Middle East

Elon Musk has revealed that a Saudi sovereign wealth fund has approached him with a definite offer, and has announced advisors as the company forms a special committee.

The Dubai-based company will base their U.S. operations in Arizona. They launch with a 50 MW portfolio as EPC and/or co-development service provider.

The U.S. government’s lender for U.S. interests operating in developing markets increased clean energy financing in 2017, despite the arrival of the Trump Administration and an ongoing investigation.

The President’s proclamation provides a path for specific products to apply for exemption from tariffs, which had been sought by both SunPower and the government of Korea. Additionally, imports from a number of developing nations are exempt as long as import levels remain small.

Revenue for the power electronics company rises 22% sequentially in third quarter to reach $167 million, with more than 676 MW of inverters shipped

Israeli module level power electronics firm posts highest gross margin to date despite slowdown in U.S. residential market, which remains the firm’s chief revenue stream.

Richmond, CA-based AlionEnergy expects the first commercial installation of its new tracker system as early as February.

DEWA has signed a $29.90/MWh PPA with Masdar for the 800 MW third phase of the Mohammed bin Rashid Al Maktoum solar park.

IdeemaTec, the Wallerfing, Germany-based tracker manufacturer, announced at SPI that it has won new projects in Georgia and Tennessee following the opening of its first U.S. office in Charlotte, in July.

The thin film maker and developer reports 160 MW-DC of PV module orders in Turkey, while putting 130 MW-AC of projects online in India.