Latest headlines

5 MDBs pledge $170 billion in climate financing

Clean energy financing is ramping up ahead of COP21 next month

Ahead of the 2015 United Nations Climate Change Conference, or COP21, five multilateral development banks (MDBs) have pledged to increase climate financing to US$170 billion over the next five years.

IHS increases 2015 PV forecast to 59 GW, 2016 to 65 GW

Solar PV installation activity in China has contributed to IHS' increased forecasts

IHS Inc. has raised its global solar PV forecasts for the next two years, to 59 GW and 65 GW, respectively. The U.S. and China are leading the charge. In 2019, meanwhile, over 70 GW is expected to be installed.

19% of Chile's electricity to be solar in 2050

Chile's government roadmap calls for 41% of the nation's electric demand to be covered with solar and wind, with nuclear phased out.

Construction on 7 MW Ohio energy storage facility slated for mid-October

The solar+storage facility is located in Minster, Ohio

Construction on a 7 MW solar energy storage facility in Ohio is scheduled to begin this month, with completion expected next February. It will be tied to a PV plant, which will be online by the end of the year. The decision to...

SolarMax producing PV inverters again

SolarMax has been producing inverters since September in Bayern

The SolarMax Group has begun production of its solar PV inverters once again, having transferred operations from Switzerland to Germany. Expansion is on the cards.

Bosch exits PV with thin film closure

With the closure of Bosch Solar CISTech, Bosch is completely out of the PV game

Marking its exit from the PV industry, Bosch has announced it will close thin film PV development site, Bosch Solar CISTech GmbH, having failed to find a suitable investor. An exact date for the closure has not been given. 180...

Spain's government approves the “sun tax”

A new self-consumption decree states that installations up to 100 kW provide electricity to the grid as a gift. High taxes are spared only partially for systems up to 10 kW and plants on islands off the coast of Spain.

Global solar investment shows flat growth in Q3 2015

Bloomberg New Energy Finance reports a 1% year-over-year fall in global solar investment to $43.9 billion, but notes distortion by currency effects.

IRENA calls for energy roadmaps to integrate renewables

"Power sector transformation should focus on a transition of the system as a whole, and not treat the integration of renewable power generation as a separate issue."

IRENA has released a new report outlining measures for the development of national roadmaps to assist in the transition to renewables in a country’s power grid. Policy makers will need play a central role in successfully...

GE creates $1 billion energy startup, 200 new jobs

Current is headquartered in Boston

With the aim of "transforming" the energy sector, GE has bundled its LED, solar, energy storage and electric vehicle businesses into an over US$1 billion new startup. Current will utilize GE’s Predix platform to deliver...

Solar funding rises in Q3 despite dismal stock prices

Mercom Capital's latest quarterly report shows the volume of VC funding and debt financing rising during Q3, while public market financing fell.

SunEdison to halt transfer of assets to yieldcos

Citing “market dislocation”, SunEdison has announced short-term changes to its operating plan. This includes a plan to hold more projects in warehouses instead of moving them into the company's two yieldcos.

Chorus IPO brings in $112.5 million

Chorus Clean Energy AG's large-scale PV installation in Riechelbach, Germany

The solar and wind operator will invest proceeds, which could reach $134 million if an over-allotment option is exercised, in further growth.

European Parliament calls for end to solar MIP, duties

More calls to end the MIP and solar PV duties have been made

Members of the European Parliament (MEPs) have called for an end to the minimum import price (MIP), and anti-dumping and anti-subsidy duties on solar PV products coming into the EU from China, claiming the measures are slowing...

Germany calls for 200 MW in last PV tender of 2015

200 MW of solar PV have been called for in the final tender of 2015

In the third, and final, solar PV auction of the year, the Federal Network Agency is looking to invite 200 MW worth of tenders for ground-mounted installations. The deadline for tender submissions is December 1. Again, the price...

LCOE for renewables decreases, fossil fuels see increase

Solar PV is continuing to get cheaper, finds BNEF

The generating cost comparison between renewable energies and fossil fuels is narrowing, with 2015 recording a "significant shift," says BNEF. Overall, levelised costs of electricity (LCOEs) for renewable energies are decreasing,...

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