China's solar capacity to reach 10 GW in 2013
Total grid-connected solar capacity in China is set to triple to 10 GW by the end of the year. The country installed nearly 36 GW of new and renewable energy capacity in the first 10 months of 2013.
UK publishes revamped subsidy levels for renewables
The Solar Trade Association applauded the move but took issue with some aspects of the country’s new Electricity Market Reform, adding that developers may continue to rely on the existing Renewables Obligation scheme until 2017.
Quercus to fund 254 MW of PV projects for UK
The asset management company will team up with engineering firm Progressum to deliver 21 PV plants in central-southern England in a deal worth an estimated $490 million.
Hitachi to introduce 1 MW storage system
The company is aiming to meet growing demand for energy storage and stabilization solutions as power grids face increasing challenges in coping with ever more renewable energy. Tests are to start in the U.S. early next year.
Solar expected to be cost-competitive with natural gas by 2025
Lux Research predicts that far from being outshone by cheap natural gas, solar power will actually benefit from increased gas penetration and achieve cost parity by 2025.
US solar stocks surge on brighter prospects for financing
SolarCity’s innovative bond offering, SunEdison’s consideration of spinning off key assets into yieldcos and SunPower’s geographically diversified portfolio are piquing the interest of market watchers.
Soft costs account for most of PV residential installation costs
A report by the National Renewable Energy Laboratory discovered that non-hardware costs account for up to 64% of the total cost of residential rooftop solar systems.
SunEdison secures $100 million for sale-leaseback fund
Financing partner De Lage Landen has agreed to a further investment in the fund, which SunEdison hopes will create new markets by attracting more customers.
ReneSola, SunEnergy1 close 2013 with 63 MW of projects in North Carolina
ReneSola and SunEnergy1 began their collaboration in 2013 and the partnership has resulted in 63 MW of PV installations in the U.S. state of North Carolina.
UK renewable energy industry calls for government support
PV and other renewables lobbyists have called on UK chancellor George Osborne to dismiss the political uncertainty surrounding the industry. But Osborne has a track record in promoting his favored “dash for gas.”
