India: Madhya Pradesh sells PV power at lowest Indian price
The central Indian state of Madhya Pradesh is now officially the state with the lowest solar power tariff at INR5.051 (US$0.08) per kWh. Companies that have bid for the projects are willing to sell solar power back to the utilities for this low price over 20 years.
Japan: First nuclear reactor gets turned back on
Four years after Fukushima, Japan’s fifth largest utility Kyushu Electric Power Company brought its Sendai nuclear plant reactor back online on Tuesday.
USDA to invest $63 million in rural renewables
The USDA will be investing $63 million in 264 projects across the U.S. The funding will support the Rural Energy for America Project.
India: MNRE sees need for cost-effective storage
The Ministry of New and Renewable Energy (MNRE) in India has called for Expression of Interest (EOI) for energy storage demonstration projects to support renewable energy generation. MNRE has set up a capacity addition target of 175MW by 2022.
India: Yes Bank raises more than $49 million for renewable projects
Yes Bank has managed to raise INR315 crores (US$49.37 million) to finance green infrastructure projects like solar and wind power in India. Investor IFC has also officially drawn back investments into coal projects.
Sunrun: Disappointment after initial NASDAQ debut high
The fourth largest solar installer in the U.S. Sunrun made its NASDAQ debut this week. The euphoria of going public fizzled when the company’s stock prices started tumbling.
ET Solar moves into the Turkish PV market
ET Solar has entered Turkey’s PV market with its new Turkish arm ET Solutions Istanbul. The company has already bagged two 1.1MW projects.
$4 million funding for solar startup Bright
Solar advocate Jonah Greenberger’s brainchild “Bright” has managed to raise $4 million in funding. Bright’s aim is to install solar panels on Mexican roofs under a subscription program, where homeowners get panels for free but pay for use.
Forecast: Steady increase to 92 GW annual solar installations by 2020
Apricum’s latest report based on its global market PV model shows continual growth in cumulative installations. Brazil looks set to possibly become the new PV darling.
REC sees potential in APAC region
Renewable Energy Corporation (REC) released its second quarter results for 2015, highlighting a 12% increase in module revenues and an increased solar footprint in the APAC region.
