Indian government makes surprising u-turn on electric vehicle policy
Minister for road transport, Nitin Gadkari drops plans to introduce national policy to support growth of electric vehicles in surprising reversal on earlier ambitions.
EDF 2017 financials squeezed as utility accelerates transition from nuclear to renewables
Despite hitting annual sales targets, revenue slips following fall in nuclear and hydropower prices in French utility’s key markets. New Solar Plan forms backdrop of renewable energy transition, company says.
Chinese companies lead global solar developer rankings
State Power Investment Corporation (SPIC) and GCL New Energy have taken the top spots for installed capacity, but Canadian Solar and First Solar are showing impressive pipelines.
Spain’s Balearic Islands proposes ambitious 100% renewable energy law
Blasting the Spanish Government for its lack of renewables action, the Balearic Government has today issued an ambitious Climate Change Law designed to kick start a renewable energy transition on the four islands of Mallorca, Menorca, Ibiza and Formentera. Overall, it aims to cover 100% of energy demand with renewables by 2050. 230 MW of solar PV are alerady in the pipeline.
SunPower continues to bleed red ink
Due largely to write downs, the high-efficiency PV maker lost a whopping $750 million during Q4 2017, as it sells off assets.
Global storage growth of 4.6% in 2017 reflects patchy state of sector, finds BNEF
Despite hitting a record 1.17 GW of new grid-scale storage capacity in 2017, growth was a mere 4.6% on 2016 having surged 61% the year prior. Industry’s reliance on policy support means foundations for growth remain uneven, report finds. Average costs, however, fell by 24% last year.
Japan to install up to 7 GW in 2018 despite cancellation of 14.6 GW of approved capacity — report
Japan will likely install 6 GW to 7.5 GW (DC) of solar in 2018, from about 7 GW in 2017, despite government efforts to cancel approvals for projects that were registered under the country’s old feed-in tariff (FIT) program, according to a new report.
AECEA: Solar to overtake wind in China
A new report from the Asia Europe Clean Energy Associates (AECEA) expects solar to overtake wind energy in 2018 as China’s third largest source of power generation. AECEA is calling 2018 a ‘transition year’ for PV in China, as new regulations reshape the market, which is still expected to reach 250 GW installed capacity by the end of 2020.
Cleantech Solar awarded 27 MW of rooftop solar across three Asian countries
The leading solutions provider for corporate customers in Asia has inked long-term PPAs with three different firms, effectively augmenting its current portfolio that has been expanding since last November.
All metrics point upwards as SolarEdge posts strong 2017 financials
The Israel-headquartered producer of power optimizers and inverters enjoyed a record year in 2017, increasing revenue by 24% to US$607 million and shipping more than 2.5 GW of inverters worldwide.
