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The International Renewable Energy Agency’s Remap 2030 program calls for renewable penetration to reach 45% by 2030, but can only do so if battery storage market enjoys equally prodigious expansion.

Kazakhstan’s first large-scale solar project has received financial backing totaling EUR 83.8 million (around US$93.5 million) from EBRD and CTF. The 50 MW PV plant is scheduled for completion this July. A second project is already in the planning for owner Samruk-Kazyna United Green LLP.

The Chinese inverter supplier to release series of high-efficiency string and central inverters at this week’s Intersolar Europe Exhibition in Munich, Germany.

Principal Solar Inc. is set to go public this week on the Nasdaq capital market. It is looking to raise up to US$26 million by selling up to 2.8 million shares. It plans to become the “world’s first distributed solar utility” and has identified targets, including SolarCity and TerraForm Power, which it could either partner with, or acquire. The U.S. solar company will also develop up to 500 MW of PV projects in Texas.

pv magazine’s June edition touches down in Israel to assess the solar mood on the ground, heads to a farm in Germany to inspect a latest technique in LED flashing, and examines how the mining industry is turning to PV in its many hours of need.

JA Solar Holdings Co Ltd has received a takeover bid from its chief executive officer and chairman for around US$489 million. Shares were up 12% following the news.

In separate announcements, U.S.-based SunEdison said it has won contracts for solar projects totaling 371 MW, while Germany’s juwi has begun construction on an 86 MW PV plant.

Canadian Solar Inc. has it secured US$53 million in project financing from Investec Bank plc for four solar PV plants totaling 40.2 MW in England. It also again mentioned the formation of a yieldco in the coming months.

Leaders of G7 countries back global greenhouse gas reductions by between 40-70% by 2050, with full decarbonization of global economy by end of century.

Chinese manufacturer Suntech has announced its intention to upgrade 1 GW of its module capacity to polycrystalline PERC output by the end of 2015. The resultant 72-cell modules will have a power output of 325 W, an increase of around 10 MW from its non-PERC, four busbar modules.