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Deloitte says millennials are driving solar expansion

According to Deloitte’s annual “Resources 2017 Study – Energy Management: Sustainability & Progress,” grid parity, driven by technological advances and plunging prices, has allowed consumers and businesses to choose clean energy over more traditional fossil-fuel options, with increasing solar use being most consumers’ top priority.

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NextEnergy Solar Fund heralds arrival of subsidy-free UK solar

Amid falling costs across the industry, Guernsey-based investment company NextEnergy Solar Fund is planning to develop four solar plants totaling 59.8 MW without the U.K. government’s financial backing.

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Yingli suffers Q1 revenue and shipment slump

The tier-1 Chinese solar company could only post $180m in revenue for the first quarter of the year, while module shipments of 370 MW were almost half the number shipped in Q4 2016. Cash position remains precarious despite staunching of heavy losses suffered last year.

Russia allocates 520 MW of PV capacity in 2017 renewable energy auction

The auction was open to solar, wind and hydropower. Projects selected in the tender must be commissioned between 2018 and 2022.

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Nagorno-Karabakh wants to go solar

The government of the disputed region in South Caucasus, which is officially known as the Republic of Artsakh, announced it will conduct a study to assess its solar potential.

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German cabinet issues decree for cross-border wind/solar auctions

Around 300 MW of PV and wind power plants will be selected in the future cross-border auctions, in which German developers will have to deal with competitors from other EU neighbor countries. In the pilot cross-border solar auction held last year, all selected projects were located in Denmark.

Brazil needs to improve grid in Minas Gerais to make space for solar

Brazil’s energy agency EPE has released a new study that recommends the improvement of the transmission system of the northern and north-western areas of the state of Minas Gerais, which is expected to host a considerable portion of the solar projects selected in the country’s auctions held in the past years.

Azure Power commissions 100 MW solar farm in India’s Andhra Pradesh

India’s largest independent solar power company has switched on another large-scale project in the state of Andhra Pradesh.

EDF announces financial close for phase III of Dubai’s 1 GW solar plant

An undisclosed sum was provided by seven different lenders for the 800 MW third phase of the giant solar park.

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EBRD and CTF provide $ 44.5 million for solar park in Kazakhstan

The 50 MW Burnoye Solar-2 project will require a total investment of approximately $80 million and will be located in the southern region of Zhambyl.

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