China needs 200 GW of solar by 2020, say industry groups
Country urged to double solar power goal in order to plug projected nuclear and hydropower shortfalls; currency devaluation could provide boon for solar exports but harm EU.
Vivint Solar Q2 profit hits $13.7 million
Second quarter financials for U.S. solar leasing company reveal installation increase of 78% year-over-year, driving a 146% increase in revenue.
Hanwha Q Cells announces 78.6 MW solar deals in India, Philippines
Korean solar firm will create joint venture with India’s Azure Power for creation of 50 MW solar plant in Andhra Pradesh, also announces involvement on 28.6 MW PV project in the Philippines.
Construction of world's first modular large-scale storage system begins
E.ON and SMA to lead on 5 MW modular battery system, funded by the German Federal Ministry for Economic Affairs and located at Aachen University in Germany.
Australia announces tame 2030 emissions reduction target of 26%
The goal, based on 2005 levels of carbon emissions, will be taken to the United Nations climate change meeting in Paris in December; climate campaigners call the target ‘pathetically low’.
Hawaii, Scotland present energy storage approaches for Australia
Energy storage is on course to see a boom similar to that in the solar market; Australia aims to tap this potential to facilitate the further roll out of renewables. A new study has identified key investment areas, and barriers, to storage implementation. An overview of the global storage market sees Hawaii and Scotland presenting viable approaches to implementation, although California and Germany are said to have the most “thorough” storage programs.
Ingeteam receives EUR 55M EIB grant for renewables R&D
The Spain-based inverter manufacturer will use the funds from the European Investment Bank to develop its research, development and innovation activities at the company’s Spanish facilities.
Indian solar to hit 75 GW by 2022, says report
Analysis by Institute for Energy Economics and Financial Analysis suggests the country will fall short of its ambitious goal of 100 GW by that date, despite $50 billion grid upgrade and raft of installations.
From the Mag: A selection of stories from the August issue
pv magazine’s August edition explores the state of Japan’s solar policy, examining whether future installation projections might well be accurate; we look at the growing trend of 1,500 V components at utility scale, and investigate the impact of solar+storage at remote mining sites.
SunPower targets $1.5bn solar expansion in Chile
California-based solar power company eyes 1 GW portfolio of solar farms in the country over the next five years as part of its strategic expansion into new emerging markets.
