Markets

Local reports suggest the Chinese solar firm has penned a memorandum of understanding with the Andhra Pradesh government to develop its 2 GW, Rs 2,800 crore solar manufacturing facility in Atchutapuram.

Energy Minister Amber Rudd delivers speech calling for an end to ‘outdated’ energy source, with natural gas and nuclear power to be ramped up to plug the power gap.

Consultancy firm says landmark was reached in October, adding as much solar capacity in the past 12 months as the three years that preceded it; next 12 months will see slight slowdown, with 455 MW installed.

The wind giant reveals bold investment plans in India’s solar market, building on orders already placed to target the development of 100 MW of PV capacity; muses entrance into inverter sector.

SolarCity Chair Elon Musk and CEO Lyndon Rive have joined the investment, which comes as SolarCity’s stock remains depressed.

SolarCity Chair Elon Musk and CEO Lyndon Rive have joined the investment, which comes as SolarCity’s stock remains depressed.

68 state and local governments and organizations have now made pledges to increase access to community solar under a national partnership, including industry leader Clean Energy Collective.

The German inverter manufacturer expects to generate EUR 200 million in revenue in 2015, almost double the figure achieved in 2014; company expects turnover to reach EUR 250 million next year.

The U.S. residential solar installer’s profit of $468,000 represents a solid turnaround on Q3 2014, with installations and bookings up 25% and 15% respectively.

Report by KPMG India finds that the levelized cost of solar power in India will be around 10% cheaper than coal by 2020, with PV penetration rates set to reach around 5.7%.