The quality of Wuxi Suntech’s polycrystalline silicon modules rank above industry standards according to OST Energy’s independent technical review of the company. OST Energy also provided independent validation that Wuxi Suntech’s production facilities are in line with international (IFC and World Bank) lender requirements for a primary supply chain. This review is the latest in third-party verification of the quality of Suntech products. Most recently, Suntech products received the VDE Quality-Tested certification, attesting that Suntech modules exceed existing industry standards. Suntech is only the third brand globally to receive this ranking.
Hanergy Holding Group and China New Energy Chamber of Commerce have issued the Global Renewable Energy Report 2014. The report found thatChina became the world’s biggest market for solar power in 2013, with the country’s newly installed photovoltaic generating capacity jumping 232% on-year to 12 gigawatts (GW).
Maryland-based Competitive Power Ventures (CPV) and partners Marubeni and Toyota Tsusho announced today they have closed financing with GE unit (NYSE: GE) GE Energy Financial Services and 14 other lenders for the $775 million CPV St. Charles Energy Center under construction in Waldorf, Charles County, Maryland. Financial details were not disclosed. Located 25 miles southeast of Washington, DC, the CPV St. Charles Energy Center is a state-of-the-art 725-megawatt (MW) combined-cycle natural gas-fired power plant using two reliable, highly efficient GE 7F.05 Gas Turbines and a GE D400 Steam Turbine. The project will be constructed by SNC Lavalin Constructors Inc. and operated by EthosEnergy Power Plant Services, LLC.
Solar power costs have fallen dramatically over the last five years, thanks to lower module prices, lower balance of system costs, and increased competition at the development and EPC level. Financing costs have also decreased as investors recognize the low-risk profile of solar assets. As a result, solar power is now cheaper than most alternative power sources according to Thierry Lepercq, founder and president of France-based Solairedirect. Within this price range, Saudi Arabia could offer some of the lowest LCOE levels. Lepercq will be speaking at the second edition of Desert Solar Saudi Arabia conference that will be held from September 17-18, 2014.