Japanese venture snaps up 10% of ReNew Power for $200 million
Jera — jointly owned by Japanese utilities Tokyo Electric Power (Tepco) and Chubu Electric Power — will acquire an equity stake in the Indian independent power producer via a subscription to newly issued shares.
Genex Power secures $76.8 million for 50 MW Australian mine PV
The Sydney-based developer has obtained A$100 million ($76.8 million) in funding from Clean Energy Finance Corp. (CEFC) and Societe Generale.
Onyx Solar begins construction on largest solar skylight installation
A new mixed-use building complex being developed by Somerset Development will feature the installation of more than 3,200 solar skylights, which will generate electricity whilst naturally illuminating the complex.
Sparx’s clean-energy investments hit $1.2 billion in Japan
Solar accounts for nearly 92% of its 307 MW renewables portfolio, with total investment reaching ¥137.3 billion ($1.2 billion) by the end of January 2017.
Lithium-ion battery storage may be banned inside Australian homes
Lithium-ion battery storage devices – including Tesla Powerwalls and other products – may be banned from being installed inside homes and garages in Australia under new guidelines being drafted by Standards Australia.
Sumitomo Corp. to develop 32.3 MW in Fukushima
The Tokyo-based group will oversee construction of the ¥13 billion ($114.3 million) project in the city of Minamisoma, on the east coast of the Japanese island of Honshu.
Analysis: India’s record-low solar tariff product of unique circumstances, says Mercom
Price of INR 3.30/kWh recorded at Rewa Solar Park auction in Madhya Pradesh among lowest in the world, and marks continuation of downward trend. Many factors played a role in bringing down the price in this particular auction, says Mercom Capital Group.
European Commission approves new schemes for French solar
Two new programs supporting both residential and largers scale solar will enable France to develop around 2.6 GW of new projects, pushing the country to reach its EU set target of producing 23% of its energy from renewable sources.
the pv magazine weekly digest
It’s been another typically busy week for solar in 2017. Predictions for the storage market are ballooning, while PV prices are shrinking, policy’s shifting, and ever more players are jumping into the fold.
IRENA Director: UAE’s and Saudi Arabia’s move to solar is genuine
The United Arab Emirates (UAE) and Saudi Arabia announced recently new energy strategies towards renewable energy development, prompting the renewable energy sector to question whether this shift is genuine.
