Markets & Policy

Year-on-year inverter shipments grow by 35% over the first nine months of the year, but revenue growth over that time increases just 4%; growing acceptance of cheaper Chinese inverters putting price pressure on the market.

At the unveiling of the International Solar Alliance on the first eve of COP21, Indian Prime Minister Modi said India will see 12 GW of new solar capacity installed in 2016. He added that the alliance is a “sunrise of new hope” for clean energy. US$30 million will be invested in establishing its HQ. Overall, the alliance aims to mobilize US$1 trillion in solar investment.

In addition to the world’s leading development banks agreeing to work together to increase climate investment, the last two days have seen the RE100 initiative welcoming a number of new participants looking to commit to 100% renewable electricity, and the American Business Act on Climate Pledge attracting a total of 154 companies.

The world’s largest retailer is also hosts the most solar on its U.S. facilities of any corporation, with 32 MW added in 2015 to reach 142 MW overall.

The state’s latest report on clean energy found 14,820 workers in Massachusetts’ solar sector, at the very moment when the industry is threatened by legislative inaction on net metering caps.

The Emirate kingdom of Dubai has announced a program that will see it generate 25% of its electricity from solar by 2030. Along with an announced 5 GW expansion of the Sheikh Mohammed Bin Rashid Al Maktoum Solar Park, the Dubai government has called for all rooftops to be equipped with solar PV by 2030.

The Emirate kingdom of Dubai has announced a program that will see it generate 25% of its electricity from solar by 2030. Along with an announced 5 GW expansion of the Sheikh Mohammed Bin Rashid Al Maktoum Solar Park, the Dubai government has called for all rooftops to be equipped with solar PV by 2030.

Solar alliance first of many anticipated agreements and pledges over the coming two weeks in Paris, which could prove crucial in determining how the globe tackles climate change in the few years.

Following its comment in September that the International Energy Agency (IEA) is “holding back” global renewable expansion by consistently underestimating its supply potential, the Energy Watch Group (EWG) has now released graphics highlighting the shortfalls in the agency’s solar PV projections.