A Chinese solar firm will pay 3.0 billion yuan ($491 million) for assets of the main subsidiary of Suntech Power, a statement said, in the latest move to restructure the troubled former solar giant. Suntech Power announced in March that its main unit in China, Wuxi Suntech, would seek bankruptcy and restructuring. Once the world's biggest maker of solar cells and panels, Suntech sought market share by drivi ...

Canadian Solar Inc., one of the world's largest solar power companies, today announced that it has been awarded a module supply agreement to provide China Three Gorges New Energy Co., Ltd. with photovoltaic modules totaling 100 MW for a solar power project located in Guazhou County, in the Gansu Province of China. "We feel honored to be awarded this module supply agreement by Three Gorges New Energy, a rapi ...

A group led by New Generation Power LLC, a U.S. clean energy developer, has signed contracts to build 315 megawatts of solar plants in India. The group expects to invest $400 million by the end of 2014 to complete installations at various sites across Andhra Pradesh state, Chicago-based New Generation said in a statement. The plants will sell power under 20-year contracts to the local utility. Mumbai-based ...

The German solar giants will install their solar panels for local investor San Carlos Solar Energy Inc. in what is their first foray into this emerging Southeast Asia market. Hamburg-based Conergy AG has made further inroads into the burgeoning Southeast Asian solar PV market with the announcement that the company has won a 22 MW order to supply modules for a new solar plant in the Philippines. In what is t ...

Israel Corporation (TASE: ILCO) unit HelioFocus Ltd. has signed a memorandum of understanding deal with Chinese energy company Taiqing to build a 200-megawatt solar boosting system for coal-fired power stations in Inner Mongolia for $340 million. The project is scheduled to begin in 2015. HelioFocus is a subsidiary of IC Green Energy Ltd. and China's Zhejiang Sanhua Co. Ltd. (Shenzhen: 2050). It will supply ...

JinkoSolar Holding Co., a Chinese solar-panel maker that in August posted its first profit since 2011, supplied 1.2 megawatts of the equipment to a project in Chile’s Coquimbo region. SolaireDirect Chile began selling power from the project in June on the spot energy market and to mining companies, Shangrao, China-based JinkoSolar said today in a statement. ...

DuPont, US chemical giant with diverse interests, is in talks with solar panel manufacturers to ascertain the feasibility of new products the company plans to unveil in India. "For our new product, E-Frame, we are currently in discussions with some of the leading Indian solar panel manufacturers to validate the concept and evaluate product feasibility in the Indian installations," said Rajaram Pai, business ...

Suntech Power Holdings Co., Ltd., one of the world’s largest solar companies, announced a quicker and more cost effective method, using Zep Solar® technology, to install PV arrays for commercial and residential roof applications. Suntech will showcase its new Zep CompatibleTM module at this week’s Solar Power International (SPI) Exhibition, booth #243. Zep Solar mounting and grounding products are purposefu ...

A 13 megawatt (MW) photovoltaic (PV) power plant, marking the first phase of Dubai’s Dhs12 billion Mohammed bin Rashid Al Maktoum Solar Park, has gone live, it was announced on Tuesday. The facility is now the largest operating solar PV plant in the region. The plant was connected to the emirate’s electricity grid 195 days after breaking ground in March 2013. Spread across an area of 238,764 square meters, ...

The sun is literally shining bright for India's green energy sector. And the government is taking a leap of faith by conjuring up unheard of mega-scale solar power plants astariffs head south since the launch of Jawaharlal Nehru National Solar Mission (JNNSM) in January, 2010.Solar power tariffs have come down to Rs 8.50 per unit from Rs 18 a few years ago, removing one ofthe major impediments to the sector ...