State Grid of China’s offer to acquire Brazil’s CPFL Renovaveis judged too low
The renewable energy unit of the Brazilian power distributor, CPFL Energia is the largest shareholder in the country’s distributed solar energy business. The Initial Public Offering (IPO) from the Chinese utility, however, has been deemed too low by the Brazilian securities market authority.
Solar to lead global renewables growth for next five years — KPMG
Investors throughout the world made 406 investments in large-scale renewables in 2017, collectively valued at roughly €40.1 billion (US$49.5 billion), but solar is set to grow more in terms of capacity than any other clean-energy technology over the next half decade, according to a new report. Battery storage will play a crucial role in this, it found.
Solar Frontier posts $73 million operating loss in 2017
Japanese thin film PV manufacturer, Solar Frontier has posted an operating loss of JPY 7.8 billion (US$73.2 million) for 2017, as it continues to rejig its business strategy and consolidate production in Japan.
Spain’s Balearic Islands proposes ambitious 100% renewable energy law
Blasting the Spanish Government for its lack of renewables action, the Balearic Government has today issued an ambitious Climate Change Law designed to kick start a renewable energy transition on the four islands of Mallorca, Menorca, Ibiza and Formentera. Overall, it aims to cover 100% of energy demand with renewables by 2050. 230 MW of solar PV are alerady in the pipeline.
Japan to install up to 7 GW in 2018 despite cancellation of 14.6 GW of approved capacity — report
Japan will likely install 6 GW to 7.5 GW (DC) of solar in 2018, from about 7 GW in 2017, despite government efforts to cancel approvals for projects that were registered under the country’s old feed-in tariff (FIT) program, according to a new report.
Cleantech Solar awarded 27 MW of rooftop solar across three Asian countries
The leading solutions provider for corporate customers in Asia has inked long-term PPAs with three different firms, effectively augmenting its current portfolio that has been expanding since last November.
IEEFA identifies nine markets pushing boundaries of variable renewables integration
Latest report by IEEFA showcases nine case studies among the world’s leading states by wind and solar market share, which can serve as an example for other countries on their energy transition pathways.
China to achieve solar grid parity in 2023, slow development of storage hinders RE adoption, survey shows
Examining the outlook for renewables, grid and infrastructure, and energy storage for the next five years and beyond, the Lloyd’s Register 2018 Technology Radar study asks the question: When will renewables become the dominant source of energy?
Enphase and Panasonic announce AC module partnership
Company confirms Panasonic’s HIT modules to be fitted with Enphase Energy’s new IQ7X Microinverter as part of the partnership, while Enphase’s new IQ7X microinverter due to be released in May in North America, Enphase confirms.
Europe added 8.61 GW of solar in 2017 with Turkey taking top spot
Annual growth of 28% on 2016’s performance points to promising future as Turkey’s 1.79 GW saw the nation overtake Germany as Europe’s most dynamic solar market. Former shining star, the U.K. slinks away from top table after shrinking 54%.
