UN analysis finds total shift away from fossil fuels will have minimal impact on economic growth while averting feared 2C temperature increase by 2050.
The future of the ambitious, multi-billion dollar-project to generate renewable energy in the MENA region in order to supply Europe appears to be in doubt following the exit of major German partners.
The European Union has reportedly approved provisional duties, introduced in November last year, ranging from 17.1% to 42.1% on Chinese imports of solar glass for the next five years.
Further duties on modules assembled in China and on Taiwanese solar components would increase U.S. pricing as firms pass added costs onto customers or outsource production to higher-cost regions, according to GTM Research.
While still posting losses, the Norwegian company appears to have reversed its declines. Despite a challenging market, the company warily predicts that things will get better.
The Chinese company is expanding its activities in Turkey, which it sees as a “major hub for the booming Turkish, developing Middle East and established European markets.”
The decline of Western countries’ prominence has been further illustrated with IHS’s new report. Having conquered their domestic markets, inverter suppliers from China and Japan are positioned to expand internationally.
The Solarex confab in Istanbul, which runs through Saturday, is enjoying bustling attendance, with a slew of international companies showcasing products and services. German equipment manufacturers in particular have reported good business in Turkey.
Local developers expect at least 500 MW a year of new installed PV capacity in Turkey starting in 2016 despite the difficulties facing the sector.
The European Commission has adopted new rules for public support of renewable energy and environmental protection projects that offer greater protection for energy intensive industry.
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