USDA to invest $63 million in rural renewables
The USDA will be investing $63 million in 264 projects across the U.S. The funding will support the Rural Energy for America Project.
SunPower targets $1.5bn solar expansion in Chile
California-based solar power company eyes 1 GW portfolio of solar farms in the country over the next five years as part of its strategic expansion into new emerging markets.
Tesla's storage solutions sell out
According to Tesla’s Q2 2015 earnings report, the company has reduced full-year delivery outlook for its vehicles, causing Tesla shares to fall yesterday. However, its storage solutions are seeing a surge in demand.
India: MNRE sees need for cost-effective storage
The Ministry of New and Renewable Energy (MNRE) in India has called for Expression of Interest (EOI) for energy storage demonstration projects to support renewable energy generation. MNRE has set up a capacity addition target of 175MW by 2022.
India: Yes Bank raises more than $49 million for renewable projects
Yes Bank has managed to raise INR315 crores (US$49.37 million) to finance green infrastructure projects like solar and wind power in India. Investor IFC has also officially drawn back investments into coal projects.
Stion places tool order to double capacity
American thin film producer Stion will double its production capacity from 60 MW to 120 MW, after placing a tool order with Korean supplier Avaco. The equipment supply deal is worth US$5.8 million and will see Avaco supply Stion with six thermal processing furnaces and two TCO deposition tools.
The pv magazine weekly news digest
Obama’s clean power plan angers the coal industry, Indian auction strikes another low solar price, further cost reductions are on the way, and SolarCity’s plans for world domination edge closer to reality.
Sunrun: Disappointment after initial NASDAQ debut high
The fourth largest solar installer in the U.S. Sunrun made its NASDAQ debut this week. The euphoria of going public fizzled when the company’s stock prices started tumbling.
ET Solar moves into the Turkish PV market
ET Solar has entered Turkey’s PV market with its new Turkish arm ET Solutions Istanbul. The company has already bagged two 1.1MW projects.
India: Welspun to develop 8.7 GW of solar on back of strong investment
Of its 11 GW renewables target, Welspun Renewables has said it will develop 8.66 GW of solar PV in India. Investment in the country is said to be strong, with Welspun expecting a “substantial inflow” of capital.
