Recent Solar

First Solar completes Barilla Solar Project

BRINGS COMPETITIVELY PRICED SOLAR POWER TO THE TEXAS MARKET First Solar, Inc. (Nasdaq: FSLR) today announced the completion of Phase 1 of the Barilla Solar Project in Pecos County, Texas, bringing approximately 18 MWAC of generating capacity to the Texas competitive wholesale market. First Solar will offer electricity generated by the Barilla plant on a […]

New Report Shows U.S. Solar Industry Nearing 16 GW of Installed Capacity

The United States’ solar market hit a major milestone in the second quarter of this year, with more than half a million homes and businesses now generating solar energy. According to GTM Research and the Solar Energy Industries Association’s (SEIA) Q2 2014 U.S. Solar Market Insight Report, the U.S. installed 1,133 megawatts (MW) of solar […]

SolarCity to Expand in Seven States, Open 20 New Operations Centers

New locations in Arizona, California, Delaware, Maryland, Massachusetts, Nevada and New York expected to create more than 600 new jobs SolarCity (Nasdaq: SCTY), the nation’s #1 solar power provider and largest solar employer, is expanding again. Following a quarter in which it more than tripled the number of new customers it added as compared to […]

California Moves to Improve Solar Incentive Program for New Homes

The California Energy Commission became the sole administrator of the New Solar Homes Partnership (NSHP) September 1. The program provides incentives to homeowners, builders and developers installing solar energy systems on new homes in Pacific Gas & Electric Company (PG&E), Southern California Edison (SCE), and San Diego Gas & Electric Company (SDG&E) territories. “The decision […]

FRV opens Royalla Solar Farm, the largest operating solar PV plant in Australia

FRV, a global solar development company with a 3 gigawatt (GW) development portfolio in emerging solar  markets,  begins  operation  of its  first large scale  solar project in  Australia today. Located south of Canberra, the Royalla Solar Farm has an installed capacity of 24 megawatts (MWdc) and will generate enough energy to power nearly  4,500 Canberra  homes while abating nearly 2.1 million pounds of carbon pollution each year.  FRV won the Power Purchase Agreement for the project in a  competitive tender process. An opening ceremony this morning was held to commemorate the event and attended by Minister of Spanish Foreign Affairs, José Manuel García‐Margallo, and the Australian Capital Territory Minister of the Environment, Simon Corbell. Other dignitaries in attendance included Australia’s Spanish Ambassador, Enrique Viguera, and Director‐General, Environment and Planning Directorate, ACT Government, Dorte Ekelund. “Royalla Solar Farm is a very important milestone for FRV not only in Australia, but globally, as it is our first project under operation since the incorporation of Denham Capital as our major shareholder,” said Rafael Benjumea, CEO of FRV, during the opening ceremony. “Through this commissioning, FRV is also bolstering its commitment to clean energy and further establishing itself as a global player in emerging solar markets.” FRV also recently announced financial close for two large scale projects, the 70MWdc Moree Solar Farm in Australia, and the 65MWdc Jacinta solar farm in Uruguay. Since 2006, the company has been involved in the development of solar projects around the world totaling $2.4billion. Royalla Solar Farm has been made possible thanks to the 2010 Australian Capital Territory (ACT) Government’s world leading Action Plan 2, regarding Climate Change and Greenhouse Gas reduction, which establishes for the ACT a 90 percent renewable energy target (RET) by 2020 as one of its initiatives. “ACT’s renewable energy program is a great example of what can be done with thoughtful regulation. It is bringing leading global companies to ACT with competitive prices,” Benjumea added. “From here we encourage the Australian Commonwealth Government to support the RET in order to spur more kinds of projects like Royalla.” Approximately 23 kilometers south of Canberra, the Royalla Solar Farm is situated near the Monaro Highway. The project is constructed over nearly 50 hectares and is the largest operating solar facility in the country. During construction ofthe Royalla Solar Farmapproximately 100 jobs were created. FRV is a leading global solar development company with a 3GW development portfolio in the emerging solar markets including Australia, the Middle East, Africa and Latin America. Such markets are primarily characterized by the fact that solar power generation can be provided at a cost less than the marginal cost of power and/or have broad support for the development of solar power. Since 2006, the management team has completed the construction, operation, maintenance and financing of over 500 MW of photovoltaic and CSP solar energy plants. Such projects represent more than $2.4 billion in total financings with more than 20 leading banks. Denham Capital, an energy and resources focused private equity firm with more than $7.9 billion in invested and committed funds, is majority shareholder in FRV.

Kyocera, Century Tokyo Leasing, Ciel et Terre Announce Construction of the World’s Largest Floating Solar Power Plant

New project commences Kyocera TCL Solar LLC’s floating solar power plant business in Japan Kyocera Corporation (President: Goro Yamaguchi; herein “Kyocera”), Century Tokyo Leasing Corporation (President: Shunichi Asada; herein “Century Tokyo Leasing”), and Ciel et Terre International (President: Alexis Gaveau; Japanese subsidiary Ciel Terre Japan K.K. herein “Ciel et Terre”) announced today that they will […]

SunEdison and Los Pelambres Mine (Antofagasta Minerals) close an Agreement to supply Solar Electric Power in Chile

he 69.5 MW DC Javiera solar photovoltaic power plant, located in the Antofagasta Region, will supply power to Los Pelambres copper mine (in the Coquimbo Region) through the Central Interconnected System. TerraForm Power, an owner and operator of solar power plants, intends to purchase the project after it becomes operational in 2015. SunEdison, Inc. (NYSE: […]

Conti Group Purchases 11 MW of Canadian Solar Modules

Canadian Solar Inc. (“Canadian Solar” or the “Company”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that it supplied Conti / SunDurance with 11 MW of solar modules during the second quarter of 2014. For this 11MW order, Canadian Solar delivered to the Conti Group in total 37,202 pieces of CS6X […]

Shunfeng to buy German developer SAG Solarstrom

Shunfeng Photovoltaic, the owner of module maker Suntech, has purchased insolvent German project developer SAG Solarstrom for €65 million (US$85.4million). Shunfeng, through the German subsidiary of Suntech, will acquire all of Solarstrom’s assets. The company had been looking for new investment after a number of delayed project payments forced it to begin insolvency proceedings at […]

Shunfeng rebounds on Wuxi Suntech’s significant Module Shipments

Wuxi Suntech’s business recovery since being acquired by Shunfeng Photovoltaic International has been short and dramatic according to Shunfeng’s first half year financial results. Although Shunfeng Photovoltaic, soon to rebranded Shunfeng International Clean Energy had little revenue before the acquisition and its downstream PV power plant business only started operations late last year, Wuxi Suntech’s […]