Markets & Policy

The nation of India surpassed 4 GW of grid-tied solar during July, according to the latest government statistics. 358 MW was installed in the first four months of the current fiscal year alone.

This is the company’s first securitization, but is part of a trend of securitization of PACE bonds as a means to drive down the cost of capital.

GTM Research’s latest numbers indicate a strong second quarter for all grid-tied energy storage market segments, with record deployment behind-the-meter. However, the best is yet to come.

Ernest Moniz says the Obama administration backs Democrats’ calls for an extension of the Federal ITC; stresses the solar industry can grow without further subsidy but states time is running out to offer appropriate support.

Italian developer will invest $600 million in development of 553 MW of new solar PV capacity awarded under Brazil’s latest solar tender.

Chinese solar firm reports revenue for first six months of the year of $44 million, but profits decrease 26% to $40 million compared to the same period in 2014.

Engineering consultancy group signs MoU to purchase large stake in German solar service provider for sum of around $3.4 million; has option for further 10% stake at future date.

Germany’s E.ON has announced that it is continuing to expand its U.S. and German PV power plant business. E.ON will develop a 20 MW project in Kern Country, California, after having completed a 2.1 MW plant near Neubrandenburg, in Germany’s northeast, earlier this year.

South Korean solar firm secures two large-scale solar farms in the U.K.; agrees 15-year power purchase agreement with EDF Energy.

GTM Research senior solar analyst Mohit Anand says that international suppliers such as JA Solar and Trina are gaining confidence in India’s home solar market.