Latest PV market updates

India to explore PV potential of its desert regions

Thar Desert, India

The government has commissioned a study under the National Solar Mission to identify lively renewable energy potential in the country's vast desert areas.

First Solar to provide EPC for 52.5 MW Jordan solar plant

Jordan landscape.

The U.S. thin film company has also finalized a long-term O&M contract for the Shams Ma'an Power Plant project.

Ukrainian plan to reduce FITs sparks protests

Activ Solar plant, Ukraine

Facing dire economic problems resulting from its ongoing civil war, the Ukrainian government has approved a plan to reduce feed-in tariffs by 50%. Leading solar developers are taking legal action against the move.

Tesla and Panasonic to construct battery 'Gigafactory'

Elon Musk in Beijing.

Elon Musk's pioneering electric vehicle company hopes that the factory will advance the mass market production of cost-effective lithium-ion batteries.

IDB approves $66 million for Uruguay's first large utility-scale solar PV plant

Urugay PV plant

The La Jacinta project is a breakthrough for Latin America, as one of only five solar projects larger than 50 MW to secure both a power contract and financing.

LDK Solar has amassed funds needed to exit insolvency

LDK Solar's headquarters.

The Chinese manufacturer says it has enough cash to get back on its feet. LDK's liquidators are seeking permission to halve the creditors' settlement and extend the deadline to complete an offshore restructuring.

Swiss developer signs 6.27 GW deal with Hareon

Izmir, Turkey.

ILB Helios plans 3.3 GW of projects in Turkey over the next three years. The deal, with the Chinese manufacturer, has a pipeline of projects including Jordan, Kazakhstan, Macedonia, Iran and Iraq.

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