India contemplates new funding model for solar mission despite budget deficit fears
Indias Ministry of New and Renewable Energy (MNRE) has today said that a Viability Gap Funding (VGF) model has been “envisaged” for the second phase of the countrys Jawaharlal Nehru National Solar Mission (JNNSM). National budget deficit concerns are, however, throwing the viability of the program into question.
Financial markets "endorse" Obama DOE and EPA nominees
In Washington, DC, this week, Department of Energy (DOE) Secretary Steven Chu and Environmental Protection Agency (EPA) Secretary Lisa Jackson officially vacated their seats in the Cabinet, leaving considerable baggage behind. The new nominees have been met with general approval, however.
Suntech exec chair swap branded "misconceived and unlawful"
Suntechs decision to replace founder and former CEO, Zhengrong Shi, with Susan Wang as executive chair of the Chinese companys board of directors has sparked an internal management struggle. Shi has branded the move both “misconceived and unlawful”. The news comes in the same month as Suntechs US$541 million bond payment.
Welspun achieves financial close on 130 MW Indian PV project
Welspun Energy Ltd has closed financing worth INR 8.85 billion on its 130 MW photovoltaic project, located in Madhya Pradesh, India.
Greece adds 300 MW of PV capacity in January
According to the latest figures, 300 MW of newly installed photovoltaic capacity was added to Greeces grid in January. Meanwhile, new forecasts estimate 2.58 GW and 2.82 GW of cumulative capacity at the end of 2013 and 2014, respectively.
SolarWorld kicked out of Germanys TecDAX
Germanys stock exchange has reorganized its indices. From the middle of the month, SolarWorld AG will be removed from the TecDAX.
Official: Chinese PV modules must register in EU
As of today, March 5, all Chinese photovoltaic modules and their main components coming into the EU must register with national customs authorities. This means should anti-dumping tariffs be imposed at the end of the year, they could be retroactively applied.
California: 266 MW PV farm to be finished in early 2014
AES Solar is expected to complete construction of the first phase of one of the worlds largest photovoltaic developments, located in Antelope Valley, California, in early 2014.
Greece: New bill aims to cut PV red tape
A new bill has been brought to the Greek parliament, aimed at speeding up so-called “fast track” strategic investments, including for photovoltaic projects. The goal is to reduce red tape and increase flexibility. Financing concerns still remain, however.
Yingli: Net losses hit $0.5 billion; expects to ship over 3 GW in 2013
2012 saw Yingli Green Energy Holding Company Limited record net losses totaling over US$0.5 billion a slight decrease on 2011. Despite this, the company saw photovoltaic module shipments significantly increase. For 2013, it predicts shipments of between 3.2 to 3.3 GW.
