The industry body formerly known as EPIA had irked the German solar company with its opposition to EU trade duties, something SolarWorld had long lobbied for.
Analysts say a massive 32 GW pipeline of utility-scale solar is under development in the U.S., with developers aiming to finish their projects by the end of 2016, when the Federal energy investment tax credit (ITC) expires. Almost half of this is set to be installed in leading solar state, California.
In another positive announcement for the U.S., a record 1.3 GW of solar PV has been installed in Q1. The residential sector boosted growth, installing more capacity than natural gas, thus highlighting the significance of its future role in the electricity market. Overall, solar accounted for 51% of all new energy generation brought online.
The 102 MW Nyngan Solar Plant in Australia has become fully operational. The installation of the plant, which is now Australias largest, has been completed, with the array now connected to the grid and final testing currently being carried out.
An 18% increase in shipments helped swell the Chinese inverter market to 13.3 GW, but revenues dropped 6% on the back of significant price declines, say the analysts.
The 8.1 MW Tower Hill Solar Park in south England has taken the South Korean company’s U.K. PV portfolio to 53 MW. Project completed under ROC grace period.
Last year was said to be a benchmark for renewable energy, with renewables producing more power in Europe than nuclear for the first time. In yet another glittering solar industry report, SolarPower Europe further calculates cumulative solar capacity could reach 540 GW, globally, by 2020, with a record 40 GW installed in 2014. China is set to “frame global growth.”
The International Renewable Energy Agency’s Remap 2030 program calls for renewable penetration to reach 45% by 2030, but can only do so if battery storage market enjoys equally prodigious expansion.
Kazakhstans first large-scale solar project has received financial backing totaling EUR 83.8 million (around US$93.5 million) from EBRD and CTF. The 50 MW PV plant is scheduled for completion this July. A second project is already in the planning for owner Samruk-Kazyna United Green LLP.
The Chinese inverter supplier to release series of high-efficiency string and central inverters at this week’s Intersolar Europe Exhibition in Munich, Germany.
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