Hanergy Scraps Agreement for US$2 Billion of BIPV Contracts
Hanergy Thin Film Power Group has cancelled two contracts worth almost US$2billion, after conditions were not met.
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Solar
Fengate Capital Acquires Two UK Solar Plants for US$82 Million
Canada’s Fengate Capital Management has finalized the purchase of two solar parks for US$82 million, its first investment in the United Kingdom.
Fengate Capital Acquires Two UK Solar Plants for US$82 Million Read More »
United Photovoltaics to Acquire Two Chinese Solar Projects
United Photovoltaics Group a unit of China Merchants New Energy Group, has acquired two solar power plants in China with a total installed capacity of 40 megawatts from Zhaoxin Energy Investment Co.
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Green Power EMC and Silicon Ranch Develop 52-MW Solar Plant
Green Power EMC and Silicon Ranch Corp. are developing a 20-megawatt solar generating facility in Jeff Davis County in southeast Georgia near Hazlehurst.
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SunEdison Terminates Agreement to Acquire Stake in Renova
SunEdison has terminated the securities purchase agreement with Light S.A. to acquire an approximate 16% stake in Renova for US$250 million.
Also terminated is an agreement among SunEdison and TerraForm Global and Brazil’s Renova Energia S.A. which provided for the acquisition of certain development-stage projects that were intended for a subsequent sale by SunEdison to TerraForm Global as call rights projects under the sponsor support agreement.
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Tri Global Energy Adds Solar to Portfolio With Acquisition of Installer
Tri Global Energy, a wind energy developer, has added solar to its portfolio with the formation of a new business unit–TGE Solar–and the acquisition of K12Solar, a California-based provider of roof-top solar photovoltaic energy systems.
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NextEra to Continue With 17MW of Solar Projects in Military Bases
NextEra Energy Resources said that it plans to continue a project to build, own and operate approximately 17 megawatts of solar facilities on three separate military installations on Oahu.
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sPower Starts Operating 22.5-MW Solar Plant in Los Angeles
sPower has completed and started operating its 22.5-megawatt Sierra Solar project, its first in Los Angeles County.
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EBRD Commits US$500 Million Support for Egypt’s Solar Target
The European Bank for Reconstruction and Development has earmarked up to US$500 million for 2016 to support Egypt’s new solar energy programme, which aims to construct up to 2,000 megawatts of utility-scale solar generating capacity as part of an ambitious target to secure 20% of electricity from renewable sources.
The 2,000MW capacity is expected to be delivered through around 40 projects of approximately 50MW each as part of a strategy to increase renewable power generation in Egypt by mobilising private sector investors. Many of these projects will be located on a planned 1.8-gigawatt site near Benban in Upper Egypt, which on completion will be the largest solar park in the world.
EBRD Commits US$500 Million Support for Egypt’s Solar Target Read More »
Yingli, R.Power Eye 60MW of Solar Projects in Poland
Yingli Green Energy Holding Co. subsidiary Yingli Green Energy Europe and Poland’s R.Power Sp. z have agreed to expand their joint project development pipeline in Poland from 30 to 60 megawatts.
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