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The pv magazine weekly news digest

Big horizons, big announcements and big hitters: it's been another BIG week for solar.

The PV heavyweights are back in the headlines this week with the news that China and the U.S. have agreed a climate deal, SolarCity has tightened its grip on residential solar, and Hanergy's woes continue.

UK stance on renewable energy leaves Al Gore 'puzzled'

Al Gore.

Climate advocate and former U.S. VP tells audience at Green Alliance/CBI event that he does not understand the U.K. government's decision to cut renewable energy subsidies.

India cabinet set to approve aggressive 40% renewable goal

Solar installation in Pokhran, India.

National Democratic Alliance considers 40% renewable energy goal for 2030, target would require 250 GW of solar PV capacity by that date, and 100 GW of wind power.

Data center giant Equinix taps SunEdison to solar power its Californian operations

Equinix data center.

World's largest provider of data center services signs five-year PPA with SunEdison for majority of energy from the company's 150 MW Imperial Valley solar farm, due for completion in 2016.

Saudi Arabia fires up new Kaco PV inverter line

Representatives of Kaco and AEC attend the inauguration ceremony of the new Shams PV inverter line in Saudi Arabia.

Shams PV inverter line commences production, boasting 1 GW capacity and the first to comply with Saudi Arabian local content regulations. Line owned by Advanced Electronics Company.

UK: Scotland carries flag for solar as FIT changes slow march to grid parity


Scottish government distances itself from DECC uncertainties as it announces it will retain grandfathering guarantee under RO; changes to FIT will set back solar's path to grid parity, says REA.

SolarWorld signs 65 MW supply agreement for Panasonic's Oregon solar plant

SolarWorld U.S. HQ.

Deal struck at Solar Power International marks the largest single project agreement for SolarWorld in the U.S.; Panasonic to construct, own and operate solar facility.

Spire considers sale of the company, assets

Despite a rebound in capital spending across the solar industry, the Massachusetts-based PV equipment maker has retained investment bank Mirus Capital Advisors to “assess strategic alternatives”.

Tianwei files for bankruptcy protection as solar debts mount

China flag.

Baoding Tianwei Baobian Group Co., parent company of the solar firm, defaulted in April on a bond payment, becoming first state-owned Chinese firm to do so; bankruptcy filing issued this week as debts mount.

AES to issue solar asset-backed security

AES Distributed Energy 453 kW PV plant in Rosamond, California

There have been only five public solar ABS deals to date totaling $560.5 million -- four of which were issued by SolarCity.

Sky Solar partners with Hudson Clean Energy on $100m solar projects

Sky Solar PV installation.

Strategic partnership sees Hong Kong-based solar developer Sky Solar team with U.S. private equity firm Hudson to invest in solar projects in Latin America and Japan.

African Renewable Energy Fund raises $200 million

PV installation, Africa

The fund supports small to medium-scale renewable energy projects in sub-Saharan Africa and provides both financial assistance and technical experience essential for smaller renewable schemes being implemented for the first time.

Energy Research Centre of the Netherlands to expand PV testing

ECN new solar PV testing equipment

The Hague-based high-tech company Eternal Sun, a specialist in solar testing equipment, designed and upgraded the Energy Research Centre's new testing lab.

REC Silicon may be forced to shutter Washington operations due to trade war

REC Silicon's operations in Moses Lake, Washington.

The company says that despite "significant progress" towards a resolution of the solar panel trade dispute between the U.S. and China, without a solution also for polysilicon, "there will be no resolution of the trade war."

OPIC funds 100 MW CSP plant in South Africa, grid improvements in Pakistan

Northern Cape, South Africa

The U.S.-led international development projects support private sector development in energy and inclusive access to finance. The projects "show the transformative impact that the U.S. private sector can have in the developing...

NRG spins off its renewable energy business

NRG cites the need for its clean energy business to be “nimble, lower cost, and cash sensitive”, and will limit it to US$125 million in funding. NRG's GreenCo will be a separate business by the beginning of 2016.

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