Latest headlines

UK renewables sector cheers carbon budget decision

Ed Davey, Nick Clegg

Legally binding target to cut carbon emissions by 80% will be upheld during the period 2023 to 2027, says U.K. Energy Secretary Ed Davey.

100 GW annual PV deployment by 2018, says NPD Solarbuzz

NPD Solarbuzz forecast graph

The global PV industry will add 100 GW of capacity a year by 2018 say the analysts, with c-Si technology set to dominate the landscape.

Solar spending could reach $3.8bn in 2014, says IHS

Rio de Janeiro, Brazil.

The analysts expect global expenditure on solar PV to increase by 45% on last year, with Latin America leading the way on manufacturing growth.

Analysts expect $58m loss for SMA

The SMA Solar Academy building.

The overcapacity and price falls that dogged manufacturers are expected to have finally fed through into this year's results for German inverter maker SMA Solar. The figures will be confirmed on Thursday.

SolarCon China closes on high note

SolarCon 2014, PV FAB Managers Forum

The three-day Shanghai conference and exhibition showcased a booming domestic PV market and a recovering manufacturing industry while focusing on the country's increasingly significant downstream sector.

Japan proposes new FITs, unveils lithium-ion battery subsidies

Tokyo, Japan

The Japanese government is expected to approve recommendations to slightly reduce PV FIT levels while introducing a new subsidy program for battery storage systems.

Wacker strikes polysilicon deal with Chinese government

Wacker polysilicon

The amicable solution reached with the Chinese Ministry of Commerce ensures Wacker's minimum import prices are based on market levels. MOFCOM will refrain from applying punitive tariffs.

Texas utility secures rock-bottom price for solar

Austin, Texas

Under the unprecedented agreement between Austin Energy and SunEdison, the utility will buy solar power for less than $0.05 per kilowatt hour.

SunShot invests $2.2m in three solar start-ups

The Department of Energy's Incubator program has announced the recipients of its eighth round of awards. Belmont-based CelLink Corp says it can reduce panel manufacturing costs by 10%.

$100m renewables fund for sub-Saharan Africa

The African Renewable Energy Fund closed its first round of capital raising with $100 million in the bank. The fund hopes to double the amount available for 5-50 MW schemes within 12 months.

Solar revival sparking next-gen tech revolution, says IHS

CdTe thin fim cell.

The analysts anticipate advanced PV technologies to find their way into the mainstream this year as solar capital expenditure bounces back.

Mexico moves up to third in IHS Emerging Market Report

Queretaro in Mexico.

Boosted by the 300 MW of PV capacity under construction, IHS ranks the Central American nation third behind South Africa and Turkey.

Greece brings new retroactive measures; cuts FIT by 30%

Athens, Greece.

After a prolonged delay, the Greek government published anticipated new retroactive measures last Friday. On average, the new measures slash FITs of operating PV plants by 30%.

Chaori default yet to hit Chinese rivals


There was no sign of the rout from Chinese shares predicted by some commentators after Chaori Solar's default was confirmed on Friday. Any hangover from the weekend should be noticeable when the U.S. exchanges open this afternoon.

Chaori Solar confirms historic default

Stock market investors.

The Shanghai manufacturer has reportedly confirmed its default on a $15 million interest payment to Chinese bondholders. The development comes despite the company's presence on the Chinese government's list of favored companies.

Chaori Solar debt warning raises prospect of first onshore China default

China flag.

The Shanghai-based solar cell maker has said it may not meet a $14.6 million interest payment in what would be the first onshore default for China's PV industry.

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