US DOE awards $125m for 41 transformational energy tech projects, including solar
Funds issued as part of the Department of Energy’s Advanced Research Projects Agency-Energy to be issued ahead of the UN Climate Change talks in Paris as part of wider investment in low carbon economy.
British public vastly overestimate solar support levels, poll finds
According to a new YouGov poll commissioned by the Solar Trade Association, subsidies for U.K. solar power are 22 times less than people actually think, comprising just GBP 9 per consumer per year.
India: Waaree wins contract for 75 MW PV plant, orders 100 MW Huawei inverters
The Indian EPC last week secured the rights to develop a 75 MW solar PV plant in the Indian state of Gujarat, prompting an order for 100 MW of inverters and smart PV solutions from China’s Huawei.
FOE: Finance for 100% renewables exist, but policies are absent
In a new report, Friends of the Earth (FOE) calculates that switching to 100% renewable energy in Africa, Latin America and most of Asia by 2030 would cost US$5.15 trillion equivalent to the amount held by the worlds 782 wealthiest people. It concludes the financing for transforming the energy landscape exists, but that the political will is “shockingly” absent. Solar, meanwhile, is envisaged as playing a key role.
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.
