Egypt agrees to international arbitration for PV projects but slashes FITs
Egypts Minister of Electricity and Renewable Energy announced an updated phase for its feed-in tariff (FIT) scheme, putting an end to the dispute over the location of the arbitration seat, but also dramatically reducing the FIT rate for PV projects to $8.4 cents and 7.8 cents/kWh, putting into question the viability of the previously proposed projects.
D.E. Shaw, Madison Dearborn agree not to block the sale of SunEdison assets
The agreement removes a key hurdle to the carving up of SunEdisons empire.
Philippines may place limits on future PV build-out
The countrys Department of Energy (DoE) may start imposing limits on the amount of renewables such as solar and wind that can be installed in parts of the country where the grid is most congested, according to a local report.
Lerri Solar plans further overseas growth
Longi Silicon subsidiary, Lerri Solar, has announced plans to continue expanding outside of China after a year of huge shipment and capacity increasing, with its own subsidiaries now set up in various different solar markets worldwide.
Canadian Solar enters into new distribution agreement in Mexico
The Chinese company has signed the agreement with local wholesale distributor of solar products DM Solar, for the companys popular modules that will be mainly used for small and medium-scale projects, as Canadian Solar raises its profile in the Latin American country.
Fifty-eight solar projects submitted within Argentinas renewable energy tender
The 58 PV projects have a combined capacity of 2.8 GW and are located in 12 different provinces. The solar quota for this tender was just 300 MW, with the winning projects due to be announced in October.
The United States and China formally join the Paris Agreement
The worlds largest emitters have committed to the global agreement, but the voluntary nature of individual national plans leaves many doubts.
South Korea's solar shipments spike in January-June period
Exports of solar modules and related PV kit soared 46.7% year on year to $2.01bn in the first seven months of 2016, according to new government data.
Silicor nears completion of financing for USD1bn Iceland facility
U.S. solar silicon manufacturer Silicor Materials is just USD150 million away from completing financing for the company’s first commercial-scale site to produce solar silicon using its unique production process.
USAID to fund solar research projects in India and Morocco
The U.S. Agency for International development (USAID) announced that it will provide USD10 million in funding to a number of projects aimed at addressing critical areas of development, two of the projects center on solar research in India and in Morocco.
