Chinese PV inverter manufacturer doubles sales and minimises failure rates
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."
Provides Plug-and-Play LED Lighting and Cuts Utility Bills for Low Income School
More than 200 MW of installations across the United States and South America, and a robust pipeline of projects under development
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.
450.4 kW Project Expected to Save Meritronics and PalPilot $5.6 million in electricity costs
NEXTracker's higher energy yield and installation cost savings are helping developers maximize project financial returns.
The company has executed an exclusive distribution agreement to promote and sell tenKsolar products in Arkansas, Tennessee, Mississippi, Louisiana, Oklahoma and Missouri.
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
The new solar technology, known as EM-CS, is believed to provide substantially greater solar energy production and conversion efficiency than present photovoltaic products.
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.
A significant step for the German energy transition ---- The world's largest direct-current grid connection at 800 megawatts (MW) has now taken up commercial operation ---- The grid connection's transmission capacity is enough to supply around one million German households with power
Portland Business Journal honors Dulani for company turn-around amid trade fight
SEACAT SERVICES SETS SIGHTS ON EUROPEAN OFFSHORE WIND BOOM
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