100 MW Chinese solar project receives first loan issued by BRICS bank
The New Development Bank, a multilateral development bank established by the BRICS nations, has sanctioned its first loan agreement – $75.6 million financing for a 100 MW Chinese solar farm.
India to reach 57% renewable penetration by 2027, forecasts government
Bullish ten-year energy blueprint suggests India will surpass renewable targets outlined in Paris Agreement by more than 50% and three years ahead of schedule.
India: SECI’s 100 MW Andhra Pradesh solar auction shared by Azure Power and Adani
The Solar Energy Corporation of India’s 100 MW solar PV auction in the Indian state of Andhra Pradesh, issued under the domestic content requirement category, sees Adani and Azure Power win 50 MW each.
NextEnergy Capital acquires 16 MW Italian solar portfolio from Veronagest SpA
The London-headquartered renewable energy merchant bank signs share purchase agreement to acquire five Sicilian solar parks built by SunPower and developed by Italy’s Veronagest SpA.
Emerging markets deployed more GW of renewables than developed nations in 2015, finds BNEF
Latest Climatescope report by Bloomberg New Energy Finance finds that the 58 emerging market economies built 70 GW of clean power in 2015, compared to 59 GW among the 35 wealthiest OECD nations.
EU Commission recommends two-year extension of solar tariffs against China, MIP to be lowered
The proposed extension of trade measures on solar panels and cells imported into the EU from China would represent a severe blow to the sector, says SolarPower Europe. EU ProSun, however, welcomes the recommendation. Minimum Import Price to be reduced in 2017.
Arizona’s changes to net metering could curtail the state’s solar market
While the Arizona Corporation Commission decided to grandfather current solar customers for 20 years from the interconnection days, new customers will only receive 10 years — which will hurt both solar lessees, loan-holders and potential cash deals.
China: NEA adjusts PV goal to at least 105GW by 2020
China’s NEA has officially dropped the target to at least 105 GW by 2020, as well as setting goals for the PV industry and indicating that it will emphasize projects in Eastern China and the region around Beijing.
Azure Power completes first phase of 14 MW Delhi Metro solar installation
The Indian renewables developer has finished phase one of the rooftop project at the Delhi Metro Rail Corporation’s Sultanpur facility at a tariff of $0.083/kWh.
OPIC and MNRE launch $20m Indian clean energy fund
U.S. Overseas Private Investment Corporation partners with India’s Ministry for New and Renewable Energy to launch USICEF – a fund designed to spur wider public and private financing for renewable power generation in the country.
