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)
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.
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.
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.
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.
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.
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.
A whole new world of transparency: long-term PPA prices now available for European market04-06 Finance