SunEdison offloads 425 MW Indian solar assets to TerraForm, pays down margin loan
Yieldco drop-down seen as strategic move designed to boost the U.S. company’s flagging balance sheet; move unlikely to trigger wholesale withdrawal from the growing Indian market.
Canadian Solar to supply 112 MW of PV modules to Sunrun in 2016
This large purchase by the third-largest U.S. residential installer shows diversification away from REC Solar, its main supplier for the last two years.
Duke to build a 61 MW PV plant in North Carolina to serve Google data center
Google is the first company to participate in a Duke program from 2013 allowing companies to source their power from renewables.
Emerging markets attract most renewables investment
New renewables investment in 2014 in 55 developing world nations reached US$126 billion, finds a new report, over half of which went to emerging markets. The increase was recorded, despite a general slowing in economic growth. Declining clean energy costs, particularly for solar, are driving growth. Solar is also benefitting from high power prices and favorable irradiance.
US, Japan and South Korea to install 1.4 GW of energy storage between 2015-16
The U.S., Japan and South Korea are the leading energy storage markets worldwide, says IHS, with each forecast to exceed 100 MW of annual installations this year. Between 2015 16, they are set to install 1.4 GW of new capacity. Large-scale system costs, meanwhile, are expected to fall significantly by 2019, which will spur global growth.
SunEdison fires TerraForm Power President & CEO Domenech, shifts board
The company’s management changes follow a shift in strategy, with an attempt to be more boring after rapid growth spooked investors.
Alberta sets 30% renewable energy goal by 2030
Under new leadership, the province which hosts the heart of Canada’s oil sands industry will replace coal generation with renewables by 2030.
New York to get half its electricity from renewable energy by 2030
Following shortly on the announcement of new renewable energy targets in Alberta, the governor of New York State has plans to mandate 50% renewables in electricity by 2030.
US Energy Department: US$22.7 million for 23 solar tech projects
The new government program is aimed at supporting projects with the potential to significantly reduce the costs for solar energy systems while also boosting U.S. competitiveness and strengthening the country’s clean energy manufacturing sector.
Tesla still in talks for German battery fab
Electric car production is likely to accelerate in the wake of the VW emissions scandal, according to Audi’s top U.S. exec. While Daimler appears content to use Asian-made batteries, there are increasing calls for German automakers to work together to develop the next generation of batteries in Europe.
