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.
Bosch exits PV with thin film closure
Marking its exit from the PV industry, Bosch has announced it will close thin film PV development site, Bosch Solar CISTech GmbH, having failed to find a suitable investor. An exact date for the closure has not been given. 180 employees will be affected.
Canadian Solar to build 47 MW PV plant in Japan
Canadian Solar Inc. has signed an agreement with Mashiki Town and Kumamoto Prefecture to build a 47 MW solar PV plant. It is scheduled for completion in 2017.
SolarMax producing PV inverters again
The SolarMax Group has begun production of its solar PV inverters once again, having transferred operations from Switzerland to Germany. Expansion is on the cards.
Construction on 7 MW Ohio energy storage facility slated for mid-October
Construction on a 7 MW solar energy storage facility in Ohio is scheduled to begin this month, with completion expected next February. It will be tied to a PV plant, which will be online by the end of the year. The decision to add storage was made following the introduction of a bill, which saw negative changes to Solar Renewable Energy Credit (SREC) requirements.
