May 8 (SeeNews) - The hit for the past week was Tesla’s new home battery, which SolarCity, SunRun and several other green companies plan to put to good use. Meanwhile, SunEdison agreed to buy 2.7 GW in emerging markets and Enel Green said it will add 7 GW of renewables capacity by 2019.
US solar installer SolarCity Corp (NASDAQ:SCTY) started offering the Tesla Powerwall Home Battery on May 1 and expects to begin installing the new energy storage systems in October for residential, business and government customers. Residential solar firm Sunrun and energy intelligence software (EIS) provider EnerNOC Inc (NASDAQ:ENOC) are also in the list of companies that have struck partnership deals with Tesla.
SUNEDISON SECURES NEARLY 2.7 GW FOR EMERGING MARKETS YIELDCO
On Thursday US renewables major SunEdison Inc (NYSE:SUNE) unveiled seven transactions that will bring over 750 MW of operating plants and 1,918 MW of third-party Right of First Offer (ROFO) projects to its new emerging markets yieldco. The assets include wind, solar and hydropower plants in Latin America, China, India and South Africa.
SunEdison also said emerging markets yieldco vehicle, called TerraForm Global Inc, has filed for an initial public offering (IPO).
ENEL GREEN EYES 7 GW OF NEW CAPACITY BY 2019
Also on Thursday, Enel Green Power SpA (BIT:EGPW) said it will spend about EUR 8.8 billion (USD 9.9bn) on growth initiatives as it targets 7.1 GW of capacity additions by 2019. The Italian renewables company intends to invest more than half of that on its expansion in Latin America, particularly in Brazil, Chile and Mexico, in view of the current growth potential there. Its growth plans also involve the US, Africa and Asia.
INDIA’S SHANGHVI TO BACK 1.7 GW OF SUZLON PROJECTS
Speaking of huge capacity plans, it was announced that Indian billionaire Dilip Shanghvi will provide working capital for 1.2 GW of projects by Suzlon Energy (BOM:532667). The two will also form this year a 50/50 joint venture to install 450 MW-500 MW of wind parks at home.
In Guinea-Bissau, meanwhile, the local government and Israeli firm WERPO (OTCMKTS:BBRD) will also form a joint venture for a 500-MW sea wave power project. WERPO said the project cost would be about USD 325 million (EUR 289m).
GLOBAL PV MODULE GROSS PROFITS TO HIT USD 5BN IN 2015
Global information company IHS expects a 117% jump in PV module gross profits to USD 5 billion in 2015. It said that throughout the photovoltaic (PV) industry supply chain profits are expected to rise significantly. Total of 89 countries with solar PV end-markets are seen to achieve growth in solar installations this years.
(EUR 1 = USD 1.124)