CHORUS Clean Energy prices IPO to raise 103-119 million
The wind and solar plant operator has priced shares for its initial public offering at 9.75 per share, the low end of previous estimates.
UK: 27,000 solar jobs could go if FIT cut proposals are enacted
Analysis by the Solar Trade Association of employment data released by TBR Economic Research reveals that the vast majority of the 35,000 jobs the solar sector support could be at risk if FITs are cut.
IEA: Renewable to add more than 700 GW of capacity by 2020
The International Energy Agency anticipates that renewable energy will make up the majority of new electricity generating capacity over the next five years, with solar PV being the second largest generation technology.
Western Australia to take small communities off-grid with solar plus storage
Western Power, the state-owned company that operates the grid in the south-west corner of Western Australia, is looking to take small communities completely off grid so that it can save money on costly network upgrades and extensions.
SkyPower announces $440m, 200 MW Djibouti solar plans
Canadian developer continues its international expansion with agreement to develop large solar project in the east African nation; plants will be built in four phases over next four years.
The pv magazine weekly news digest
The PV heavyweights are back in the headlines this week with the news that China and the U.S. have agreed a climate deal, SolarCity has tightened its grip on residential solar, and Hanergy’s woes continue.
India: PM Modi calls on states for proactive solar push
Indian Prime Minister sends pro-solar tweet hours after urging the country’s state leaders to ensure solar power projects are implemented as soon as possible; foreign bidders at auction draw criticism.
No German FIT degression in Q4 for first time
There will be no monthly decrease in the FIT paid to solar PV arrays in Germany this quarter, as new installed capacity for Q3 falls below the corridor that would trigger a degression. This is the first time no degression will take place since the current iteration of the FIT scheme was put in place in 2012.
UK: Solar spending cuts amount to 98% reduction in support, STA calculates
Analysis by the Solar Trade Association finds that the U.K. government’s proposed cuts will see the rate of solar support fall from 70 million pounds a year to just two million.
Oxford PV raises further GBP4.4 million for perovskite commercialization
The UK’s Oxford PV has raised a further GBP4.4 million (US$6.6 million) in a “top-up” Round B, to continue with its work in commercialization perovskite technology. Drawing on both new and existing investors, Oxford has now raised a total of GBP8.2 million (US$12.4 million) in its B round.
