Latest headlines

Abengoa US yieldco faces uncertainty as parent company opens insolvency proceedings

280 MW CSP plant from Abengoa.

Commencement of insolvency proceedings in Spain sparks real fears of contagion for Abengoa Yield, the U.S.-based subsidiary of the Spanish renewable energy company.

IRENA: Renewables set to deliver climate solution

IRENA's REthinking Energy 2015 report

The renewable energy organization's latest report outlines actions that can limit the global temperature increase to below 2 degrees Celsius by accelerating the transition to renewable energy.

Latin America: IDB backs energy efficiency green bonds

Mexico City

The Inter-American Development Bank is facilitating up to $450 million in financing to underwrite energy efficiency projects in several Latin American countries.

UK embraces nuclear, gives energy intensive sector free ride

George Osborne, chancellor of the Exchequer

David Cameron's government is aiming to make the U.K. a leader in nuclear reactor technology while spending billions on cleaning up ageing nuclear sites. While eliminating environmental tariffs for big industry, it's also...

Saskatchewan sets 50% by 2030 renewable energy target

Saskatchewan's plan to double its share of renewable energy generation will include procuring at least 60MW of utility-scale solar through auctions beginning in 2016.

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.

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