Tata Power’s 25 MW solar farm in India gets enough funding to move forward

Tata Power, India's oldest and largest private power company, has secured enough financing agreements to back a 25 megawatt solar photovoltaic power plant it is currently developing at Mithapur, Gujarat. Tata’s financing comprises of equity valued at 110 million rupees ($2 million) and loans of 255 million rupees ($4.1 million). The project costs approximately 365 million rupees ($6.7 million) in total.

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Duke buys two Arizona solar plants, now owns nine PV projects

Duke Energy Corporation now owns a total of nine solar farms after buying two utility-scale power plants in Arizona. Duke Energy Renewables, a unit of Duke, purchased the Ajo Solar Project and Bagdad Solar Project from Recurrent Energy in August for an undisclosed sum. The solar photovoltaic power plants are the company's first in the American West, according to a statement.

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Kyocera announces largest supply deal so far in Italy

Japan’s Kyocera Corporation supplied 10 megawatts’ worth more of solar modules to Enermill Energie Rinnovabili S.R.L., expanding an existing 6 MW of solar installations near Turin, Italy and now representing the largest project using Kyocera modules in the country.

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Study says solar power now cheaper than what analysts think

Solar power is much cheaper to produce than what most analysts would have us think, finds a new study from Queen’s University which states that few recent studies consider recent technological developments and price reductions.

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Siemens enters solar cells market with CPV startup

Siemens A.G. now enters the solar photovoltaic market by acquiring a 16.1 percent stake in the United States-based concentrating PV module maker Semprius Inc. The six-year-old Semprius, based in North Carolina, develops high-efficiency concentrating photovoltaic modules. Siemens’ minority stake will be its foray into solar PV as a strategic investor. But the companies did not disclose more details of the deal.

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U.S. solar PV grows 66 percent in Q1 on cheaper parts

The number of solar photovoltaic systems built in the United States increased by 66 percent in the first quarter as component prices fell and companies rushed to get hold of government incentives set to expire by yearend, according to the country’s Solar Energy Industries Association.

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U.S.’s largest solar P.V. tracker plant gets $ 1.187 billion backing

SunPower Corporation received a $1.187 billion conditional loan guarantee to finance a photovoltaic solar power plant which, at 250 megawatts, will be the largest utility-scale solar P.V. project in the United States that uses tracking technology. The Department of Energy loan guarantee serves as government backing to make good on SunPower’s loans if the company itself cannot.

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Korean conglomerate acquires major stake in China’s Solarfun

Hanwha Chemical will purchase about 50 percent of shares in Solarfun for $371.9 million

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Britain’s churches can raise $ 51 million through solar power

Religious buildings can earn $51 million annually through solar installations, says British Gas

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China Technology Development takes interest in solar company

Acquisition of 51 percent in China Technology Solar Power to make it a major shareholder

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