Americas

Americas

Renewable Energy Group Reports Fourth Quarter and Full Year 2015 Financial Results

March 10, 2016 Anand Gupta

Fourth Quarter 2015 Highlights 99 million gallons sold Revenue of $387.8 million Adjusted EBITDA of $21.6 million Net income of $79.4 million, excluding non-cash goodwill impairment of $175.0 million Net loss of $95.6 million, including non-cash goodwill impairment Retroactive reinstatement of biodiesel tax credit for 2015 and extension for 2016 Renewable volume obligations finalized for […]

Americas

Arise AB: Power production in February 59.7 GWh

March 10, 2016 Anand Gupta

Weaker winds than normal in February resulted in a power production of 59.7 GWh (69.5 GWh), which is 9.8 GWh under budget. Of this 31.7 GWh (40.1 GWh) refers to Own wind power production and 28.1 GWh (29.4 GWh) to Co-owned wind power.

Americas

SunLink and RER Energy Group Build Iowa’s Largest Community Solar Project

March 10, 2016 Anand Gupta

More than 1,200 Cedar Falls Utilities (CFU) customers have invested in a new 1.5 MW dc community solar project near Prairie Lakes Park in Cedar Falls, Iowa, now completed by SunLink Corporation and RER Energy Group. The project utilized SunLink’s GeoPro mounting system and was installed by the company’s PowerCare installation crews. RER Energy Group […]

Americas

Vivint Solar to Seek Damages for SunEdison Willful Breach of Merger Agreement

March 10, 2016 Anand Gupta

Vivint Solar recently announced that it commenced an action in the Court of Chancery of the State of Delaware suing SunEdison, Inc. over its willful breach of the merger agreement between Vivint Solar and SunEdison. Among other things, Vivint Solar is seeking damages for the benefits its stockholders expected in connection with the transaction. Gregory Butterfield, […]

Americas

US Solar Market Set to Grow 119% in 2016, Installations to Reach 16 GW

March 10, 2016 Anand Gupta

The U.S. solar market is set to grow a staggering 119 percent this year says GTM Research in its latest U.S. Solar Market Insight Report 2015 Year in Review, published in conjunction with the Solar Energy Industries Association (SEIA).Led by the utility-scale segment, GTM Research forecasts 16 gigawatts (GW) of solar will be installed in […]

Americas

JinkoSolar Supplies 24.5 MWp to Gransolar for Two Projects in New Mexico in the US

March 10, 2016 Anand Gupta

JinkoSolar Holding Co., Ltd., a global leader in the solar PV industry, recentlyannounced that it has supplied 24.5 MWp of solar modules to Gransolar, a specialist construction company focused on renewable energy projects. JinkoSolar has supplied 80,075 high-efficiency polycrystalline modules for two PV solar projects. Both projects will be managed by the Public Service Company of […]

Americas

Whole Foods Market and NRG to Plan Large Scale Commercial Solar Project Portfolio

March 9, 2016 Anand Gupta

Whole Foods Market, America’s healthiest grocery store, in conjunction with NRG Energy, Inc., the country’s leading integrated competitive power company, plans to install rooftop solar at up to 84 Whole Foods stores and distribution centers across 9 states to generate renewable energy onsite. When completed and determined by final negotiations and analysis, the portfolio of […]

Americas

SolarCity to Work with Whole Foods Market to Install Solar Power Systems Across the U.S.

March 9, 2016 Anand Gupta

SolarCity and Whole Foods Market, Inc. are proud to announce a plan to install solar power systems on locations across the United States. The plan aims to increase the production of solar power and offset some need for traditional grid power while helping Whole Foods Market (WFM) save money. In total, WFM plans to retrofit […]

Americas

Sunny outlook for solar power as bidding on new Negev plant kicks off

March 8, 2016 Anand Gupta

Bidding opened on Thursday for companies wishing to build and operate a new solar power plant in the Negev.The company that wins the tender will be in charge of designing, constructing and operating the photovoltaic power plant in the western Negev community of Ashalim, 35 km. south of Beersheba, for a period of 25 years. […]

Americas

Duke Energy to build its first solar project in Rowan County, N.C.

March 8, 2016 Anand Gupta

Duke Energy announced its third solar project to be built in 2016, with the 6-megawatt Woodleaf Solar Facility slated for Rowan County, N.C.”We see 2016 shaping up to be active year for Duke Energy-owned solar projects,” said Rob Caldwell, senior vice president, Distributed Energy Resources. “Our customers want us to actively pursue renewable energy, and […]