RenewSys India places 100 MW cell line order, eyes 500 MW fab capacity
Renewable energy arm of the Enpee Group confirms it has placed an order with a reputed European manufacturer for a 100 MW solar cell line to be shipped in Q2; company intends repeat order in Q3.
Clean Power Finance completes merger with Kilowatt Financial
The new company has re-branded as Spruce Finance, and has raised US$175 million in funding to deploy residential PV in 2016.
Brazil doubles solar targets for utility-scale and distributed generation
A new plan by the government of Brazil includes 2024 targets for 7 GW of utility-scale solar and 1.32 GW of distributed PV installations, double the goals in the previous plan for 2023.
2015: The year in solar
With an international agreement in Paris on emissions reductions inspiring ambitious renewable energy goals, an extension of the U.S. Investment Tax Credit (ITC) and record low prices for installed PV, 2015 was a positive year for the global solar industry.
United PV receives $1.5bn in financing, finds Hareon in contract breach
United Photovoltaics Group Limited has received up to US$1.5 billion from CITIC Financial Leasing Co., Ltd for the development of solar PV plants in China. In other news, Hareon has reportedly breached a contract with the Hong-Kong company, worth $64.5 million.
Orix, Sharp bring 45 MW solar project online in Japan
Orix Corporation and Sharp Corporation have completed a 45.6 MWdc solar PV project in Japan.
PERC: Gintech achieves 21.44% efficiency; demand to continue
Kicking off 2016s PERC news, Taiwan-based Gintech Energy Corporation has achieved a solar PV cell efficiency of 21.44% using its PERC technology, thus ranking it number three in terms of global monocrystalline PERC efficiencies, behind Trina and SolarWorld. Predictions are PERC demand will continue well into 2016.
Sonnedix acquires 23.6 MW solar portfolio in France
Sonnedix has acquired SunEdisons 23.6 MW AES Solaire France portfolio. The purchase takes the IPPs installed solar asset base to over 150 MW.
Canadian Solar's Recurrent Energy closes financing for 75 MW PV project
Subsidiary of the Chinese solar firm finalizes tax equity investment commitment and $180 million debt facility for development of 75 MW Astoria 2 solar farm in California.
Analysis: More needed from Indian government to fulfill 40 GW rooftop solar ambitions
While the Indian Governments recent announcement of a significant funding boost for rooftop solar PV projects has been welcomed, experts say a lot more needs to be done, financially and in terms of policy and regulations, to drive installed capacity up from just 525 MW today, to 40 GW by 2020. Despite this, the sector is expected to see CAGRs of up to 70% in the next five years.
