Latest headlines

Brazil predicts 4.5 GW of installations through expanded net metering rules

A virtual net metering policy has been introduced and the project size cap has been increased to 5 MW. Under the new rules Brazil's ANEEL expects 4.5 GW of renewable energy installations by 2024.

Ireland's solar landscape could reach 3.7 GW by 2030, says report

KMPG's report analyzes the forecasted levelized cost of solar in Ireland, and suggests that grid parity could be reached by 2030.

Report produced by KPMG and commissioned by the Irish Solar Energy Association foresees a potential nationwide solar sector reaching 3.7 GW by 2030 with just EUR 670 million of support.

India: Punjab state reaches 1.5 GW of allocated solar PV

Punjab Chandigarh Palace of Assembly.

Punjab's New and Renewable Energy Minister Bikram Singh Majithia confirms that the state now has projects amounting to 1,550 MW at various stages of development; a 172-fold increase in just three years.

Sky Solar reaches 242 MW of shovel-ready projects

Sky Solar PV plant.

Hong Kong-based solar firm releases solid third quarter financial report revealing a 1 GW solar park pipeline and year-over-year revenue increase of 17.3%.

Duke to build a 61 MW PV plant in North Carolina to serve Google data center

Google is the first company to participate in a Duke program from 2013 allowing companies to source their power from renewables.

Canadian Solar to supply 112 MW of PV modules to Sunrun in 2016

This large purchase by the third-largest U.S. residential installer shows diversification away from REC Solar, its main supplier for the last two years.

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.

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.

New York to get half its electricity from renewable energy by 2030

Following shortly on the announcement of new renewable energy targets in Alberta, the governor of New York State has plans to mandate 50% renewables in electricity by 2030.

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.

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.

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.

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.

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.

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