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PV plant in China. According to GlobalData Asia-Pacific, will be a major downstream solar PV market in the future

GlobalData: World-wide installed PV capacity to more than treble from 136 Gigawatts in 2013 to 414 GW by 2020

2014-11-25

The global cumulative installed capacity of solar photovoltaic (PV) modules will more than treble from 135.66 Gigawatts (GW) in 2013 to 413.98 GW by 2020, according to research and consulting firm GlobalData (London, UK). The company’s latest report* states that emerging economies in Asia-Pacific, South and Central America and the Middle East and Africa are expected to be the major solar photovoltaic (PV) markets in the future, due to an increasing focus on renewable energy proliferation to fuel economic growth. Read more...

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PV plant in China. According to GlobalData Asia-Pacific, will be a major downstream solar PV market in the future

GlobalData: World-wide installed PV capacity to more than treble from 136 Gigawatts in 2013 to 414 GW by 2020

2014-11-25

The global cumulative installed capacity of solar photovoltaic (PV) modules will more than treble from 135.66 Gigawatts (GW) in 2013 to 413.98 GW by 2020, according to research and consulting firm GlobalData (London, UK). The company’s latest report* states that emerging economies in Asia-Pacific, South and Central America and the Middle East and Africa are expected to be the major solar photovoltaic (PV) markets in the future, due to an increasing focus on renewable energy proliferation to fuel economic growth. Read more...

Trina Solar Chairman and CEO Jifan Gao: “The profitability of our core business grew in the third quarter. Our operating income increased 127% from the previous quarter, largely driven by growing demand from Japan and China”

Trina Solar announces Q3, 2014 results: Increased shipments, profitability

2014-11-25

Trina Solar Limited (Changzhou, China) on November 24th, 2014 announced its unaudited financial results for the third quarter of 2014. Solar photovoltaic (PV) module shipments totaled 1,063.8 MW during the third quarter of 2014, compared to 943.3 MW in the second quarter of 2014, an increase of 12.8% Net revenues were USD 616.8 million, an increase of 18.8% from the second quarter of 2014. Gross profit was USD 102.8 million, an increase of 28.1% from the second quarter of 2014. Read more...

SunEdison PV plant in São Paulo, Brazil

SunEdison, Renova Energia joint venture to develop 1 GW of utility-scale PV projects in Brazil

2014-11-25

SunEdison Inc. (Belmont, Calif., US) and Brazilian renewable energy company Renova Energia S.A. (BZ: RNEW11) on November 24th, 2014 announced that they have created an exclusive joint venture to develop, own, and operate 1 gigawatt of utility-scale solar photovoltaic (PV) projects which will supply the Brazilian Regulated Electricity Market. Renova and SunEdison will each own a 50% stake in the joint venture. The venture plans to build and operate four utility-scale PV plants in Bahia State, Brazil by 2017. Read more...

The solar PV project will represent an investment of over USD 2 billion, the partners announced

New Generation Power to develop 1.2 GW of utility-scale solar PV projects in Nigeria

2014-11-25

New Generation Power (NGP, Chicago, IL, US) together with Motir Seaspire Advisors, LLC (Washington DC, US), signed a Memorandum of Understanding (MoU) with the Federal Government of Nigeria to deliver 1,200 megawatt (MW) of utility-scale solar photovoltaic (PV) projects within Nigeria. Expected to break ground by 2015 and be fully operational within the next two years, the completed solar photovoltaic (PV) project will represent an investment of over USD 2 billion, the partners announced. Read more...

Elkem Group intends to acquire the integrated PV player REC Solar ASA

REC Solar ASA announces to sell its business to Hong Kong based Elkem Group

2014-11-24

REC Solar ASA (Oslo, Norway), acting through a subsidiary, has reached an agreement with Bluestar Elkem Investment Co. Ltd. (Hong Kong, China), whereby Bluestar Elkem will purchase 100% of the shares in a Luxembourg company (to be established) which will own REC Solar Holdings AS and all of the assets and liabilities of REC Solar at a cash purchase price equal to NOK 108.50 per share in REC Solar. The total cash consideration is NOK 4,340 million (approx. USD 640 million). The Transaction is subject to approval by an extraordinary general meeting of REC Solar, expected to be held no later than January 16th, 2015. Read more...

Hanwha SolarOne manufacturing site. The company will expand cell and module capacities to at least 1.5 GW and 2.0 GW, respectively by the end of 2014

Hanwha SolarOne reports Q3, 2014 results: PV module shipments increased by 17.4% and revenues up 5.5% y/y

2014-11-24

Hanwha SolarOne Co., Ltd. (Shanghai, China) on November 21st, 2014 reported its unaudited financial results for the three months ended September 30th, 2014. Total net revenues were RMB 1,198.0 million (USD 195.2 million), an increase of 8.2% from RMB 1,107.3 million in Q2, 2014, and an increase of 5.5% from RMB 1,135.1 million in Q3, 2013. The increase in total net revenues in 3Q14 compared with 2Q14 was primarily due to higher shipments. Module processing services accounted for approximately 10% of revenues, the company reports. Gross margin was positive 6.8%, compared with positive 9.5% in Q2, 2014 and positive 5.1% in Q3, 2013. The decline in gross margins is the result of lower average selling price, Hanwha SolarOne notes. Read more...

The U.S. is home to more than 35 million residential and commercial rooftops that could host solar PV panels, and it has enough technical potential to meet country’s energy needs 100 times over. Image: Black & Veatch; Brightergy

New report: Solar PV in the U.S. has enough technical potential to meet the country’s energy needs 100 times over

2014-11-21

According to a new report by the Environment America Research & Policy Center (Boston, MA, US) solar power is growing so fast across the U.S. that goals once considered ambitious are now seen as readily achievable. “We can get to 10 percent solar by 2030 if we just keep our foot on the accelerator,” said Rob Sargent, Energy Program Director for Environment America and co-author of the report. “That’s a small fraction of what’s possible, but it will make a big difference in the quality of our lives and our children’s future.” Read more...

Mercom forecasts approx. 1.8 GW of PV installations in India in 2015

Cumulative solar Installations in India reach 3 GW; Mercom forecasts installations to double in 2015

2014-11-21

Mercom Capital Group (Austin, Texas, U.S.) released its quarterly update on the Indian solar market and reports that cumulative solar photovoltaic (PV) installations in India crossed the 3 GW mark with 734 MW installed so far this year. However, 2014 will be a disappointment with calendar year installations forecasted at about 800 MW, a 20 percent drop year-over-year, Mercom notes. Read more...

JinkoSolar shipped 658.1 MW of solar PV modules to third parties in Q3, 2014

JinkoSolar announces solid Q3, 2014 results; Total solar product shipments up 36.5% y/y

2014-11-21

JinkoSolar Holding Co., Ltd. (Shanghai, China) on November 20th, 2014 announced its unaudited financial results for the third quarter ended September 30th, 2014. Total solar product shipments to the third parties amounted to 708.2 megawatt (MW), consisting of 658.1 MW of solar photovoltaic (PV) modules, 30.3 MW of silicon wafers and 19.8 MW of solar cells. This represents an increase of 7.4% from 659.5 MW in the second quarter of 2014 and an increase of 36.5% from 518.9 MW in the third quarter of 2013. Total solar module shipments were 758.1 MW, which includes 100 MW to be used in the Company's downstream projects. Read more...

The study shows that solar PV will be cheaper than the wholesale price of electricity between 2025 and 2028

STA analysis: Home grown UK solar power to be cheaper than gas

2014-11-20

The British Solar Trade Association (STA) on November 20th, 2014 published new analysis showing that the cost of generating electricity from a typical 10 MW solar photovoltaic (PV) farm in the UK is set to fall faster than many think over the next 15 years. The report “Cost reduction potential of large-scale solar PV”, is based on a survey of the trade association’s member companies and their cost forecasts between now and 2030. Read more...

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