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JinkoSolar secures three PPAs for 188 MW of solar from Mexico’s Federal Electricity Commission

JinkoSolar, one of the top Chinese solar power firms has signed a long term PPA with Mexico’s Federal Electricity Commission (Comision Federal de Electricidad). The deal includes three solar projects that were awarded in April’s inaugural power auction. JinkoSolar, which is a Tier-1 Chinese solar company, has acquired PPA for 188 MW of solar PV […]

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Sungrow Raises US$ 400 Million to Strengthen Core Solar Business

Chinese PV inverter manufacturer Sungrow has announced that it issued 120 million additional shares—raising US$400 million of additional capital to strengthen it solar core business. With this new stock offering, the company is expected to reinforce its financial strength, reduce financial risk, and optimize its financial structure. The US$400 million raised in equity capital will […]

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Tesla wagers on renewable energy, to acquire SolarCity for $2.6 billion

Elon Musk’s Tesla Motors Inc. has acquired solar panel installer SolarCity for USD 2.6 billion. Tesla to acquire SolarCity in an all-stock transaction, under the agreement SolarCity stockholders will receive 0.110 Tesla common shares per SolarCity share, valuing SolarCity common stock at $25.37 per share based on the 5-day volume weighted average price of Tesla […]

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Ujaas Energy gets SP-1A Solar Energy Grading from CARE

Indore based Solar EPC Company, Ujaas Energy Limited (formerly M&B Swtichgears Limited) has received “SP-1A” grading for its system Integrated (PV) from CARE under the Ministry of New and Renewal Energy Scheme for accreditation of channel partners. “SP-1A” grading stands for the “Highest performance” and “Highest financial strength” Speaking on this occasion JMD, Ujaas Energy […]

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Alta Energy Hires Solar Veteran Mark Bettis as Vice President of Sales

Alta Energy, solar analytics and Procurement Company has hired Mark Bettis to serve as Vice President of Sales. Alta Energy enables commercial enterprises, property owners and agricultural companies to make clear, rational decisions about where, when and how to deploy renewable energy profitably. Prior to joining Alta Energy, Bettis served as Vice President of Sales […]

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Solar-Apps Energy announces availability of all in one solar LED street lights

Solar-Apps Energy has announced the availability of its all in one solar LED street lights. These new street lights use Lithium Phosphate batteries instead of inefficient lead acid. It comes with a LED heat sink for longer life, and fixed point tracking solar panel for highest efficiency. According to the company these all in one […]

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Oriental Group signs 50 MW Solar Project with Nigeria

Oriental Renewable Solutions, also a member of the Oriental Group, have announced that it has sealed a 20-year PPA for a 50 megawatts solar project in Jigawa State of Nigeria. The 50-MW solar project forms part of the 12 solar schemes of 1.2-GW project, which was recently secured off-take contracts with the NBET (Nigerian Bulk […]

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Azure Power installs 10MW rooftop solar PV project in Mohali, Punjab

Azure Power has installed a 10MW rooftop solar PV project in Mohali, Punjab. The 10 MW solar rooftop project is spread across eight locations in the state. Power produced by the solar plant will be sold to Punjab State Power Corporation Limited under 25-year power purchase agreement (PPA) at a tariff of Rs. 7.59/kWh. The […]

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