Canadian Solar now an EPC (to Penn)

Canadian Solar reports that its EPC subsidiary Canadian Solar Solutions has agreed to build and operate a 10 MW (AC) turnkey PV power plant in Ontario, Canada for independent power producer Penn Energy Renewables Ltd. This latest project brings the total EPC and O&M agreement between the two companies to 28.7 MW (AC). Construction of the 10 MW solar project is due to begin in the fourth quarter of 2012, with completion scheduled for the third quarter of 2013. The other 18.7 MW are due to come online by summer 2013

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com

Inverter prices down nearly 20% year on year

Inverter shipments to rise sharply in fourth quarter, but falling prices will limit revenue

12.10.2012: Global photovoltaic (PV) inverter shipments are forecast to reach a record of 8.6 GW in the fourth quarter of 2012 following a weak third quarter. According to IMS Research, the 18% year-on-year rise in global inverter shipments in the fourth quarter will largely be driven by Asian countries such as China, India and Japan, which will account for nearly 50% of the total market for the quarter. Revenue, meanwhile, will be much more modest due to increasing price pressure for PV inverters. IMS estimates that in the first half of 2012, over 16 GW of inverters were shipped globally. However, the average price of PV inverters in the second quarter was down nearly 20% year on year. Source: IMS Research http://www.imsresearch.com http://www.pvmarketresearch.com/press-release/Falling_Prices_to_Dampen _Record_PV_Inverter_Shipments_in_Q412/4 The complete press release can be viewed in PHOTON's archive using the following link: http://www.photon-international.com/newsletter/document/70631.pdf

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com