Latin America’s solar power capacity additions jumped 370% in 2014, to 625 MW, according to a report by GTM Research, which forecasts another year of triple-digit growth for the region’s nascent PV market in 2015.
After a nearly two-year credit crunch, China’s capital markets appear to again be embracing the PV industry.
The two companies are exploring opportunities in additional states, such as Texas and Massachusetts. The growing trend in view of the fact that many potential buyers of rooftop solar systems lack well-suited properties for on-site PV arrays.
Pope Francis is set publish an encyclical on ecology and climate change this year with the aim of inspiring real action at the UN Climate Change Conference in Paris. The pontiff’s actions are defining the Vatican’s new role as a crusader for environmental protection.
The Enel Green Power project is the fourth that Soltec is developing in the Andean country, bringing its accumulated installed capacity to 170 MW in the South American market.
Global solar power capacity is due to increase from 93.7 GW in 2012 to 668.4 GW in 2025, according to a new report from Frost & Sullivan. Big price falls are weakening growth prospects for concentrated solar power, however.
German inverter giant to cut 1,600 jobs, the majority of which will be in Germany, as poor European market continues to harm profits.
The utility says the advantages of its select sites coupled with decreasing solar costs will allow for the cost-effective expansion of large-scale solar.
In addition to the PV installation, the Atacama 1 facility will include the first solar thermal plant in Latin America. The Spanish renewable energy group says the two technologies complement each other to supply energy 24 hours a day.
A proposed law introduced earlier this month in Georgia’s legislature would end the state’s current ban on third-party financing for on-site residential and commercial solar arrays.
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