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Week Review 26-30 September: Mexico selects bidders for $4bln RE projects; China to cut solar prices

30 Sept. 2016 by Tom van der Linden, Solarplaza

Mexico selects 23 bidders for $4bn worth of RE projects

The Mexican announced the selection of 23 bidders for $4billion worth of PV, wind and other clean energy projects during the second round of power auctions. 54% of the capacity was awarded to solar PV projects. Winners incldue Acciona Energy, Iberdrola, Enel, Zuma Energia, Engie and IEnova (who have come forward with a statement specifying 141MW worth of projects)

Lyon & Mitsubishi partner for 1GW solar + storage in Australia

The Lyon Group announced a partnership with Mitsubishi Corporation in which it will roll out1GW of solar + 500MWh of battery storage by 2020. Parallel to that, they aim to develop 500MWh of grid-tied storage independent of a direct solar plant connection.

Chinese government may cut solar power prices by 13%

Bloomberg reports that the Chinese Government is considering cutting the amount of money that solar power generators receive for electricity by a larger percentage than previously planned and announced. Tariffs are now expected to be cut by 13%, compared to 2016-level.

Italy's Eni to develop 50MW Sinai solar plant

As part of the Italian oil major's strategy of developing 420MW of renewable energy by 2022, it has closed a deal with the Egyptian government to build renewable energy projects in the North African country. The first project will be a 50MW solar PV plant in the Sinai desert.

SolarCity to invest $1bln in Mexican market in next 5 years

The company's Mexican business unit said it plans to invest as much as $1bilion into its operations in Mexico over the coming 5 years. Their strategy does, however, depend on the government's plans regarding net-metering, which are feared to be changed under pressure of public finances.

SolarCity sued by SunPower subsdiaries for IP theft

A new lawsuit filed in San Francisco, sees Cogenra Solar - subsidiary of SunPower & Khosla Ventures - accuse SolarCity of intellectual property (IP) theft. They claim that SolarCity's subsidiary Silevo misappropriated Cogenra's trade secrets and manufacturing processes. 
Meanwhile, SolarCity has made claims that a former employee of theirs downloaded confidential information on a personal hard drive and took it with him when joining SunPower as Sr. Sales Manager.

$3bln settlement talks for SunEdison & TerraForm yieldcos

TerraForm Power and TerraForm Global, the two yieldco spinoffs of bankrupted solar giant SunEdison, have begun settlement talks over more than $3bln worth of claims, arising from SunEdison's interference with the business of the yieldcos, alleged breach of fiduciary duties and loss of business opportunities.

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