UK: Solar spending cuts amount to 98% reduction in support, STA calculates
Analysis by the Solar Trade Association finds that the U.K. government’s proposed cuts will see the rate of solar support fall from 70 million pounds a year to just two million.
Jordan receives $250 million loan from World Bank to boost renewables
The World Bank has approved a $250 million loan facility to support Jordan’s transition to renewable energy and the more efficient use of water resources. The loan is specifically expected boost residential solar PV installations for poor households.
SkyPower signs 150 MW PPA in Madhya Pradesh
Canadian solar developer enters long-term power purchase agreement with the Government of Madhya Pradesh for the development of 150 MW of solar PV.
Austin, Texas to procure up to 300 MW of solar now, another 300 MW later
Today the Austin City Council meets to consider two sets of contracts, but the decision appears to be a done deal. More than 600 MW of bids came in at under five US cents per kWh.
Argentina passes renewable energy law: 20% by 2025
The law includes an 8% target by 2017, a price cap for contracts, and an obligation for large energy users.
NEXTracker completes 110 MW shipment to SunEdison Chile solar farm
Supply of Self-Powered Trackers to the 110 MW Quilapilun power plant in Chile now complete; SunEdison developing the project, which is set to become the company’s largest in South America.
Solar a solution in sub-Saharan Africa, says UK minister
British International Development Minister Grant Shapps says cheaper solar panels can deliver a solar revolution to Africa, reaffirms U.K.’s commitment to aid the development of the fledgling solar market.
Indian power giant proposes 4 GW solar goal
Neyveli Lignite Corporation (NLC), which relies on lignite and coal to deliver power to India, has ventured into the world of solar PV; 10 MW array first step towards 4 GW installation goal, chairman says.
US: Utility-scale solar averaging five cents/kWh, study finds
Report by Lawrence Berkeley National Laboratory finds that utility-scale solar project developers negotiate average PPAs of just five cents per kWh, an all-time low figure; 30% ITC helps lower costs.
JinkoSolar reaches lawsuit settlement to tune of $5.05 million
Chinese solar manufacturer enters into settlement relating to 2011 lawsuit brought over environmental regulation dispute to “eliminate uncertainty” and burden of further protracted litigation, says company.
