Vietnam and Indonesia eyeing 10 GW of solar PV
The two Southeast Asian countries are each hoping to add 5 GW of PV by 2020, in an attempt to meet green energy targets and to stimulate fledging solar markets, with a number of developers already looking with interest in the region.
SMA and LG Chem unveil battery inverter solution
German inverter specialist and South Korean electrical giant have collaborated on new residential storage solution comprising Sunny Boy inverter and LG’s new RESU 10H and 7H batteries.
Greenko finalizes 587 MW SunEdison acquisition
Greenko Energy Holdings has completed the acquisition of 587 MW of SunEdisons solar and wind projects in India, in a deal worth approximately USD 392 million, which sees the company make its first major venture into the solar PV industry.
Restrictive net metering policy harming Indian rooftop solar, say analysts
Bridge to India survey finds wide disapproval of India’s net metering conditions among industry professionals, with long connection delays reported across the country.
Azure Power secures huge $470m financing deal for pre-IPO Indian solar projects
The Indian power developer has secured $309 million in project finance for its 450 MW utility-scale projects, as well as $161 million as part of its pre-IPO. Firm has now committed more than $1bn to Indian solar.
Breaking: China reduces solar installation target to 110 GW by 2020
China’s National Energy Administration (NEA) announced that the previous target of 150 GW of installed PV by 2020 will be cut by 20% to 110 GW, as it cools its solar industry that had been enjoying an unprecedented boom within the country.
India and UK leaders announce $12.4m solar R&D collaboration
Prime Ministers Narendra Modi and Theresa May announce the innovation drive at the India-UK Tech Summit held in New Delhi. Wider cooperation on renewables and smart cities expected.
Kong Sun, China Kangfu sign PV financing deal
The two companies have agreed to jointly fund and develop renewable-energy projects together in China.
UK's REA strengthens ties with India on decentralized energy
The Renewable Energy Association this week hosted six Indian MPs in London to discuss ways of accelerated the deployment of decentralized renewable energy in India.
The Paris Agreement on climate change comes into force
Almost a year after the historic COP21 summit, the Paris Agreement today entered into being as focus now switches from promises and pledges, to action.
