexico with Solar Center.
Acciona Energía has started construction on a 404MW solar project in the Mexican state of Sonora, which has been developed in a 50:50 joint venture with Tuto Energy.
