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Germany's Abakus Solar applies for preliminary insolvency

German PV company Abakus Solar AG on Thursday applied for the initiation of preliminary insolvency proceedings in a local court in the city of Essen.

The pv magazine weekly news digest

Tesla continued to shake up the auto industry this week with a new, more affordable model. In addition, a new forecast by BNEF sees solar capacity reaching stratospheric levels in the next 15 years while troubled SunEdison is eager to find a buyer for its solar assets in India, which it hopes to offload for $1 billion.

New Hampshire Senate passes bill to double net metering cap

The state’s governor is expected to sign the bill, which will allow New Hampshire to install up to 100 MW of solar PV under net metering.

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SolarCity closes on $188 million worth of tax equity financing

This is the second large fund that SolarCity has closed on in the past two days.

Ontario plans for 250 MW-AC of solar in 2nd phase of large renewables procurement

The province has doubled renewable energy targets in the 2nd phase of the LRP, citing lower than expected costs.

Argentina establishes new landmark renewable energy policy

Decree 531 outlines plans to create a trust fund of 12,000 million Argentine Pesos (USD819 million) for renewable energy this year, and also outlines bidding processes for renewable energy projects.

E.ON releases its home storage system, to add to a growing German market

The German energy supplier released its all-in-one PV panel, storage device, energy app, and green electricity tariff today, to rival other prominent solar energy storage products in Germany’s fast-growing battery market.

Study: “second-life” EV batteries to offer 1 TWh capacity by 2030

The reuse of batteries originally built for electric cars can offer up to 1000 GWh storage capacity worldwide by 2030, while driving further cost decline for solar and storage technologies.

Global renewable energy capacity grew at record speed in 2015

Renewable power generation capacity grew by 152 GW in 2015, which, at 8.3%, is the highest increase ever recorded, predominately driven by huge capacity increases in Asia. Global solar capacity enjoyed unprecedented growth of 26% due to huge price drops in the technology.

Massachusetts House, Senate approve bill to lift net metering caps

The compromise bill has sped through both Houses, and now will go to Governor Charlie Baker’s desk. Under new regulations larger private solar installations will see compensation cut.

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