The investment was announced on the same day the company also revealed details of an agreement with JX Nippon Oil & Energy Corporation to distribute its high efficiency PV modules in Japan.
IHS analyst Ash Sharma says the Japanese government's reduction of its climate change commitments could affect the solar FIT in March. The generous regime will be reassessed in four months' time, says Sharma.
Regulators on Thursday voted 3-2 in favour of a $0.70 kW surcharge on all new solar customers from January 1, 2014, adding approximately $5 per month to their bills.
UPDATE: India's Ministry of New and Renewable Energy hopes to build five "ultra-mega renewable parks," which could generate up to 18 GW in the next 10 years.
As market conditions begin to improve, the analysts have raised their forecast for PV capital spending, predicting a 42% increase in 2014.
Some 170 exhibitors and 8,500 visitors are expected to attend this year's exhibition. The conference, which will see 700 visitors, is highlighting the development of India's solar mission and state programs.
The $120 million project to develop the next generation of energy storage batteries is looking across the Atlantic for assistance. A roundtable at the US embassy in Berlin sought to tap into German expertise.
The investment from Overseas Private Investment Corporation (OPIC) will fund the 60 MW Boshof Solar Park in the country's Free State province.
The U.S. solar equity markets enjoyed an upswing in October, driven by a substantial number of utility scale projects in the pipeline and advances in technology.
Less was more that this year's PV Taiwan confab in Taipei, where attendees noted a greater number of higher level executives and more serious engagement among participants as overall business improves.
The cluster of three solar projects is located in the Lisbon, Setubal and Evora regions of the country, with Martifer Solar responsible for all operations.
Singapore continues to shine: the arrival of the two leading global PV players further solidifies the island nation's standing as the Asian Pacific solar hub.
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