Markets

The American PV developer’s framework agreement with a Philippine power company is its latest move in Asian PV markets.

The company plans to bundle production and development of inverters and storage systems at its headquarters in Baden-Württemberg after closing facilities in Hamburg and Hessen.

Rome-based Kenergia is developing and coordinating the Solar Breeder project in Morocco. The program is seen as the starting point in a process of investments that will involve Italian companies, local banks, private investors and the SIE and private investors.

The Utah-based company booked some 62 MW in the quarter, up 206% year-over-year, and installed about 49 MW — an increase of 196% while its cumulative installed megawatts reached approximately 178 MW at the end of September.

Bloomberg New Energy Finance (BNEF) has taken a bullish stance when making predictions for the 2015 solar market. It forecasts 58.3 GW to be installed in 2015, with lead analyst Jenny Chase saying the somewhat bullish figure is due to BNEF being, “fed up of being wrong on the downside.”

In order to achieve its energy 2021 energy target providing electricity access to all residents, the country is seeking to more than double electricity generation to 24 GW, 10% of which from renewables.

Despite escalating local opposition, oil giant Repsol is planning to commence deepwater drilling off Spain’s Canary Islands in search of petroleum. The sun-drenched Canary and Balearics Islands are Spain’s lost solar PV case.

BYD America will supply the battery storage modules for the projects. The batteries use lithium iron phosphate. Construction is to begin this winter, with completion scheduled for August.

The Australian Federal Government’s attempt to cut the country’s mandatory target for renewable energy (the RET) has hit another roadblock. The major opposition party, the Australian Labor Party, has walked away from the negotiating table, saying it cannot accept the “deep and devastating cut to the sector,” being proposed by the government.

The Norwegian company and its Jordanian partners will receiving funding from the EBRD and France’s Proparco for the planned 43 MW of projects.