THE FRIDAY NOTE: Qatar nears 200-MW solar tender and more of the week's top picks

This week it was announced that Qatar will soon start a 200-MW solar tender, Sol-Wind Renewable launched a New York IPO targeting USD 182 million, and Israeli firm WERPO unveiled a goal to install more than 600 sea wave power generators in China.

The upcoming Qatari solar projects tender is to support the country’s goal to have 10,000 MW of power generation capacity by 2030. The location for the proposed 200 MW of solar parks will be decided in the coming days, according to local media.

Speaking of solar capacity we cannot miss PV Market Alliance’s estimates for 40 GW to 42 GW of newly added solar photovoltaic (PV) capacity globally in 2014. The top markets again were China, Japan, the US and Europe. Meanwhile, the 2014 PV total also includes 3 GW from several major emerging markets, namely South Africa, India, Thailand, Chile, Mexico and Turkey.

More details at: http://renewables.seenews.com/news/qatar-to-tender-200-mw-solar-scheme-shortly-report-460061

and at: http://renewables.seenews.com/news/world-installed-40-42-gw-of-pv-in-2014-460078

SMA SOLAR TO AXE 1,600 JOBS NY JUNE

The declining demand from established solar markets in Europe has been affecting local manufacturers for many months. This week German solar inverter maker SMA Solar Technology AG (ETR:S92) said it would have to reduce its full-time workforce in Germany by about 1,300 and also let go nearly 300 employees at international locations. The job cuts, along with other restructuring measures, come in view of its expectations for a “difficult” 2015 and a further drop in sales.

SMA Solar expects to book a loss before interest and taxes of between EUR 30 million (USD 34m) and EUR 60 million for 2015.

More details at: http://renewables.seenews.com/news/sma-solar-to-axe-1-600-jobs-by-june-2015-460275

and at: http://renewables.seenews.com/news/sma-solar-guides-for-lower-2015-sales-presents-restructuring-plan-460934

WERPO TO INSTALL OVER 600 WAVE POWER DEVICES IN CHINA

Marine energy made it to this week’s Friday Note too, thanks to Israeli firm WERPO’s (OTCMKTS:BBRD) plan to install more than 600 sea wave power generators along the Chinese coastline. An official told SeeNews Renewables on Monday that the company hopes to “eventually” establish 25 joint ventures in China with each one having 25 wave power devices.

More details at: http://renewables.seenews.com/news/werpo-to-install-over-600-wave-power-devices-in-china-460160

SOL-WIND LAUNCHES USD-182M IPO IN NEW YORK

Moving to the US, local firm Sol-Wind Renewable Power LP said Thursday it has started its initial public offering (IPO) in New York, seeking to raise over USD 182 million (EUR 161m). The company intends to use the proceeds, together with other funds, to buy stakes in a 184.6-MW portfolio of wind and solar assets in the US, Puerto Rico and Canada.

More details at: http://renewables.seenews.com/news/sol-wind-launches-usd-182m-ipo-in-new-york-460911

GLOBAL RENEWABLES CAPACITY TO REACH 3,200 GW IN 2025

As usually, the first months of every year are full of capacity statistics and forecasts. For the end of the Friday Note we chose a report by Frost & Sullivan. The latter projects that the renewable energy capacity around the world is to jump to 3,203 GW in 2025 from 1,566 GW in 2012 as declining costs allow developing countries to adopt such technologies.

The installed solar capacity globally, for instance, is seen surging to 668.4 GW by 2025 and wind is to hit 814 GW by then.

More details at: http://renewables.seenews.com/news/global-renewables-capacity-to-reach-3-200-gw-in-2025-460517

(EUR 1 = USD 1.133)

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