Berkeley Lab: Median installed price of solar PV in the U.S. fell by 5–12% in 2015

Solar energy system pricing is at an all-time low, according to the latest editions of two recurring “state of the market” reports released on August 24th, 2016 by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory (Berkeley Lab). Within the market for distributed solar photovoltaic (PV) systems, installed prices in 2015 declined by USD 0.20-per-watt (W) or 5% year-over-year for residential PV systems, by USD 0.30/W (7%) for smaller non-residential systems, and by USD 0.30/W (9%) for larger non-residential systems.

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ReneSola Q2, 2016 results: Revenue, gross profit down due to lower wafer ASP and reduced PV module shipments

ReneSola Ltd. (Shanghai, China) on August 24th, 2016 announced its unaudited financial results for the second quarter ended June 30th, 2016. ReneSola’s total external solar photovoltaic (PV) module shipments were 282.4 MW in the quarter, while module shipments to the Company's downstream projects were approximately 18.9 MW.

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InterContinental to open Dubai’s first 100% solar powered hotel in 2017

Solar energy and sustainability are important trends in hospitality. In 2017, InterContinental Hotels Group (IHG) is forecast to open Dubai’s first 100% solar powered hotel, dmg events reports.

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Matt Walz appointed CEO of REC Solar

REC Solar Inc. (San Luis Obispo, CA, U.S.) on August 24th, 2016 announced the appointment of Matt Walz as chief executive officer. Walz has worked at Duke Energy for 12 years and joins REC Solar after serving on the company’s board of directors. Walz’s appointment is an extension of Duke Energy’s commitment to provide affordable and accessible energy solutions to REC Solar’s commercial customers, reads the press release.

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ENGIE Electrabel selects Sungevity as solutions partner to address Belgian solar market

Sungevity, Inc. (Oakland, California, U.S.), a solutions provider for residential and commercial solar energy customers, on August 24th, 2016 announced a partnership with ENGIE Electrabel (Brussels, Belgium), a subsidiary of the ENGIE Group (formerly GDF Suez), to provide a full suite of solar services to electricity customers in the Belgian market. As part of the agreement, ENGIE Electrabel will market a co-branded solar offering to existing and potential customers and Sungevity will provide all aspects of sales, design, installation and maintenance of the Energy Systems to those customers, the company reports.

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Conergy starts construction on Australia’s first grid-connected, utility-scale solar and battery storage project

On August 23rd, 2016, Conergy announced the beginning of the construction of Australia’s first solar and storage project, designed to consistently feed renewable energy into the grid and demonstrate the capability for large-scale solar and storage to provide reliable future power quality and supply at a fringe-of-grid location. The USD 42.5 million project, located off the Mulligan Highway at Lakeland in Far North Queensland, is the Southern Hemisphere’s first integrated solar, storage and fringe-of-grid project of this size and scale, and will demonstrate grid-to-islanding functionality, the company reports.

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Energy Storage: Greensmith partners with E.ON and TEP for a 10 MW project in Arizona

Greensmith Energy (Herndon, VA, U.S.), a provider of energy storage software and turnkey solutions announced it will partner with E.ON Climate and Renewables and Tucson Electric Power (TEP) to design and deliver a grid-scale energy storage system located at the University of Arizona Science and Technology Park southeast of Tucson.

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Quercus supports a 20 MW solar PV plant in an earthquake region in Italy

Quercus Assets Selection (London, UK), through its subsidiary Lux Renewable Holdings SA, has supported the construction of a 20 MW solar photovoltaic (PV) plant in the town of Celano (in the Abruzzo region, Italy), which was hit by an earthquake in 2009. The PV plant will be producing 28,500 MWh of solar power per annum – enough for on average 10,300 homes. The plant has been granted a subsidised rate as per the second Conto Energia in accordance with the extension granted to support the regions hit by the earthquake.

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Trina Solar Q2, 2016 results: 1.7 GW of PV modules shipped, gross margin improved to 18.3%

Trina Solar Limited (Changzhou, China) on August 23rd, 2016 announced its unaudited financial results for the quarter ended June 30th, 2016. The company shipped solar photovoltaic (PV) modules totaling 1,658.3 MW in the quarter, consisting of 1,619.0 MW of external shipments and 39.3 MW of shipments to the Company's own downstream solar power projects.

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Yingli Solar Q2 results: 662 MW of PV modules shipped; Gross margin slightly improved

Yingli Green Energy Holding Company Limited (Baoding, China), known as “Yingli Solar,” on August 23rd, 2016 announced its unaudited consolidated financial results for the quarter ended June 30th, 2016. The company shipped photovoltaic (PV) modules totaling 662.0 MW in the quarter, compared to 508.1 MW in the first quarter of 2016. Yingli Solar’s total net revenues were RMB 2,524.1 million (USD 379.8 million), compared to RMB 2,351.1 million in the first quarter of 2016.

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Hanwha Q CELLS Q2, 2016 results: Gross profit increased by 39%, net income almost tripled

Hanwha Q CELLS Co., Ltd. (Seoul, South Korea), on August 23rd, 2016 reported its unaudited financial results for the second quarter of 2016. The company’s net revenues were USD 638.0 million, compared with USD 514.9 million in the first quarter of 2016 and USD 338.0 million in the second quarter of 2015. Gross profit was USD 151.2 million, compared with USD 109.0 million in the first quarter of 2016 and USD 58.4 million in the second quarter of 2015.

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Canadian Solar subsidiary Recurrent Energy announces commercial operation of the 134 MW Mustang PV plant in California

Canadian Solar Inc. (Guelph, Ontario) on August 23rd, 2016 announced that its wholly owned subsidiary Recurrent Energy (San Francisco, CA, U.S.) has reached commercial operation of the 134 MW (100 MWac) Mustang solar power project in Kings County, California.

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Wiki-Solar: Global utility-scale solar PV reaches 75 GW at mid-2016

End-June 2016 figures herald a 6th consecutive record year for utility-scale solar photovoltaics (PV), according to capacity data released on August 22nd by Wiki-Solar. Wiki-Solar defines ‘utility-scale solar’ as 4 MWAC and above. New PV plants totaling 10 GW have been commissioned so far in 2016, and an installed total of 100 GW might still be achievable by year-end.

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Voltalia finalises the acquisition of Martifer Solar

Voltalia (Paris, France), a renewable energy based electricity producer, successfully finalises the acquisition of Martifer Solar (Oliveira de Frades, Portugal), a key player in the global solar power market. First announced on June 20th, 2016, this transaction is part of Voltalia's continued plan to grow through the diversification of its energy mix and its geographic footprint.

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Capital Gold Group expects demand for silver utilized for solar PV manufacturing to sky-rocket in the next 5 years

The Capital Gold Group (Los Angeles, CA, U.S.) on August 22nd, 2016 published its internal think tank study, “Sustainability, Solar, and Silver.” The feasibility report by global research associates projects the demand for silver utilized for solar photovoltaic (PV) panel manufacturing to sky-rocket in the next 5 years, driven by sustainability initiatives of multi-national corporations and governments worldwide.

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Energy storage: TRUMPF Huettinger develops specially designed inverters for redox flow batteries

Renewable energies will only unlock their full potential where storage technologies and extended power grids are available. A new type of battery might be the key, and the vital electronics are now being developed at TRUMPF Huettinger (Freiburg, Germany)

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Intersolar South America 2016 breaks record; exhibition area expanded by 100%

On August 23rd, 2016, the doors to the 5th Intersolar South America will open at Expocenter Norte (São Paulo, Brazil). Visitors from more than 33 countries have already registered to this year’s exhibition, the organizers report. They will meet 176 exhibitors from 12 countries – a year-on-year rise of 60%. The exhibition area has also been expanded by 100%. The show offers a treasure trove of exhibitors from Photovoltaic and Solar Thermal manufacturers, suppliers, distributors, service providers, developers, systems integrator and research agencies.

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Solarpack wins PV contract in Chile’s auction with a record bid of USD 29.1/MWh, will construct a 120 MWp solar park

Solarpack (Getxo, Spain), a multinational company that develops and builds solar photovoltaic (PV) power plants, has been awarded in the Chilean Supply Tender 2015/01 to supply 280 GWh annually, beginning in 2021. This Supply Tender has been promoted by the National Energy Commission (CNE) and by the group of electrical distributors of Chile. To reach this production, Solarpack, through its subsidiary Maria Elena Solar S.A, will construct the solar photovoltaic (PV) park “Granja Solar” of 120 MWp that is expected to enter commercial operation in 2019, the company announced.

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Chile energy tender: 12,430 GWh to be added, with sensational low bids

Last week Chile announced the winners of its latest energy auctions to add 12,430 GWh of generation capacity to the grid, starting in 2021. Wind and solar photovoltaic (PV) developers won a massive 40% of the tenders, the Chilean Renewable Energy Association (ACERA) reports. The average winning price was USD 47.6 per megawatt hour (MWh).

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GameChange Solar announces one gigawatt of PV racking systems sold

GameChange Solar (New York, U.S.) on August 19th, 2016 announced that it has passed one gigawatt in sales of solar PV racking systems, and expects to have substantially over one gigawatt installed by year end 2016.

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