Just over a week after Nevada’s Public Utilities Commission took the decision to scrap retail-rate net metering, SolarCity has announced 550 jobs will go in the U.S. state. The rooftop solar PV installer has also closed its training center in West Las Vegas.

SunEdison Inc. has announced a further action to raise capital and remove debt. Under a Second Lien Facility, the renewable energy giant will raise US$725 million, while a series of exchange agreements with certain note holders will see a reduction of $738 million in debt.

The Delhi Metro Rail Corporation (DMRC) and the Solar Energy Corporation of India (SECI) have signed an MOU to deploy 500 MW of solar PV projects over a three year period.

United Photovoltaics Group Limited has received up to US$1.5 billion from CITIC Financial Leasing Co., Ltd for the development of solar PV plants in China. In other news, Hareon has reportedly breached a contract with the Hong-Kong company, worth $64.5 million.

Orix Corporation and Sharp Corporation have completed a 45.6 MWdc solar PV project in Japan.

Kicking off 2016’s PERC news, Taiwan-based Gintech Energy Corporation has achieved a solar PV cell efficiency of 21.44% using its PERC technology, thus ranking it number three in terms of global monocrystalline PERC efficiencies, behind Trina and SolarWorld. Predictions are PERC demand will continue well into 2016.

Sonnedix has acquired SunEdison’s 23.6 MW AES Solaire France portfolio. The purchase takes the IPP’s installed solar asset base to over 150 MW.

While the Indian Government’s recent announcement of a significant funding boost for rooftop solar PV projects has been welcomed, experts say a lot more needs to be done, financially and in terms of policy and regulations, to drive installed capacity up from just 525 MW today, to 40 GW by 2020. Despite this, the sector is expected to see CAGRs of up to 70% in the next five years.

The Indian Government has unveiled plans to install 4.2 GW of grid connected solar PV up until 2019-20 under its National Solar Mission. A budget of around US$751 million has been allocated. It is still unclear how its 40 GW 2020 rooftop target will be met, however.

India’s central Electricity Regulatory Commission (CERC) calculates the capital cost for solar PV has dropped 28% from the benchmark numbers over the last two years. Meanwhile, an initial tariff of INR 7.01/kWh has been set. The final figures are to be confirmed this March 31.