Mercom Capital forecasts that the global PV market will grow only 13% in 2016, with the United States surpassing Japan to become the #2 installer of PV globally.
The locally made controllers comply with Brazilian Development Bank requirements and will facilitate local bank credit access for EPC companies and developers.
Scatec Solar partnered with Google to finance and own the solar park, which will generate 210 kilowatt hours of electricity annually. The Norwegian company is currently developing a second plant of equal size in the state.
The Chinese solar tech group said it would increase investment on research and development with the aim of further raising its modules’ mass production output power up to 310 W.
As the need for the integration of renewable energy into the power grid grows, Asia will emerge as dominant region for energy storage, according to Frost & Sullivan. That need is expected to drive significant interest in community and grid-scale energy storage solutions next year, particularly in Japan, China and South Korea.
The company says the minimum import price does not reflect current market trends, which show average selling prices in major markets continuing to decline at a faster than expected rate. Trina will now supply EU markets through its overseas manufacturing facilities.
A project in South Korea will show how battery-storage systems can provide grid services on a grand scale. Its 200 megawatts of reserve power exceeds previous project examples by far. Projects are already pointing in the right direction in Europe, too, with one small catch.
This week in PV news: Mexico approves energy reform, India installs the largest single rooftop solar in the world and the U.S. looks set to install a whopping 3 GW this quarter. In the U.K., a proposed tax hike on solar panel generates further woe and Dubai’s 800 MW tender has major global PV players scrambling to the Gulf.
The bank will provide US$88 million in loans to build the project, which could be the first large utility-scale solar plant in El Salvador.
SkyPower and Plan International plan to distribute two million home solar kits over a five-year period, with an aim to reduce reliance on kerosene.
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