Markets

Longi Silicon subsidiary, Lerri Solar, has announced plans to continue expanding outside of China after a year of huge shipment and capacity increasing, with its own subsidiaries now set up in various different solar markets worldwide.

The Chinese company has signed the agreement with local wholesale distributor of solar products DM Solar, for the company’s popular modules that will be mainly used for small and medium-scale projects, as Canadian Solar raises its profile in the Latin American country.

The 58 PV projects have a combined capacity of 2.8 GW and are located in 12 different provinces. The solar quota for this tender was just 300 MW, with the winning projects due to be announced in October.

The world’s largest emitters have committed to the global agreement, but the voluntary nature of individual national plans leaves many doubts.

Exports of solar modules and related PV kit soared 46.7% year on year to $2.01bn in the first seven months of 2016, according to new government data.

U.S. solar silicon manufacturer Silicor Materials is just USD150 million away from completing financing for the company’s first commercial-scale site to produce solar silicon using its unique production process.

The U.S. Agency for International development (USAID) announced that it will provide USD10 million in funding to a number of projects aimed at addressing critical areas of development, two of the projects center on solar research in India and in Morocco.

Australia’s principal policy maker for the energy markets has waived through a rule change that could accelerate the use of battery storage to provide grid stability as more renewables enter the market. But the rule maker has shocked participants with another decision that may reinforce the dominance of the big fossil fuel utilities.

The Government of Indonesia and the Global Green Growth Institute launched the second phase of a green growth program this week, which aims to assist Indonesia’s central and regional governments to adopt and implement green policies. This is a vital development for a country that has great renewable energy potential, but has shown little institutional capacity to develop it. 

The U.K. investment company has announced that it is putting 28.2 million shares up for sale in an attempt to raise GBP 28.9 million (USD 38.5 million) for investment in an “attractive” 200 MW solar pipeline that it has identified.