Latest headlines

Solar, wind power output to surpass shale in five years, says Goldman report

Solar and wind will grow by more than 110 GW this year, with PV surpassing wind annually for the first time in 2018, the report finds.

New solar and wind capacity additions between 2015 and 2020 will add more power globally than U.S. shale-oil production did during 2010-2015, according to a new report by Goldman Sachs.

Work begins on 212 MW solar project in West Texas

Construction has begun and financing has been secured on one of first solar projects over 100 MW in Texas, as Southern Company acquires a majority stake.

The pv magazine weekly news digest

Berlin, Germany

The 16th Forum Solarpraxis kicked off in the German capital this week showcasing international developments in technology and policy and offering market assessments from industry reps. Developments in Germany and the U.K. could...

Forum Solarpraxis: It's all political for Europe's big two solar powers

Attendees at the 16th Forum Solarpraxis in Berlin have been buoyed by the news that the German storage subsidy is set to be extended for three years.

Contrasting fortunes for the German and U.K. solar PV markets in 2016 will suppress the European solar landscape as policy changes take effect.

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.

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.

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.

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.

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.

389 MW of solar comes online in Honduras in 2015 to date

This rapid pace makes Honduras the second-largest solar market in Latin America in 2015. Plants commissioned since the first of the year include one larger than 100 MW and another 61 MW.

Tongwei’s cell plans deserve caution despite ambitious downstream pipeline

China flag

Chinese PV aspirant Tongwei’s 5 GW PV cell facilities may take several years to realize, analysts caution, while its downstream ambitions in China could see significant capacity realized. Fab fit out likely to lead to orders from...

Enel marks push into renewables with Enel Green Energy repurchase

Enel Green Power power plant.

Italian utility Enel is moving towards the repurchase of renewable developer Enel Green Power (EGP). The move is the key part of Enel's stepping up of its renewable activity, as CEO Francesco Starace looks to EGP becoming "one of...

UK to phase out all coal plants by 2025

Coal plant.

Energy Minister Amber Rudd delivers speech calling for an end to 'outdated' energy source, with natural gas and nuclear power to be ramped up to plug the power gap.

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