UK: £300 million in subsidy support for renewables
The increased budget will be split between the various renewable energy technologies bidding for subsidy support. The country’s Solar Trade Association says the government’s decisions “represent serious tragic mistakes in energy policy.”
OPIC issues first green guaranties in climate-friendly milestone
The Overseas Private Investment Corporation’s green guaranties are intended to support climate-friendly investments around the world.
Heliatek raises EUR 18 million from investors
A group of high-profile investors led by BMW heir and entrepreneur Stefan Quandt are supporting the German organic solar film manufacturer’s market entry in the BIPV and automotive sectors.
Trina Solar issues $100 million convertible notes
As part of the notes ofering, the Chinese PV group has agreed to lend American depository shares to o investors, who will be able to hedge their investment in the notes.
Scatec Solar lowers IPO price as company delays first day trading
Norwegian solar company sharply cuts the price range for its share offering as it lowers sales forecast ahead of trading.
New York's $5bn renewables vision
NYSERDA says its 10-year plans will cost $3.85bn on top of current spending commitments. But the sustainable energy body says that does not mean a rise in energy bills for consumers.
IEA: Solar could be world's main energy source by 2050
International Energy Agency announces at EU PVSEC that solar PV could provide 16% of global electricity by 2050.
ADB signs off $152m Rajasthan loan
Indian state will get finance to expand its transmission network. Rajasthan wants to generate 8 GW from solar and wind by 2018.
UN Climate Summit strikes bum note
Despite the self-congratulatory mood, critics attack gathering of 120 world leaders for failing to rise to the challenge of climate change.
Berkeley Lab report examines financial impacts of distributed PV on utilities
Impacts to utility shareholder earnings and return on equity can vary greatly but can also be mitigated through a range of measures, according to analysts.
