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COP21: Banks, businesses step up clean energy investment commitments

The COP21 summit runs from November 30 to December 7.

In addition to the world’s leading development banks agreeing to work together to increase climate investment, the last two days have seen the RE100 initiative welcoming a number of new participants looking to commit to 100%...

COP21: India to install 12 GW of solar in 2016

Modi launched the International Solar Alliance in Paris, yesterday

At the unveiling of the International Solar Alliance on the first eve of COP21, Indian Prime Minister Modi said India will see 12 GW of new solar capacity installed in 2016. He added that the alliance is a "sunrise of new hope"...

COP21: Coalition of billionaires, 20 governments pledge increased clean energy investment

Bill Gates unveiled the Breakthrough Energy Coalition in Paris on the first day of the climate talks

Under two initiatives aiming to work in tandem, an international coalition of billionaires, including Microsoft’s Bill Gates, Alibaba’s Jack Ma, and African Rainbow Minerals’ Patrice Motsepe have pledged to channel their cash...

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...

Turkey: New directive sees import duties on solar modules

Solar modules coming into Turkey will be subjected to import tax from this December

Turkey has issued a new directive, which will see solar modules charged an import tax of around US$125, determined by weight. The new regulation will apply to all PV manufacturers outside of Turkey from December 19.

SunEdison fires TerraForm Power President & CEO Domenech, shifts board

The company's management changes follow a shift in strategy, with an attempt to be more “boring” after rapid growth spooked investors.

Sungrow enters downstream solar market with 600 MW, $939 million investment

Sungrow is entering the downstream solar business

Following the module manufacturers’ lead, China’s largest inverter manufacturer, Sungrow, is entering the downstream solar business, having signed an agreement with the Chaohu municipal government in east China to develop up to...

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.

LDK Solar's Chinese subsidiaries forced into restructuring by Xinyu City

Four state-run companies successfully petitioned Chinese courts to begin bankruptcy proceedings for the LDK Solar companies, only a day after the resignation of President and CEO Xingxue Tong.

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%.

Hanwha reaps benefit of Q Cells takeover with Q3 net profit, capacity expansions

Hanwha's takeover of Q Cells is paying off

Hanwha’s takeover of Q Cells is bearing fruit, with Q3 recording significantly improved earnings results. In addition to a return to net profitability, Hanwha Q Cells Co. Ltd has raised its gross margin forecasts for Q4, and...

Li-ion battery costs to fall 50% in next 5 years, driven by renewables

Storage is essential for increased renewables uptake

Capital costs for lithium-ion (Li-ion) batteries are expected to come down by around 50% over the next five years, as a result of increased renewables generation, among other factors, finds Lazard in a new study looking at the...

China’s GD Solar retires 640 MW manufacturing capacity

In 2013, GD Solar completed projects in China with a capacity of 715 MW

Guodian subsidiary, GD Solar will retire 640 MW of crystalline and thin film solar PV capacity due to low utilization rates, high production costs and market expansion difficulties.

Climate financing hits $391 billion, solar a key beneficiary

Solar PV attracted a major portion of climate financing in 2014

Climate financing reached US$391 billion in 2014. While private investment comprised the lion’s share – driven by renewable energy deployment, and solar PV in particular – public financing notably increased. Despite the rise, the...

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