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In a new report, Friends of the Earth (FOE) calculates that switching to 100% renewable energy in Africa, Latin America and most of Asia by 2030 would cost US$5.15 trillion – equivalent to the amount held by the world’s 782 wealthiest people. It concludes the financing for transforming the energy landscape exists, but that the political will is “shockingly” absent. Solar, meanwhile, is envisaged as playing a key role.

Apple Inc. is investing around 40% of the RMB 659 million required to install 170 MW worth of solar PV plants in Inner Mongolia. SunPower and Zhonghuan Semiconductor are providing the remaining funds.

Yieldco drop-down seen as strategic move designed to boost the U.S. company’s flagging balance sheet; move unlikely to trigger wholesale withdrawal from the growing Indian market.

This large purchase by the third-largest U.S. residential installer shows diversification away from REC Solar, its main supplier for the last two years.

Google is the first company to participate in a Duke program from 2013 allowing companies to source their power from renewables.

The Australian Greens have published a plan to see the country move to 90% renewable energy by 2030. The plan envisages two scenarios by which the goal can be achieved, with the second anticipating an increase of rooftop PV from 5,884 GWh of production today, to 39,700 GWh by 2030.

Troubled Chinese manufacturers China Sunergy has released its delayed Q2 2015 results, in which its shipments fell as it reduces OEM production. The company reported a loss for the quarter of US$10.5 million, down from $12.2 million in Q1 2015.

New renewables investment in 2014 in 55 developing world nations reached US$126 billion, finds a new report, over half of which went to emerging markets. The increase was recorded, despite a general slowing in economic growth. Declining clean energy costs, particularly for solar, are driving growth. Solar is also benefitting from high power prices and favorable irradiance.

The U.S., Japan and South Korea are the leading energy storage markets worldwide, says IHS, with each forecast to exceed 100 MW of annual installations this year. Between 2015 – 16, they are set to install 1.4 GW of new capacity. Large-scale system costs, meanwhile, are expected to fall significantly by 2019, which will spur global growth.

China’s Trina Solar has racked up a record 1.7 GW solar module shipment record in Q3 2015, however a US$45 million settlement with Solyndra trustees has plunged the manufacturer into a $20 million loss for the quarter.