Kyocera Applied Ceramics division hit by declining Japanese demand
Profits from the Kyocera business unit that includes its solar operations have slumped more than 50% in Q2, as a result of softening demand from the Japanese market. The company booked revenues of JPY45.6 billion ($440 million) in Q2 2016 from Applied Ceramics, a decrease of 13.2% QoQ.
Brazil delays its sole 2016 solar auction until December
The solar auction first planned for July has been officially cancelled and the auction planned for October has been delayed until December 16.
Georgia Power agrees to 1600 MW of renewable energy, including 150 MW of distributed generation
Projects approved are expected to mostly be solar PV, and the deal will include a 3 MW pilot community solar program.
New fund targets over 1 GW of Australian renewable projects
Australian investment manager QIC has launched an AU$2 – 3 billion fund ($1.5 – $2.24 billion), through which it plans to acquire or develop more than 1 GW of large scale renewable assets. The Power Australian Renewables Fund (PARF) is the result of a partnership between QIC and utility AGL Energy Limited (AGL).
Washington D.C. raises renewable energy mandate to 50% by 2032 with 5% solar carve-out
The nations capital now has the fifth-most-aggressive RPS policy in the nation. As part of the new program the city plans to install solar PV on 100,000 homes where low-income families live.
CEFC increases investments 73% YoY, steps up participation in new green capital products
Australia’s Clean Energy Finance Corporation (CEFC) has strengthened its role in creating new clean energy capital products. Increasing its annual investment figure to AU$837 million in the Australian financial year 2015-16, which is drawing to a close, the cleantech investment body increased its spend by 73% YoY.
Argentina to hold 1 GW renewable energy auction in October
Definitive rules for the auction have been published, along with a new timetable. Bids will be selected in October. The quota for 300 MW of PV projects has been maintained.
TerraForm adopts shareholder rights plan as Brookfield & Appaloosa attempt takeover
The yieldco’s “poison pill” was created to prevent sale of more than 15% of the company’s class A stock and to keep bidders from blocking the sale of the company.
Portugal processes licenses for 2 GW of solar PV without subsidies
180 MW of solar projects have been authorized under the market system in the south of the nation. Additionally, 68 licenses for solar projects are being processed, which total more than 2 GW of potential.
SunEdison prepares to sell TerraForm Global
The bankrupt renewable energy developer appears to be fishing for bidders for TerraForm Global, as many investors seem to prefer buying pieces instead of the whole SunEdison empire.
