‘Silicon Module Super League’ (SMSL) member Canadian Solar has lowered its full-year 2018 revenue guidance for a second time, citing a closer focus on profitability through PV power plant project selection and manufacturing cost and capacity expansion controls.
India is expected to deploy just 4.1GW of solar in FY2018/19, down 55% year-on-year and roughly a quarter of the government’s annual target of 16GW, according to the latest report from consultancy firm Bridge to India.
A consortium of Saudi-based developer ACWA Power and contractor AlGihaz have closed financing of the SAR1.2 billion (US$319 million) Sakaka solar project standing at 300MW in Al Jouf, Saudi Arabia, a project that attracted headlines across the world last year after the government chose ACWA Power despite Masdar putting in the lowest ever solar bid.
PV inverter supplier Sungrow will provide inverters to French EPC firm Bouygues for a 201MW solar project in Vietnam's Ninh Thuan Province, currently being developed by a joint venture, BIM Group and AC Energy.
The new chairperson of the Philippines Energy Regulatory Commission (ERC) has showed clear intention to solve the huge build-up of pending approvals of power projects, in what she dubbed as the ‘Zero Backlog Program’.
EDF Renewables North America and Shell Energy North America have signed off on a 15-year power purchase agreement for the 100MW tranche of the Palen Solar project called the Maverick 4 Solar Project.
Canadian Solar has declared the US bifacial module market open for business as it claimed to make the first substantial delivery of the double-sided panels to a customer in Oregon.
State-run utility Electricity Generating Authority of Thailand (EGAT) is planning to facilitate 1GW of hybrid floating solar-hydro projects across eight dams throughout the country.
