Sam Pothecary
SMA’s yearly financials show record sales output, but a drop in revenues
Last year was a goody for German solar inverter manufacturer, by posting recording breaking sales figures alongside a rise in EBIT, however, the increase in price pressure in 2016 saw revenues fall, while this trend is expected to continue in 2017.
BayWa sells 47 MW of solar plants to PSE&G Solar Source
New Jersey-based utility Public Service Electric and Gas Company (PSE&G) is branching out its solar acquisition portfolio, by acquiring two utility-scale PV plants from BayWa r.e. in North Carolina, through its subsidiary PSEG Solar Source.
CleanCapital and Generate Capital enter $300 million partnership to focus on distributed solar
The two U.S.-based companies have announced a major partnership for the acquisition of $300 million in operating clean energy assets, with a focus on distributed solar projects in the near-term.
PVMA: 75 GW of solar PV installed globally in 2016
The PV Market Alliance has released its official solar installation figures for 2016, which show a 50% growth from 2015 with a total of 75 GW installed. This was mainly driven by a mammoth year of installations in China, although the future would seem less auspicious as the two biggest markets show signs of retraction.
Vivint Solar secures $303 million in fresh financing
Vivint Solar has started 2017 on a high, with the closing of $303 million in new financing from a total of five different investors, which will allow the company to repay existing borrowing and install a number of new residential systems.
Off Grid Electric secures $7.5 million in debt financing
The California-based provider of off-grid solar power in Africa rounded off an excellent 2016 for the company with a further $7.5 million in debt financing and a partnership with Rwanda’s national utility company, off the back of further expansion plans across Africa.
Trina Solar shareholders approve deal to go private
Chinese tier 1 solar manufacturer Trina Solar looks all set to become a private company, after its shareholders approved a merger with Fortune Solar and Red Vibumum.
sPower signs 105 MW PPA under community choice aggregation program
sPower has secured a 20-year power purchase agreement (PPA) for 105 MW-AC of solar power with community choice aggregator MCE in California, making it sPower’s largest contract of this type to date, and the largest community choice aggregation (CCA) agreement known to pv magazine.
IKEA to install 1.2 MW solar array on Columbus store
The Swedish retailer continues its march to energy independence using renewable sources, as it sets out plans to install its 46th solar array in the U.S., with a 1.21 MW PV system for the rooftop on its Columbus, Ohio, store that will be installed by REC Solar.
Mercom Capital forecasts 13 GW of U.S. solar installations for 2016
Solar industry analyst Mercom Capital has reported encouraging annual solar installation forecasts of 76 GW across the globe for 2016, driven by record-breaking installation figures from China, while the anticipated slow-down in 2017 is now expected to be less dramatic than originally thought, with forecasts of 70 GW.
