Policy

The EU Commission, Council and Parliament have been in trialogue negotiations to broker a deal on the revised Renewable Energy Directive (REDII), the first version of which was adopted in 2009. By 3:30am this morning, a deal was finally brokered and legislative processes for official adoption are now just a formality

Two PV plants totaling 83 MW will be constructed by the Norwegian developer in the Cherkassy region.

Representations by big beasts of global PV win only a partial concession from the authorities in Beijing, with officials agreeing to honor FIT payments for any ground mount projects connected during the next three weeks.

Despite recent developments in China, the European solar association believes global newly installed PV capacity this year will reach 102 GW, only 5 GW lower than its previous guidance.

The failure of the tender depended on a series of factors, the most important of which was the clarification of policy around fiscal exemptions for solar self-consumption in the case of third-party investment.

With Palestinian developers keeping a low-profile since the advent of the Trump administration, Chinese government money is funding PV projects to support electricity supplies in the disputed nation’s crumbling infrastructure.

Residential solar installations have almost trebled in Ho Chi Minh City in the past nine months, in line with the Vietnamese government’s recently announced aim for solar arrays to be installed on 26% of the country’s homes by 2030.

Business minister Greg Clark admitted in parliament yesterday the Conservative government is considering plowing billions of pounds of taxpayers’ money into the proposed Wylfa Newydd nuclear project in north Wales.

The Chinese project developer expects quarterly revenue to be higher by up to $15 million, and solar module prices to drop significantly in the second half of the year.

The solar superpower’s departure from its ambitious PV targets has shaken the industry and put a dampener on share prices. Analysts from U.S. investment bank Roth Capital expect a module oversupply mountain of more than 30 GW as a result of the policy change.