Russia offers first ever subsidies for renewable energy
The world’s largest oil producer plans to develop its renewable energy sector which currently produces just 0.8% of the country’s power and has hosted its first clean power auction, with 39 ventures securing subsidies.
SunPower, Digital Federal Credit Union offer up to $100 million in loans
A new agreement between the Digital Federal Credit Union and the California solar company enhances the SunPower Loan Program to offer more financing options for residential customers.
Europe still has a big part to play
The EU’s status report on solar says Europe still led the world for installations last year. The report was issued to coincide with the opening of EU PVSEC in Paris on Monday.
Future PV grid integration at modest cost possible, report finds
A new PV Parity report examines the impact of PV on European electricity systems and assesses the actual costs of grid integration in 11 key EU countries.
British scientists call for world Sunpower Program to combat climate change
Leading scientific advisers in the U.K. urge governments to work together to create a global, collaborative solution to tackle climate change by harnessing the power of the sun.
IKEA to sell solar panels in all UK stores
The Swedish furniture retailer is to sell solar panels in all of its 17 U.K. stores within 10 months following a successful pilot project in one Essex store.
GCL nets $46 million for its solar project subsidiary
Polysilicon maker GCL GoldPoly has issued a US$50 million convertible bond to raise finance for its CSPG subsidiary. The move bolsters Hung Chao Hong’s stake in the Chinese manufacturer.
Sunpower to supply 69 MW to Shimizu Corporation for installation in Japan
SunPower Corporation’s high efficiency E20/327 solar panels to be installed by Shimizu Corporation at the Eurus Energy mega solar power plant in Aomori, Japan.
Italy and Spain warned by EU over renewables
The southern European nations have been given two months to fully translate the EU renewables directive into national law. The news comes as Italy lurches into another Berlusconi-prompted crisis.
Chinese government offers PV manufacturers a helping hand
Solar product makers in China continue to reap the benefits of a government eager to prop up a troubled industry. Beijing is now offering tax rebates to manufacturers in an effort to assist the struggling sector.
