Four renewable energy associations in Spain have joined forces to oppose implementation of the Spanish governments new decree, which “retroactively aggravates initial investment conditions” for developers of photovoltaic installations and other renewable energy plants.
Greece-based Metaxas and Associates Law Firm has lodged two complaints with the European Commission against the retroactive taxes applied to renewable energy systems in Greece. Meanwhile, rumors abound that the Greek government is considering more retroactive cuts.
The U.S. has requested World Trade Organization (WTO) dispute settlement consultations with the Indian Government regarding Indias solar photovoltaic domestic content requirements (DCR). Industry association SEIA has come out in support of the move.
The sky is the limit for photovoltaic market growth, which is expected to more than triple by 2020, according to a report just released by London-based research firm GlobalData. It says growth is being stimulated by two major forces. Challenges are present, however, including issues over existing grid infrastructure.
Italian renewables provider Enel Green Power’s consolidated results for 2012 paint a picture of growing revenues and profits coupled with a growing debt pile.
Chinese photovoltaic project developer Sky Solar has connected the first 30 MW of a 200 MW solar park in Xinjiang Province, as well as securing funding for three projects in the Czech Republic.
Its okay to blink. Most of the solar market is going nowhere fast at least, nowhere that the risk-averse investor would want to be. The sector remains a challenging place to do business, as long as subsidies continue to shrink worldwide and panels remain plentiful. There are, however, some interesting opportunities, both downstream and (surprisingly) online.
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