Australia: PV to win in major political shift
The Australian solar industry has welcomed the announcement today by businessman turned politician Clive Palmer that he will support the Renewable Energy Target (RET). The votes of Mr Palmers political party to maintain the RET, the Clean Energy Finance Corporation (CEFC) and the Climate Change Commission is likely to reinvigorate the large scale PV sector and maintain support for residential and commercial PV.
STA: Britain breaks solar production record
The UKs Solar Trade Association (STA) believes that over last weekend solar PV broke electricity production records in the country. With Midsummer occurring over the weekend, on Saturday, the STA estimates that solars production contribution in the country peaked at 7.8% of daytime electricity.
Germany's renewable energy legislation reform slammed
The peak body representing Germany’s renewable energy industry, the Bundesverband Erneuerbare Energie (BEE), has slammed the “reboot” of the EEG the legislation underpinning renewable energy development in the country. The BEE says that mandatory direct marketing of renewable energy, or through sales on the wholesale market or to brokers, will significantly increase the costs imposed on the sector.
In detail: EEG draft changes
The government parties have come to an agreement on the EEG reform. The policy makes everything more complicated.
Australians continue to support the RET
A new survey shows that Australians continue to support renewable energy and the mandatory Renewable Energy Target (RET). On the back of the news, two NGO have launched a campaign to pressure the government to maintain the RET the mechanism under which the countrys deployment of solar largely depends.
US: Mosaic launches #PutSolarOnIt day
Solar crowdfunder Mosaic is encouraging Americans to nominate community buildings on which they would like to see solar installed, on its #PutSolarOnIt national day of action today.
BNEF head may run for mayor of London
Michael Liebreich, the founder and Advisory Board Chair at Bloomberg New Energy Finance (BNEF) may run to be the next mayor of London. Bookmakers have Liebreich ahead more established politicians.
Italian PV industry threatened by retroactive FIT cuts
Proposed cuts to Italy’s PV feed-in tariff program could leave solar investors with significantly less return than orginally guaranteed.
Yingli Green lowers Q1 losses by more than half
Yingli Green Energy has reported losses of $55 million in the first quarter of 2014 after ending 2013 with a final quarter net loss of $128 million.
SunEdison acquires 50% stake in Silver Ridge Power
California’s SunEdison will partner with Riverstone Holdings LLC on the ownership of Silver Ridge Power, which operates a number of large-scale PV plants in the U.S.
