Zeversolar continues its solar revolution
Chinese PV inverter manufacturer doubles sales and minimises failure rates
Canadian Solar to Acquire Recurrent Energy from Sharp Corporation for $265 Million
Canadian Solar Inc. (the “Company”, or “Canadian Solar”) (NASDAQ: CSIQ), one of the world’s largest solar power companies, today announced that it has entered into a definitive agreement with Sharp Corporation (TSE: 6753) to acquire Recurrent Energy, LLC (“Recurrent”), a leading North American solar energy developer, for approximately $265 million.
Once completed, the acquisition of Recurrent will increase Canadian Solar’s total solar project pipeline by approximately 4.0 GW to 8.5 GW, and its late-stage project pipeline by approximately 1.0 GW to 2.4 GW. Located in California and Texas, Recurrent’s 1.0 GW late-stage pipeline is one of the largest utility-scale project portfolios scheduled to be built prior to the ITC expiration in 2016, and represents an estimated revenue opportunity of at least $2.3 billion for Canadian Solar under a build and sell business model.
The transaction further expands Canadian Solar’s position as a leading solar energy developer, with a globally diversified project pipeline in low risk geographies. In addition, this transaction broadens Canadian Solar’s project development and financing capabilities, and enhances the Company’s position for creating its own Yield-Co in the quarters ahead.
"The acquisition of Recurrent is an important milestone for us as it significantly expands and strengthens our position in the North American market, and places Canadian Solar firmly among the leading global solar energy companies," said Dr. Shawn Qu, Canadian Solar Chairman and Chief Executive Officer. "By combining Canadian Solar’s global reach and experience with Recurrent’s proven solar energy development track record in the US and Canada, we are significantly expanding the scale of our solar energy development platform. At the same time, this transaction broadens our strategic options to extend our business model from development and construction into potential ownership and operation of solar power plants as we work to create additional value for our shareholders."
Lunera Lighting Gives the Gift of Light to San Miguel School
Provides Plug-and-Play LED Lighting and Cuts Utility Bills for Low Income School
Applied Energy Technologies Kicks Off 2015 With More Than 200 MW Installed, Launches New Web Site
More than 200 MW of installations across the United States and South America, and a robust pipeline of projects under development
Circular Energy Expands Solar Offering To Louisiana
Circular Energy, a leading provider of solar panel installations and one of the largest solar companies in Texas, is proud to announce their expansion into Louisiana.
SilRay Completes Rooftop Commercial Solar Array for Leading Electronics Manufacturing Partners
450.4 kW Project Expected to Save Meritronics and PalPilot $5.6 million in electricity costs
NEXTracker Delivers State-of Art Trackers for 223 Megawatts of SunEdison Projects in Latin America
NEXTracker's higher energy yield and installation cost savings are helping developers maximize project financial returns.
Today's Power, Inc. Executes Exclusive Distribution Agreement with tenKsolar, Inc.
The company has executed an exclusive distribution agreement to promote and sell tenKsolar products in Arkansas, Tennessee, Mississippi, Louisiana, Oklahoma and Missouri.
SEIA Applauds Efforts to Increase Energy Efficiency, Use of Solar
Reacting to news today that the Department of Housing and Urban Development (HUD), along with the State of California, will expand financing for energy efficiency and solar energy in multifamily housing, Rhone Resch, president and CEO of the Solar Energy Industries Association (SEIA), released the following statement:
Corporate Demand for Renewables Could Double U.S. Wind and Solar Capacity by 2025, says Rocky Mountain Institute's Business Renewables Center
New collaborative platform launches to facilitate corporate purchasing of large-scale renewable energy
Quest Water Acquires New High Performance Solar Energy Technology
The new solar technology, known as EM-CS, is believed to provide substantially greater solar energy production and conversion efficiency than present photovoltaic products.
Chinese PV shipments surge in Q4 2014 according to BNEF shipment survey
December's data follows a very strong month in November and continues the steady increase in shipment-to-capacity ratio which began in July 2014.
Siemens hands over first North Sea grid connection to TenneT
A significant step for the German energy transition
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The world's largest direct-current grid connection at 800 megawatts (MW) has now taken up commercial operation
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The grid connection's transmission capacity is enough to supply around one million German households with power
SolarWorld's Mukesh Dulani named ‘Energy CEO of the Year' in Oregon
Portland Business Journal honors Dulani for company turn-around amid trade fight
SEACAT SERVICES SETS SIGHTS ON EUROPEAN OFFSHORE WIND BOOM
SEACAT SERVICES SETS SIGHTS ON EUROPEAN OFFSHORE WIND BOOM
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Solar Power - Featured Product
MORNINGSTAR - ReadyEdge
The ReadyEdgeTM (RE-1) accessory is an intelligent system controlling and reporting device meant to make monitoring your solar energy system more transparent. Enabling access to LiveViewTM 2.0 and Morningstar Solar ConnectTM, ReadyEdge provides data from all compatible Morningstar devices in your system. It is designed to be paired with the three ReadyBlock options, up to six total, with the possibility to use multiple ReadyShunts and ReadyRelays. The ReadyEdge is compatible with select Morningstar products.
