TerraForm buys 320 MW, Batteries for trains: pvMB 10/3/19

TerraForm buys up another 320 MW of solar –  According to this filing, TerraForm has purchased 320 MW of solar from subsidiaries of AltaGas Ltd., a Canadian corporation, for a total purchase price of $720 million plus a working capital adjustment. The ownership of the portfolio’s delayed projects for which sellers have not yet received required third party consents or have not completed construction will be transferred to the Terraform once such third party consents are received or construction is completed. The delayed projects represent fewer than 50 MW of the Portfolio’s capacity. Source: TerraForm

Chinese PV makers challenge anti-subsidy rates for PV – “Chinese producers and exporters are challenging U.S. anti-subsidy rates on certain imports of Chinese solar power cells. The U.S. maintains countervailing duties on crystalline silicon photovoltaic cells, whether or not assembled into modules, from China. The Commerce Department recently concluded a periodic review of these duties, covering imports that entered the U.S. in 2016. Canadian Solar Inc. and its affiliates were hit with a 9.7% duty rate. Jinko Solar Import and Export Co. and its affiliates were hit with a 12.76% rate. All other Chinese producers and exporters were hit with an 11.81% rate.” Source: Bloomberg

Batteries for trains – Bombardier Transportation has signed a Memorandum of Understanding (MOU) with Leclanché for Bombardier Transportation to use Leclanché’s cells (GNMC & LTO), module and pack technology across their extensive portfolio of trains. The move is being made in order to reduce the industry’s dependence on diesel engines and lead to a subsequent reduction in greenhouse gas emissions by the railway sector. Source: Leclanché

Sun Tribe Development names CEO – “Sun Tribe Solar today announced the hiring of Danny Van Clief, a widely respected national renewable energy leader and the former President of Coronal Energy, as CEO of Sun Tribe Development, the Company’s utility scale solar division. Prior to his appointment as CEO of Sun Tribe Development, Danny was the President of Coronal Energy, an exclusive strategic partner of Panasonic North America, having previously served as the Company’s Chief Commercial Officer and Chief Operating Officer.” Source: Sun Tribe Solar

Yotta named Solar Power International 2019 Startup of the Year – “Yotta was named Solar Power International (SPI) 2019 Startup of the Year winning recognition for its panel-level energy storage technology with smart thermal protection. Startup Alley is sponsored by Mercom Capital Group, a global communications and research firm focused on cleantech. The winner also received a $10,000 marketing and communications package.” Source: Yotta