Innergex Renewable Energy has closed construction financing, a tax equity commitment, and secured a seven-year term loan facility for the 200-MW Hillcrest solar project in Brown County, Ohio. The $191.8 million financing was led by CIT’s Power and Energy group and includes MUFG and Mizuho,...
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In a recent interview with pv magazine, Supreeth Srinivasa Rao – associate director of the industrial practice at Frost & Sullivan – explained how drones can minimize the need to send employees to project sites, as they can be deployed for monitoring, operations, and maintenance...
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The Western Downs project will become Australia's largest solar farm upon completion, roughly 460 to 480 MWp. The installation is expected to produce significant economic benefits in southwestern Queensland. From pv magazine Australia French renewables developer Neoen has decided to go ahead with its plans to build...
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Three major Chinese PV manufacturers have announced capacity expansion plans over the past week. Chint also released its 2019 financial results, while Kstar unveiled a new inverter supply deal.FIRST to raise funds for new manufacturing base First Applied Material announced plans on Thursday to raise up...
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The holy grail of energy storage has always been low-cost and long-duration. Form Energy intends on deploying a 1 MW/150 MWh system with a Minnesota utility before 2023, an unprecedented energy storage duration if successful.From pv magazine USA Form Energy, a secretive, long-duration energy storage startup...
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The country earned a score of 6.3 on a 10-point scale on the basis of its investment, partially usage or plans to use renewable energy in the near future—in a study by UK based analytics firm British Business Energy. The USA ranks first with a...
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U.S. residential solar installer Sunrun reported strong solar deployments and revenue to start 2020, even with orders decreasing by as much as 40% for periods in March. Micro-inverter manufacturer Enphase's first-quarter revenues exceeded expectations as the company set an all-time gross margin record and announced...
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Startup Solean claims that its new fully automated production equipment offers a highly flexible way to bring panel manufacturing back to Europe.From pv magazine France The Covid-19 health crisis has highlighted a number of weaknesses in European industry including the solar sector, which is heavily dependent...
Read MoreA concise three-sentence letter sent by the U.S. Treasury Department on Thursday suggests relief is on the way for a renewables industry concerned about meeting quickly approaching tax credit deadlines. The letter came in response to a late April appeal from a bipartisan group of senators,...
Read MoreDistributed solar and storage company SunPower ended the first coronavirus-influenced quarter with a loss, but some optimism for a rebound as it reported Q1 earnings on Thursday. After a rough April, SunPower said demand appears to be slowly growing back to pre-coronavirus levels. With shutdown orders...
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