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IDRO and SCHMID Group plan to establish a solar PV manufacturing facility to produce modules in Iran. Annual capacity: 200 MW

Solar PV manufacturing in Iran: IDRO and SCHMID Group start collaboration


The Industrial Development & Renovation Organization of Iran (IDRO) and SCHMID Group (Freudenstadt, Germany) will start a collaboration to establish a fully integrated solar photovoltaic (PV) manufacturing plant in Iran. The PV production facility will include the entire photovoltaics value chain, including production of polysilicon, solar wafer, solar cell and PV module, SCHMID announced. Read more...

The study finds that the 20 GW of solar installed as of the end of 2014 is already lowering annual greenhouse gases (GHGs) by 17 million metric tons, worth about USD 700 million per year

New study: Solar power could supply 27% of U.S. electricity demand in 2050


Solar power could deliver USD 400 billion in environmental and public health benefits throughout the United States by 2050, according to a study from the U.S. Department of Energy (DOE)’s Lawrence Berkeley National Laboratory (Berkeley Lab) and National Renewable Energy Laboratory (NREL). “We find that an U.S. electric system in which solar plays a major role – supplying 14% of demand in 2030, and 27% in 2050 – would result in enduring environmental and health benefits,” said Ryan Wiser of Berkeley Lab’s Energy Technologies Area. Read more...

Dr. Mark Keevers with one of the spectrum splitting, four-junction mini solar PV modules developed at UNSW

UNSW engineers reach a new world record: Solar PV cell efficiency pushed to 34.5%


A new solar photovoltaic (PV) cell configuration developed by engineers at the University of New South Wales has pushed conversion efficiency to 34.5% – establishing a new world record for unfocused sunlight and nudging closer to the theoretical limits for such a device. Read more...

The World Bank project will finance the installation of at least 400 MW of grid-connected rooftop solar across India

World Bank approves USD 625 million to support 400 MW rooftop solar PV program in India


The World Bank Board on May 13th, 2016 approved a USD 625 million loan to support the Government of India’s program to generate electricity from widespread installation of rooftop solar photovoltaics (PV). The Board also approved a co-financing loan of USD 120 million on concessional terms and a USD 5 million grant from Climate Investment Fund’s (CIF) Clean Technology Fund. The project will finance the installation of at least 400 MW of grid-connected rooftop solar (GRPV) across India. Read more...

SkyPower utility-scale solar PV project

SkyPower, BYD to submit joint bid for 750 MW of solar PV development in India


SkyPower Global (Toronto, Ontario, Canada), a developer and owner of utility-scale solar photovoltaic (PV) projects, on May 13th, 2016 announced it has entered into an agreement with BYD Company Ltd. (Guangdong, China) to submit a joint bid in the upcoming tenders for solar power generation capacity and energy storage of up to 750 MW in India. Read more...

Aerial view of SolarReserve’s Crescent Dunes CSP plant in the U.S.

SolarReserve, Shenhua Group to partner on 1 GW of CSP projects in China


SolarReserve LLC (Santa Monica, California, U.S.), a developer of utility-scale concentrating solar power projects (CSP) and advanced solar thermal energy storage technology, and Shenhua Group Corporation, Ltd. (Beijing), a state-owned enterprise in the People's Republic of China, on May 3rd, 2016 announced the companies have signed a Memorandum of Understanding (MOU) to build 1,000 megawatts of solar thermal projects in China. Read more...

Commercial solar PV systems was SMA’s largest growth driver in Q1, 2016

SMA Solar Technology AG profitable in all core segments in Q1, 2016


SMA Solar Technology AG (Niestetal, Germany) has had a successful start to the new fiscal year. The SMA Group’s sales increased by 12.2% to EUR 253.8 million in the first quarter of 2016 (Q1, 2015: €226.3 million) and exceeded the Managing Board’s forecast of EUR 235 million to EUR 240 million. EBIT was EUR 25.3 million (Q1, 2015: €–5.4 million), in line with the Managing Board’s forecast of EUR 23 million to EUR 27 million. Read more...

Saft 1–10 MW energy storage system

Total files friendly tender offer valuing Saft’s equity at EUR 950 million


Total (Paris, France) and Saft (Paris, France) on May 9th, 2016 announced that, following the signature of an agreement between the companies, Total filed a friendly tender offer on all of the issued and outstanding shares in the capital of Saft, a designer and manufacturer of advanced technology batteries and energy storage systems, with the French Financial Markets Authority (AMF). The proposed offer will target all of Saft’s issued and outstanding shares at a price of EUR 36.50 per share, ex-dividend of EUR 0.85 per share, valuing Saft’s equity at EUR 950 million. Read more...

Rising from less than 3 GW of solar PV capacity in 2005, Europe surpassed 100 GW in the second quarter of 2016

SolarPower Europe celebrates 100 GW of PV capacity installed in Europe


According to new information from IHS Inc. (Englewood, Colorado, U.S.), Europe recently reached an important solar energy milestone, installing 100 gigawatts (GW) of grid-connected photovoltaic (PV) power. To mark this key development, SolarPower Europe, the industry association for solar power in the region, will hold a celebratory event on September 29th, 2016 in Brussels. Read more...

GTM Research expects the global solar PV market to reach 95 annual gigawatts by 2020

GTM Research: Global solar PV market to reach 95 annual gigawatts by 2020


After a record-breaking 2015, GTM Research (Boston, Massachusetts, U.S.) expects the global solar photovoltaic (PV) market to grow 21 percent and add 66 gigawatts (GW) of capacity by the end of the 2016. Tempered by policy pullbacks across major PV markets China, Japan and the U.K., PV growth will slow in 2017, but the market will reach 95 annual gigawatts by 2020, according to GTM Research. Read more...

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