Markets & Policy

Hungary grants 1-year grace period for PV projects under FIT scheme

The Hungarian government has updated the Decree 389/2007, which regulates the support for renewable energies, to allow around 2 GW of projects approved under the FIT program to see completion by the end of 2018, although the incentive scheme was closed in mid-2016.

Australian government to back blockchain PV, water project

The Australian government has agreed to provide AU$2.57 million (US$1.9 million) to support a two-year pilot project that will use blockchain technology to pair utility-scale and commercial rooftop PV with a battery, electric vehicle charging stations and water treatment and capture systems in the state of Western Australia.

JA Solar to drop NASDAQ listing, go private

JA Solar has signed an agreement to cancel its listing on the NASDAQ stock exchange and go private in an all-cash transaction.

Solar remains largely unscathed as House tax bill passes

Though there are modifications to the hard-won investment tax credit step-down provisions, it appears the bill leaves the solar industry largely alone.

German Development Bank sets up €33 million credit facility to support renewables in Africa

The facility is planned to improve liquidity of developers of renewable energy projects up to 50 MW across Africa.

France plans 200 MW joint wind and solar auction

The French government, which has so far held separate auctions for the two leading renewable energy technologies, said joint tenders will help further reduce costs. The first auction will be open to projects not larger than 18 MW.

Belgium may add up to 18 GW of solar by 2040

Belgian grid operator Elia expects solar could reach 11.6 GW by 2030, especially if distributed generation and storage begin to see strong development.

India committed to its renewable energy targets, MNRE says at COP23

Panel consisting of government officials and industrialists organized discussion on ‘Innovative Financing and Market Evolution to achieve 175 GW renewables by 2022’ at the India pavilion at COP23 in Bonn. The government remains ambitious to meet its target and to follow sustainable development.

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SunEdison to sell up to $417 million in TerraForm stock

The company stands to make a pretty penny by getting out of TerraForm Power.

Japan: Canadian Solar raises $66 million with dual-tenor green project bond

The solar PV giant has completed its second green project bond placement with Goldman Sachs Japan.