SolarPower Europe leads cross-sector clarion call for more flexible power markets in EU
Industry associations including wind, solar, gas and storage sign declaration calling on EU to drive electricity market reforms this year that will deliver more flexible power markets and systems compatible with renewable energy and storage.
Hawaiian Electric partners with Varentec to test island PV integration technology
The Hawaiian utility embarks on pilot project using Varentec’s grid optimizers and management systems to test ways to minimize voltage fluctuations on island grids with high solar penetration.
Trina Solar signs 40 MW module supply deal with Turkish EPC
The Chinese solar company strikes agreement with Tegnatia for delivery of its 60-cell and 72-cell polycrystalline modules ahead of the Solarex Exhibition to be held this week in Istanbul.
India: NTPC greenlights 510 MW solar power investment
Board of the state-owned utility clears investment funding for two solar power projects, including 260 MW project in Rajasthan and 250 MW project in Madhya Pradesh. Investment total to reach $467 million.
Yingli debt repayment extension proposal fails to reach agreement
Lead underwriter of $220 million loan due on May 12 takes into consideration Yingli’s request for two-to-three year repayment extension but fails to confirm agreement.
UK: supporting renewables over controversial Hinkley nuclear plant could save billions, finds report
Study by thinktank the Intergenerational Foundation projects savings of GBP 40 billion over the next 35 years if money earmarked for Hinkley Point nuclear station was instead steered towards solar power.
MENA region could save $750bn if renewable targets met, says IRENA chief
IRENA director general Adnan Amin believes the Middle East and North African power sectors could enjoy a net benefit of $750 billion if countries in the region are able to hit their 2030 renewable energy targets.
India: SunEdison seeking buyer for 1 GW of solar projects, ministry eyes $500m AIIB loan
Troubled clean energy developer hopes to offload close to 1 GW of unfinished solar projects worth around $1.1 billion as it seeks to ease debt burden amid talk of impending bankruptcy.
Yingli reaches $7.5m lawsuit settlement deal with Solyndra
Anti-trust Litigation settled in lawsuit brought by the now-defunct Solyndra back in 2012; deal sees Solyndra agree to release Yingli and its affiliates from similar allegations or claims in the future.
Hanergy Thin Film losses for 2015 hit $1.6bn
Troubled Chinese solar company Hanergy sees losses for the last calendar year soar to $1.6 billion amid growing possibility that the company may not be able to continue as an ongoing concern.
