IHS increases 2015 PV forecast to 59 GW, 2016 to 65 GW
IHS Inc. has raised its global solar PV forecasts for the next two years, to 59 GW and 65 GW, respectively. The U.S. and China are leading the charge. In 2019, meanwhile, over 70 GW is expected to be installed.
5 MDBs pledge $170 billion in climate financing
Ahead of the 2015 United Nations Climate Change Conference, or COP21, five multilateral development banks (MDBs) have pledged to increase climate financing to US$170 billion over the next five years.
Online solar shoppers are choosing direct ownership over leases and PPAs
Online solar marketplace provider EnergySage has released its first report on a year’s worth of purchases, showing some notable divergences from national trends.
Welspun Renewables receives US$617 million in funding
The Indian developer is reporting a massive infusion of debt, equity and credit to fund its renewable energy business, but details are sparse.
Bosch exits PV with thin film closure
Marking its exit from the PV industry, Bosch has announced it will close thin film PV development site, Bosch Solar CISTech GmbH, having failed to find a suitable investor. An exact date for the closure has not been given. 180 employees will be affected.
Punjab aims for full sustainability
Leaders in the Indian state have reiterated their commitment to solar photovoltaic power as they inaugurate the region’s largest green energy project.
China increases solar installation target for 2015
The country’s National Energy Administration is requiring new projects to be completed by the end of 2015 and connected to the grid by the end of June next year, a move that has led to increased installations for the year.
Nigeria Alternative Energy Expo sets sights on solar
The conference will seek to match renewable energy project developers with global investors and examine innovative solar financing programs and off-grid solutions.
Solar Decathlon kicks off amidst NREL layoffs
As international university teams compete on innovative solar home designs, the U.S. Energy Department’s National Renewable Energy Laboratory, which has been instrumental in organizing the popular challenge, is facing increasing staff reductions after laying off 10% of its solar researchers this week.
New York State plans for solar on 150,000 homes and businesses by 2020
NY Governor Cuomo has deepened the state’s solar commitment and made other pledges as part of an international MOU to reduce greenhouse gas emissions.
