Solar installations to soar under new South Korean energy plan
South Korea’s total installed renewables capacity will spike to 58.5 GW by 2030, from just 11.3 GW at present, under a new energy plan that prioritizes solar and wind development over nuclear generation.
EU Council emphasizes right of solar self-consumption under new climate target strategy
The EU Council has defined its negotiating strategy for the so-called winter package, with which the EU wants to reach its energy and climate targets. The representatives of member states accepted, inter alia, the right to self-generation and CO2 limits for power plants to be financed through capacity mechanisms.
Solar Frontier hits new thin film cell efficiency record
The Japanese thin film module manufacturer has announced the achievement of a new world record, having achieved a 22.9% conversion efficiency for a CIS cell measuring 1cm². The record has been verified by Japan’s National Institute of Advanced Industrial Science and Technology.
India drafts $1.7bn solar PV manufacturing scheme
India invites suggestions and feedback for its new solar PV manufacturing scheme, which aims to ramp up domestic manufacturing capacity of modules, cells, wafers and ingots, and polysilicon. The scheme is expected to be implemented at the beginning of 2018.
Sierra Leone begins construction on its first solar park
The 6 MW Solar Park Freetown will be built with the support of the Abu Dhabi Fund for Development (ADFD).
Yingli posts $355 million net loss in Q3
Yingli Green Energy’s net loss widened to RMB 2.3 billion ($354.9 million) in the three months to the end of September, from just RMB 335.4 million a year earlier, as its PV module shipments fell roughly 48% from the preceding quarter to 597.7 MW.
China to tackle curtailment with new PV monitoring system
China’s National Energy Administration (NEA) has revealed plans to monitor and evaluate PV projects to help channel investment into parts of the country where solar curtailment is less of a problem.
India’s SECI to roll out 10 GW floating solar tender
The Solar Energy Corporation of India will invite expressions of interest (EOI) from developers eager to build, own and operate floating PV installations at selected sites across the country.
Brazil awards 574 MW (AC) of solar in A-4 power auction
Solar was the prevailing source with an 85% share in all of the assigned capacity. Final average price for solar was 145.78 BRL ($43.88) /MWh.
Nigeria launches Sub-Saharan Africa’s first green bond
The $29.8 million in funds will be used to finance the implementation of projects by Nigeria’s Ministries, Departments and Agencies towards the achievement of its commitment to the Paris Agreement.
