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India: Domestic content compromise proposed, WTO ruling postponed

The Indian Government has proposed a compromise to end the dispute with the World Trade Organization (WTO) over its domestic content requirement (DCR) for solar modules. A final ruling from the WTO was expected on Friday, however an official has confirmed to pv magazine this was postponed.

Enel receives $1 billion credit line from China

Enel has signed a US$1 billion framework agreement with the Bank of China and the China Export & Credit Insurance Corporation (SINOSURE) to promote the development of global projects, particularly under Enel Green Power.

Kyocera starts work on 13 MW floating solar plant

Kyocera has begun construction on what it says is the world’s biggest floating solar PV plant. The 13.7 MW project is located in Japan and should be complete in 2018.

Africa: Djibouti announces 300 MW solar project as part of 100% renewable future goal

The Djibouti Government has announced work is underway on a 300 MW solar PV plant. Around EUR 360 million will be invested in the project, which is being undertaken by Switzerland’s Green Enesys. The goal of the African country is to procure 100% of its energy from renewables.

Wafer utilization rates to be highest since 2010 on back of supply shortage

IHS, Inc. has confirmed a wafer supply shortage. This will lead to utilization rates of up to 88% in 2016, and increasing levels of outsourced production. Long-term contracts, often with pre-payment clauses applied, will affect some module manufacturers’ balance sheets. Prices for multicrystalline wafers are expected to continue their increase, while monocrystalline’s market share is set to grow.

Energy storage commercially viable, 900 MW expected in 2016

The energy storage market is shifting from R&D demonstration projects to a commercially viable market, states IHS, Inc. Q4 2015 saw a 45% increase in the global project pipeline, while 900 MW of projects are expected to be installed this year.

Mercom: Battery/storage M&A activity tops $2.4 billion in 2015

Mercom Capital Group has released its figures for battery/storage funding in 2015. While investment in the venture capital, and debt and public market financing sectors both fell, merger and acquisition (M&A) transactions saw a significant increase.

India: $743 million funding for 5 GW of solar, 30,000 jobs; record low tariff in Rajasthan

The Indian Government will provide around US$743 million for 5 GW of grid connected solar PV projects up until 2020. It envisages a total investment of $4.4 billion and the creation of 30,000 jobs under the program. In related news, a record low tariff of $0.063/kWh has been recorded in Rajasthan.

First Solar signs 550 MW of PPAs with SCE

First Solar, Inc. has signed 500 MW of power purchase agreements with Southern California Edison (SCE) for four of its solar PV projects. The new deals see SCE with 2.2. GW of solar under contract from the thin film company.

SunEdison closes on Dominion deal, sells stake to Terra Nova

SunEdison yesterday closed a deal to acquire a 33% stake in Virginia-based Dominion’s 567 MW solar PV portfolio. The renewable energy developer simultaneously sold the stake to Terra Nova Renewable Partners for the same amount.

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