Latest headlines

SunEdison offloads 425 MW Indian solar assets to TerraForm, pays down margin loan

SunEdison power plant.

Yieldco drop-down seen as strategic move designed to boost the U.S. company's flagging balance sheet; move unlikely to trigger wholesale withdrawal from the growing Indian market.

FOE: Finance for 100% renewables exist, but policies are absent

Solar is again the renewables king, accroding to FOE

In a new report, Friends of the Earth (FOE) calculates that switching to 100% renewable energy in Africa, Latin America and most of Asia by 2030 would cost US$5.15 trillion – equivalent to the amount held by the world’s 782...

India: Waaree wins contract for 75 MW PV plant, orders 100 MW Huawei inverters

Huawei string inverters.

The Indian EPC last week secured the rights to develop a 75 MW solar PV plant in the Indian state of Gujarat, prompting an order for 100 MW of inverters and smart PV solutions from China's Huawei.

British public vastly overestimate solar support levels, poll finds

Solar BIPV, U.K.

According to a new YouGov poll commissioned by the Solar Trade Association, subsidies for U.K. solar power are 22 times less than people actually think, comprising just GBP 9 per consumer per year.

US DOE awards $125m for 41 transformational energy tech projects, including solar

U.S. Energy Secretary Ernest Moniz.

Funds issued as part of the Department of Energy's Advanced Research Projects Agency-Energy to be issued ahead of the UN Climate Change talks in Paris as part of wider investment in low carbon economy.

Solar O&M market to surpass 390 GW by 2020, says GTM

SMA O&M in the field.

Report from GTM Research forecasts a tripling of the global solar operations and maintenance market from 133 GW this year to more than 390 GW by 2020, growing even in regions where PV expansion has stalled.

Alberta sets 30% renewable energy goal by 2030

Under new leadership, the province which hosts the heart of Canada's oil sands industry will replace coal generation with renewables by 2030.

US, Japan and South Korea to install 1.4 GW of energy storage between 2015-16

Energy storage system costs will come down significantly by 2019

The U.S., Japan and South Korea are the leading energy storage markets worldwide, says IHS, with each forecast to exceed 100 MW of annual installations this year. Between 2015 – 16, they are set to install 1.4 GW of new capacity....

Emerging markets attract most renewables investment

Solar is playing an increasingly important role in Africa

New renewables investment in 2014 in 55 developing world nations reached US$126 billion, finds a new report, over half of which went to emerging markets. The increase was recorded, despite a general slowing in economic growth....

Despite rapid growth, yieldcos face money troubles

A new report by CohnReznick looks at the dramatic growth of yieldcos and the massive amount of cash they have raised, but also the difficulties that yieldcos are having due to depressed stock prices.

Mexico to hold its first post-reform electricity auction

The contest will be resolved at the end of March 2016. Under the auction, clean energy certificates will be issued in addition to power and capacity contracts.

The pv magazine weekly news digest

Delhi, India

India dominated much of the news this week, with an eye-opening report that solar power in the country will cost less than coal by the end of the decade. Prime Minister Narendra Modi also made solar a major topic at last week's...

IBC Solar expanding operations globally

IBC Solar PV power systems atop the Grupo de Energia building in Bogota.

The Bavaria-based PV systems group has repositioned itself. In addition to the German market, IBC Solar is strengthening its activities in sales and project business in Latin America and other countries.

Elite Solar: More than US$7 million in new solar contracts

Elite Solar PV installation, San Antonio Elementary School

With more than a dozen projects currently under development and several more about to begin, the California solar company is expecting revenues this year to soar 140%.

Tesla still in talks for German battery fab

BMWi production in Leipzig

Electric car production is likely to accelerate in the wake of the VW emissions scandal, according to Audi's top U.S. exec. While Daimler appears content to use Asian-made batteries, there are increasing calls for German...

US Energy Department: US$22.7 million for 23 solar tech projects

Combined solar and storage

The new government program is aimed at supporting projects with the potential to significantly reduce the costs for solar energy systems while also boosting U.S. competitiveness and strengthening the country's clean energy...

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