German PV equipment manufacturers see orders triple
German solar PV equipment manufacturers are experiencing an uptick in demand, compared to the beginning of the year, with turnovers increasing 52%, says German Engineering Federation, VDMA. Asian competition is said to be intensifying, however.
US: ITC extension will support steady solar growth, finds BNEF, SEIA report
Independent analysis of the impact of the Investment Tax Credit on the U.S. solar industry, commissioned by the SEIA, finds 22 GW of additional solar capacity will be added if 30% ITC extended to 2022.
UK solar cuts will cost country in the long run, says REA
Savings made under the government’s proposed budget cap should the FIT be cut by the proposed rate will be less than monies lost in tax and national insurance revenue as 15,000 jobs are lost, finds REA.
Clouds on the horizon as Solar Power International opens in Southern California
The largest solar trade show in the United States began with a lot of energy and enthusiasm, but also warnings of the pending crash if the ITC is not extended.
Modest PV market growth to come in SPV Market Researchs latest forecast
While stellar growth may have been a feature of the global solar market in years past, a mix of international and domestic factors are likely to deliver a modestly-growing solar market in the future, according to SPV Market Researchs product and market five-year forecast.
Trina to spin-off downstream business
Trina Solar Limited is planning to spin-off its downstream solar PV project business as early as next year, said CFO, Teresa Tan. A “growthco” model is likely to be adopted, rather than a yieldco. Criticism has been aimed at the plan, due to Trinas focus on China.
What the new PM could mean for solar Down Under
Australia has its fifth Prime Minister in as many years, with the ruling Liberal Party having voted for 54-44 for Communications Minister Malcolm Turnbull to replace Tony Abbott as party leader. Turnbull has previously led the Liberal Party in opposition and is a supporter of strong action on climate change. The Liberals form government in coalition with the National Party.
Dubai opens 800 MW PV tender, commissioning set for 2018
Dubai has officially opened its third solar PV tender. The 800 MW will be added to the Mohammed bin Rashid Al Maktoum Solar Park, which is aiming to reach 3 GW by 2030. Commissioning of the 800 MW is expected to begin in 2018.
India: Andhra Pradesh 500 MW PV tender oversubscribed 10-fold
The National Solar Missions (NSMs) tender for 500 MW of solar PV to be installed in Andhra Pradesh has been oversubscribed tenfold, with 30 developers submitting bids totaling 5.5 GW. A second round of online bids is now set to take place.
California calls for 50% renewables in electricity by 2030
Late on Friday, the California Assembly passed a bill to raise the state’s renewable portfolio standard to 50% by 2030, the second-most ambitious mandate in the nation.
