Finance

This week: The looming bankruptcy of SunEdison came to pass as France looks set to increase its solar target threefold by 2023 and India appealed a WTO ruling that could have far-reaching effects on its domestic solar business.

Energy minister Piyush Goyal challenges World Trade Organization’s ruling that its domestic content requirements for solar violate international trade rules.

Mercatus Energy Investment Management report finds that emerging solar markets offer investors and developers high risk, high reward, which helps drive larger project size in these regions.

The inevitable has happened.

The inevitable has happened.

pv magazine spoke with Mercom Capital’s CEO about what led to the SunEdison bankruptcy, what this means for the industry and what’s next.

In Hanergy Thin Film Power Group’s 2015 annual report, issued today, the company’s independent auditors, Ernst & Young, emphasized that heavy losses in 2015 plus a lack of transparency regarding well over HK$5.5 billion ($710 million) in declared future revenues and prepayments point to “material uncertainty” as to the company’s future.

A potential SunEdison bankruptcy is not expected to affect India’s solar industry, Bloomberg reported Tuesday, citing comments made by Indian Power Minister Piyush Goyal.

The Royal Bank of Scotland invested a total of GBP 1 billion into the U.K.’s renewable energy sector in 2015, including a record GBP 450 million for solar, which represented a three-fold increase on 2014.

Launched last year by Brazil, Russia, India, China and South Africa, the Shanghai-based New Development Bank has made clean energy a primary focus.