China: Qinghai targets additional 7.1 GW of renewables in 2016
Qinghai Electric Power, the sub-company of Chinas State Grid Corporation aims to install 7.1 GW of renewable energy in 2016, the majority of which will comprise solar PV, up from the provinces cumulative capacity of 6 GW.
India to install 4.2 GW of rooftop solar under increased budget
The Indian Government has unveiled plans to install 4.2 GW of grid connected solar PV up until 2019-20 under its National Solar Mission. A budget of around US$751 million has been allocated. It is still unclear how its 40 GW 2020 rooftop target will be met, however.
CERC: Benchmark solar capital cost in India falls 28%
Indias central Electricity Regulatory Commission (CERC) calculates the capital cost for solar PV has dropped 28% from the benchmark numbers over the last two years. Meanwhile, an initial tariff of INR 7.01/kWh has been set. The final figures are to be confirmed this March 31.
Finlands Valoe sees funding boost for back contact solar technology
Valoe Corporation, formerly known as Cencorp, has received a EUR 4 million funding boost to develop its back contact solar PV technology. The company is also confident it will soon finalize financial negotiations for its first foreign manufacturing partnership agreement.
Amtech reports a spike in solar equipment orders
The PV equipment maker has reported $22 million in solar orders in its most recent quarter, mostly from an un-named solar cell manufacturer in Asia.
SunEdison to wipe out $336 million in debt, while partnership buys stake in Dominion solar portfolio
The troubled renewable energy giant is delivering on its promise to lower debt levels, while still keeping more renewable energy projects within reach.
Abengoa receives 106 million loan from creditors
The 15-month loan will be used to keep the Spanish corporation afloat as it restructures.
Abengoa redefines its solar strategy in Chile, gives assurances for 950 GWh awarded in auction
The bankruptcy process requires the Spanish company to slow down the Atacama 1 CSP project, to reconsider its list of local projects and consider selling various assets.
Spain's Constitutional Tribunal gives a bitter Christmas gift to solar producers
Hours after learning of the Supreme Tribunal’s doubts regarding the constitutionality of the removal of the feed-in tariff for PV, Spain’s Ministry of Industry reports that the Constitutional Tribunal has dismissed an appeal by Murcia and affirmed that this can set a legal precedent.
Taiwan ups solar FITs, sets 500 MW 2016 target
Taiwans Ministry of Economic Affairs has released new tariffs for solar PV. To boost activity in the region, a 12.5% increase in tariffs has been set for installations in the northern part of the country, and in Miaoli County. Other installations will see tariffs rise 5.6%. Overall, 500 MW are being targeted next year, while cumulative capacity should reach 8.7 GW by 2030.
