World Bank provides $185m for 310 MW of renewable capacity in Bangladesh
Multilateral lender hopes to leverage $212 million more from the private sector as falling solar development costs make renewables more attractive. A solar plant with a 50 MW capacity in Feni will be one of the first to benefit from the new funds.
SolarPower Europe’s industrial strategy is almost ready
At the Solar Power Summit in Brussels today, the industry group said it is preparing to launch a supply-side oriented industrial policy for the PV sector in Europe. The manufacturing sector on the continent has been hard hit since 2012, and has been buffeted by a range of unfavorable policy decisions.
Gujarat’s 1 GW solar tender fails to attract bidder
Developers turned their back on a procurement exercise linked to projects at the Dholera Solar Park, after insisting the challenging terrain meant the electricity price ceiling stipulated by the state would make projects unviable.
Munich Re’s new policy could help lever solar investment
Insurance is seldom sexy but climate change campaigners will raise a glass to Munich Re if the industry emulates its policy to cap the financial risk related to battery warranties and helps lift global investment in energy storage as a result.
Australian corporate renewable energy portal has 7 GW up for grabs
As the business case grows for corporates to sign renewable energy power deals, and Australia’s renewable project pipeline expands, the country’s first marketplace has opened for buyers and developers to form perfect power couples.
Andhra Pradesh gets fresh lithium battery investment worth $485m
Following New Delhi-based Urja Global, Singapore’s Ojovati and another Delhi company – Avanze Inventive – have signed memoranda of understanding to manufactue lithium-ion cells and batteries, respectively, in the state.
ADB provides $11.5 million for 50 MW PV project in Kazakhstan
The Asian Development Bank has signed an agreement to finance a project in the south of the central Asian nation.
Wacker expects profits to be hit by falling polysilicon prices
The German poly manufacturer expects to increase sales in the current financial year, however EBITDA is expected to be down as much as 20% as average prices for polysilicon will continue to decline.
SunPower brings its A game to high efficiency modules
The U.S. manufacturer has rolled out its new A-Series modules as the first product using its NGT solar cells, based on larger wafers and a streamlined manufacturing process. But will it be enough to get SunPower back in black?
Rajasthan solar auction draws electricity price of just 3.5 US cents
Record-setting Acme Solar has secured a third of the latest procurement exercise in the state with a lowest bid of INR2.48/kWh. The tender was oversubscribed by more than 100% as offers came in for 1,620 MW of capacity.
