Siemens will provide the grid connection for an offshore wind farm off the coast of the U.K.; ABB will supply gas-insulated switchgear for substations in New Jersey; A team from the Microgrid Institute will design, simulate, and test microgrid control systems for two Maryland suburbs; Plus solar power developments by Xcel Energy, SunEdison, ReneSola, and Duke Energy; and others…
ReneSola Ltd agreed to provide Enerparc AG with 43.6 MW of solar modules, 35 MW of which will be delivered through original equipment manufacturers (OEM) in Poland and India. Under the terms of the agreement, ReneSola and its contracted OEMs will deliver 43.6 MW of solar modules to Enerparc between April and June of this year.
Investment opportunities in an evolving environment.
Some of the key policy mechanisms and market factors that triggered the boom in renewable energy development have weakened in the face of one of the most severe economic downturns in modern history. In some ways, though, the renewables sector is richer and more dynamic today than when the boom began. A shakeout might be coming among renewable power players, and those that survive will strengthen their capabilities, hone their strategies, and take advantage of industry consolidation to build scale.