Largest Austrian state now 100% renewable
Lower Austria, home to 1.65 million people, is now sourcing all of its energy from renewable sources, led by hydroelectric but with wind, solar and biomass playing their part, officials say.
Worlds eight major economies to double renewable energy capacity by 2030, WRI finds
Study by the World Resources Institute finds that eight of the ten economies that lead the way in global emissions will double their use of renewable energy by 2030.
REC posts record Q3 revenue of $234 million, delivers global market outlook
Third quarter revenue is 39% increase on Q2, with U.S. market comprising 60% of sales over that period; module supply agreement for Thailand rises to 34 MW.
German storage subsidy program to expire in 2016
Despite the recommendation of Germanys scientific advisory, the Federal Ministry of Economics will wind up the KfW-storage subsidy program, for battery storage coupled with small PV arrays, at the end of this year. The Federal Ministry of Economics confirmed this news to pv magazine today. The German Parliamentary Economic Committee was informed by the Ministry this week that all of the targets associated with the program have been achieved.
The pv magazine weekly news digest
Solar’s continued price decline caught the headlines for various reasons: In India’s Andhra Pradesht the winning tender was so cheap verging on ‘unattractive’, in the U.S. Enphase was forced to slash costs to stay competitive, and in Chile solar was confirmed as cheaper than fossil fuels.
More than 130,000 petitions to preserve net metering delivered in California
A coalition of environmental, faith, business, consumer and labor organizations have joined solar advocates to deliver a record number of petitions to California regulators in support of the policy.
Solarcity lawsuit against Arizona utility to go forward
SolarCity is seeking an injunction against Salt River Project for fees and changes to compensation for PV system owners, which it says has destroyed the solar market in SRP’s service territory.
Oil giant BP forecasts larger role for solar+storage in energy future
Despite ‘abundant’ oil and gas resources and increasingly sophisticated extraction methods, pressure to reduce carbon emissions, coupled with falling component costs, will see solar+storage play greater role in energy mix.
Chile: Solar cheaper than fossil fuels
Solar and wind energy are lower cost than fossil fuels in Chile, reports Deutsche Bank, with solar the cheapest source of electricity generation. While over 1 GW of solar is set to be installed this year, there are still significant hurdles to overcome, meaning the market could slow to just half that in 2016.
Enphase cuts prices by 19% to alleviate weak Q3 sales growth
U.S. microinverter company reduces Q4 guidance significantly on back of tough third quarter; cuts component prices by 19% in face of increased price competition from rivals.
