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energy markets

Average costs for electricity generated by solar and wind could decrease by 59% by 2025: IRENA

International Renewable Energy Agency (IRENA) in its latest report revealed that average costs for electricity generated by solar and wind technologies could decrease by between 26 and 59 per cent by 2025. The report, The Power to Change: Solar and Wind Cost Reduction Potential to 2025, finds that with the right regulatory and policy frameworks in […]

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Trina Solar’s cumulative shipments of solar modules hits 1 GW milestone in the Indian market

Trina Solar has announced that its cumulative shipments of solar modules to India have exceeded 1 GW to date with around 20% market share in the region in 2015. The company in a statement said it has successfully built an extensive sales network throughout India, offering innovative solar PV solutions to developers, distributors, engineering, procurement […]

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BayWa r.e. targets the South-East Asian market for expansion of its solar business

BayWa r.e. targets the South-East Asian market for expansion of its solar business. The company will manage solar projects in Thailand, Philippines, Malaysia, Indonesia and other South-East Asian countries from its offices in Singapore and Bangkok. BayWa r.e. will also tap into the market potential of this region for the benefit of its photovoltaic trade […]

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JinkoSolar announces unaudited financial results for the Q1 2016

JinkoSolar Holding has announced its unaudited financial results for the first quarter ended March 31, 2016. In first quarter company’s total solar module shipments were 1,600 megawatts (“MW”), which includes 166 MW to be used in the Company’s downstream projects. Total solar module shipments decreased by 6.4% from 1,710 MW in the fourth quarter of 2015 […]

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Samsung SDI to start operation of PV paste plant in Wuxi, China in June

Samsung SDI has announced that it will start operating a photovoltaic paste production line in June in its Wuxi Plant located in Jiangsu Province, China. Last year in September installation of a polarized film production line and a paste production line parallel started in Samsung SDI’s Wuxi Plant. The paste production line was recently completed, […]

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Vivint Solar closes a tax equity investment fund with new investor

Vivint Solar closed a tax equity investment fund with a new investor, with an aggregate funding commitment of $75 million, which will enable the company to install more than 45 megawatts of residential solar energy systems. This is company’s first investment fund with this tax equity investor. The investment will enable Vivint Solar to design, […]

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ReNew Power & Hareon Solar JV Commissions 72 MW Project in Andhra Pradesh

Leading solar players in the Indian and Chinese PV markets, ReNew and Hareon Solar Power has announced that their joint venture company has commissioned 72 MW solar PV plant project in Andhra Pradesh, India. The project, located across two districts of Andhra Pradesh – Kurnool and Prakasam – is expected to generate 115 million units […]

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Construction Machinery Giant – Caterpillar forays into the Solar Storage and Microgrid Business

Caterpillar – a known name in construction machinery and generators has forayed into the storage and microgrid markets which combine solar PV and energy storage with the company’s power generation equipment. Bringing along a years of experience in power generation –both in provider of generators and power projects, the company has acceptably sneaked into the […]

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GE to provide 220-megawatt (MW) LV5 Series solar inverters for DEWA’s solar project

GE has confirmed that it will provide 220-megawatt (MW) LV5 Series solar inverters for Dubai Electricity and Water Authority’s (DEWA) solar project in Mohammed bin Rashid Al Maktoum Solar Park. DEWA’s solar project is considered a breakthrough for the solar industry, as the DEWA power purchase contract with ACWA Power had been signed at one […]

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