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.

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.

India: Solar to beat coal on cost by 10% in five years, says KPMG

The conditions are already in place for solar to undercut coal on cost, and the price disparity could grow once adoption of clean energy is embraced more fully.

Report by KPMG India finds that the levelized cost of solar power in India will be around 10% cheaper than coal by 2020, with PV penetration rates set to reach around 5.7%.

Brazil government approves 1.5 GW of new solar and wind power

Solar development in Brazil.

Contracts granted by the government for the development of 930 MW of solar PV capacity and almost 550 MW of wind farms as part of a $1.7 billion push to upgrade the nation’s energy system.

The pv magazine weekly news digest

Glass most definitely half full.

Amid new efficiency world records, surging growth for emerging solar markets and a bullish report from IHS predicting 272.4 GW of new capacity by 2019, naysayers and doom mongers are still making their voices heard.

IEA renewables forecast "inadequately low" includes "serious errors" says NGO

IEA presentation

Energy Watch Group has criticized the International Energy Agency's renewables predictions as containing "serious errors," concluding that the forecasts are "inadequately low." The international network of scientists and...

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