19% of Chile's electricity to be solar in 2050
Chile’s government roadmap calls for 41% of the nation’s electric demand to be covered with solar and wind, with nuclear phased out.
25 MW PV project planned for New Mexico
A 25 MW solar PV project is expected to come online next December in Luna County, New Mexico. The generated energy will be sold to Tri-State G&T under a 25 year PPA.
SMA to supply 24 MW Korean energy storage project
SMA Solar Technology AG has been contracted by South Korean utility, KEPCO, to supply 24 of its storage battery inverters and system technology to a 24 MW energy storage project. The delivery is scheduled for November.
Trade case: Taiwan investigates 7 solar manufacturers
Taiwans Ministry of Economic Affairs is reportedly investigating seven local solar manufacturers who have been labeling products made in China as coming from Taiwan, before shipping them to Europe. The companies were fined in July; shortly afterwards Taiwan issued a new export policy.
IHS increases 2015 PV forecast to 59 GW, 2016 to 65 GW
IHS Inc. has raised its global solar PV forecasts for the next two years, to 59 GW and 65 GW, respectively. The U.S. and China are leading the charge. In 2019, meanwhile, over 70 GW is expected to be installed.
5 MDBs pledge $170 billion in climate financing
Ahead of the 2015 United Nations Climate Change Conference, or COP21, five multilateral development banks (MDBs) have pledged to increase climate financing to US$170 billion over the next five years.
Yingli pays off majority of medium-term notes due today
Yingli Green Energy took a step towards restoring investor confidence this morning by paying off 70% of its medium-term notes due on October 13.
Online solar shoppers are choosing direct ownership over leases and PPAs
Online solar marketplace provider EnergySage has released its first report on a year’s worth of purchases, showing some notable divergences from national trends.
Welspun Renewables receives US$617 million in funding
The Indian developer is reporting a massive infusion of debt, equity and credit to fund its renewable energy business, but details are sparse.
GCL contracts Power China Beijing for 50 MW PV project
Yugan GCL has signed Power China Beijing up for EPC services for a 50 MW solar PV project in Chinas Jiangxi Province. The contract is worth US$69.6 million.
