India: NTPC greenlights 510 MW solar power investment
Board of the state-owned utility clears investment funding for two solar power projects, including 260 MW project in Rajasthan and 250 MW project in Madhya Pradesh. Investment total to reach $467 million.
UK: supporting renewables over controversial Hinkley nuclear plant could save billions, finds report
Study by thinktank the Intergenerational Foundation projects savings of GBP 40 billion over the next 35 years if money earmarked for Hinkley Point nuclear station was instead steered towards solar power.
MENA region could save $750bn if renewable targets met, says IRENA chief
IRENA director general Adnan Amin believes the Middle East and North African power sectors could enjoy a net benefit of $750 billion if countries in the region are able to hit their 2030 renewable energy targets.
TerraForm Global is suing its parent company SunEdison over India Projects
In the lawsuit, filed with the Securities and Exchange Commission (SEC), TerraForm Global alleges that SunEdison misappropriated $231 million of the companys cash to avoid defaulting on a loan.
India: SunEdison seeking buyer for 1 GW of solar projects, ministry eyes $500m AIIB loan
Troubled clean energy developer hopes to offload close to 1 GW of unfinished solar projects worth around $1.1 billion as it seeks to ease debt burden amid talk of impending bankruptcy.
Toshiba to install PV hydrogen system at train station in Japan
Toschiba Corp. will equip a train station in Japanese Kawasaki with an off-grid PV hydrogen system. This system can keep the station powered even in case of an earthquake.
Yingli reaches $7.5m lawsuit settlement deal with Solyndra
Anti-trust Litigation settled in lawsuit brought by the now-defunct Solyndra back in 2012; deal sees Solyndra agree to release Yingli and its affiliates from similar allegations or claims in the future.
MTN South Africa includes SunStream solar charger in new bundle
Impact resistant, waterproof and submersible, almost as fast as a standard wall plug – World Panels SunStream solar charger is now available for South African mobile phone users.
Solar takes center stage at BNEF Future of Energy Summit
BNEF predicts that 3.43 TW of solar to be deployed globally over the net 15 years. The role of finance and electric vehicles were among the other big topics.
Hanergy Thin Film losses for 2015 hit $1.6bn
Troubled Chinese solar company Hanergy sees losses for the last calendar year soar to $1.6 billion amid growing possibility that the company may not be able to continue as an ongoing concern.
