In what is a microcosm of the environment facing photovoltaics in many parts of the world, in the UK innovative installations have been going up, while a new report has been produced critical of the countrys renewable energy goals.
Uncertainty in the UKs solar industry may be reduced today as the Governments appeal against a High Court ruling that its feed-in tariff (FIT) cut was illegal is heard. The High Courts initial ruling was made in response to a case brought before it by the environmental NGO Friends of the Earth and a coalition of solar companies.
Earlier this week, Ontarios Premier Dalton McGuinty ordered a review of the provinces feed-in tariff (FIT) program. Canadas Solar Industry Association (CanSIA) said that it wants clear rules as to what to expect from the program in the future.
In one of the largest non-recourse credit facilities issued for photovoltaic projects, Deutsche Bank and Rabobank will provide a USD300 million facility to SunEdison for projects in the U.S. and Canada.
On the final closing of a Department of Energy (DOE) loan guarantee for the project, SunPower will sell to NRG Energy the California Solar Ranch. Construction on the project began last month and is expected to be completed in two years.
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