Neoen prepares for €450 million IPO

Through the listing on the French stock market, the independent power producer hopes to raise enough capital to increase its renewable energy assets from 2 GW to 5 GW. Impala intends to subscribe to the offering and remain majority shareholder.

Another Facebook data center goes solar

The company data center in Singapore will be provided with solar power by Sembcorp Industries under a 20-year PPA. The required electricity will be generated across 900 rooftop PV systems totaling 50 MW.

Macquarie buys 90% stake in 322 MW solar portfolio in northern Mexico

The solar assets were acquired by the company’s unit, Macquarie Infrastructure and Real Assets (MIRA). Spanish developer, Eosol will maintain a 10% share in the projects.

Large-scale solar sees 20% drop in new projects in H1 2018

According to Wiki-Solar, around 16 GW of new solar PV parks were brought online worldwide in the first half of this year. In the same period of 2017, newly installed utility-scale PV capacity totaled around 20 GW.

Hanwha Q Cells reports lower revenue, swings to loss in Q2

At US$518.4 million, the quarterly turnover of the South Korean-German manufacturer was down 10.3% year-on-year, while its net result swung from a profit of $18.7 million in the second quarter of 2017, to a loss of $41.3 million in the latest quarter. Despite this, the outlook for full fiscal 2018 remains unchanged.

Jinko sees Q2 profits slightly increase, confirms shipment outlook for fiscal 2018

The Chinese manufacturer has seen its revenue decline significantly in the second quarter of this year, despite quarterly shipments dropping just 3.1%. This performance, which confirms a trend that was already clear in fiscal year 2017, was mainly due to lower solar module ASPs. Quarterly net profit, however, has more than doubled. Despite recent developments in the Chinese PV market, the company maintains its shipment outlook for full fiscal year 2018, in which it hopes to ship between 11.5 GW and 12 GW.

UPDATE: ACWA offered lowest bid in Egypt’s 200 MW tender

As pv magazine has learnt, the Saudi energy giant lowered its offer to $0.02752/kWh at the last minute, beating the bid lodged by Spain’s Fotowatio, which offered $0.02791 per kWh.

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Egypt receives two bids under $0.03/kWh in 200 MW solar tender

The lowest bid was submitted by Spanish developer Fotowatio, which offered US$0.02791 per kWh. Slightly higher, at $0.02799 per kWh, was the offer of Saudi power company, ACWA.

Ambitious PV expansion plans for China’s Tongwei, Longi and Sunport still on track

Many expansion plans are still firmly afoot in the Chinese solar PV manufacturing industry, if the information pv magazine gathered from some of the country’s leading manufacturers at last week’s Smarter E event, are anything to go by. Indeed, Tongwei , Longi, Sunport and BYD are all progressing at full speed with their capacity ramp ups.

Construction underway on 350 MW of solar in Vietnam

Grimm Power and Xuan Cau began construction on two solar PV plants in the southern province of Tay Ninh.

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