Abengoa, Total and Masdar have officially launched Shams 1, a 100 MW CSP plant in the western part of the United Arab Emirates. This is now the largest CSP project currently in operation.
Suntech Power announced recently the completion of the 3.5 MW solar power plant located near Saudi Arabia's capital of Riyadh. The power plant, also the largest solar installation in the kingdom at this time, will produce 5.8 GWh of electrical energy annually. The announcement was made at the World Future Energy Summit, which is taking place in Abu Dhabi.
Hanwha Chemical Corporation is now officially the new owner of Q-Cells SE, as the company has formally been transferred. Q-Cells was involved in insolvency proceedings, but has been able to retain 80% of the workforce despite this process. The PV manufacturer has now become part of one of the largest corporations in South Korea.
First Solar has been awarded the contract to build a 13 MW solar PV power plant by the Dubai Electricity & Water Authority. The power plant is to be located in Al Dahal, some 50 km south of Dubai.
Ocean Power Technologies has been awarded a USD 900,000 contract by Mitsui Engineering & Shipbuilding for continuation of development of the PowerBuoy technology and its application in Japanese waters. This development will provide the basis for large scale deployment of the technology in Japan, as the first commercial scale OPT wave power plant in this Asian country.
Suntech Power announced the company's new action plan to adapt to new market conditions imposed by what it calls "trade protectionism" (recent US market turbulence) and imbalance between supply and demand. All these factors have contributed to an increase in competition along with a decline in profitability for solar manufacturers worldwide.
ReneSola has entered into a sales agreement with Solar Planet for 4.6 MW of solar modules. The US based PV systems company, Solar Planet, will install the modules at various projects involving commercial properties.
Alstom Renewable Power, the division of Alstom involved in the manufacture and development of renewable power generation equipment has announced plans to establish a Global Technology Center (GTC) in Tianjin, China. This will be part of the EUR 100 million investment plan, announced in late 2010, for upgrading Tianjin's hydro industrial facility, the company's largest in the world.
RusHydro, Russia's largest hydropower development company, announced the launch of the 640 MW unit at the Sayano-Shushenskaya hydropower plant. The power plant now has 3.2 GW of installed and capable power generation capacity, which is half of what the power plant plans anticipate. Four units at the power plant have been damaged in an accident, two of which have been restored, but are now going to be replaced with new units.
China Ming Yang Wind Power Group and Huanend Renewables have entered into a JV agreement for the development of wind and solar projects in China, and international markets. The JV will be controlled by Huaneng Renewables.