Indian industry heads talk solar finance at REI
Leading figures in the Indian solar landscape debated at REI the funding and growth challenges facing the country’s market, need for continued foreign capital evident.
Indian industry heads talk solar finance at REI
Leading figures in the Indian solar landscape debated at REI the funding and growth challenges facing the country’s market, need for continued foreign capital evident.
Australia: ARENA awards 482 MW of large scale projects grants
Australia’s large scale solar installed capacity is set to triple in 2017. The Australian Renewable Energy Agency (ARENA) has awarded 12 PV power plant projects, worth 482 MW, grant funding under its program to stimulate the market segment. It was announced today in Syndey that AU$91.7 million ($71 million) in grants will be provided to projects worth around AU$1.06 billion ($820 million).
Jinko exits EU price undertaking
Chinese PV manufacturer JinkoSolar has announced its withdrawal from the EU price undertaking, adding pressure on the EU to revise or abolish the scheme, in the face of disapproval from the European solar market and a number of high-profile Chinese companies leaving the agreement.
Egypt agrees to international arbitration for PV projects but slashes FITs
Egypts Minister of Electricity and Renewable Energy announced an updated phase for its feed-in tariff (FIT) scheme, putting an end to the dispute over the location of the arbitration seat, but also dramatically reducing the FIT rate for PV projects to $8.4 cents and 7.8 cents/kWh, putting into question the viability of the previously proposed projects.
D.E. Shaw, Madison Dearborn agree not to block the sale of SunEdison assets
The agreement removes a key hurdle to the carving up of SunEdisons empire.
Philae’s comet location revealed while Rosetta’s PV prepares for last adventure
The European Space Agency (ESA) has tracked down Philae, Rosetta’s spacecraft probe, resting in a dark crack on Comet 67P. The news bears great scientific significance for ESA as well as a certain emotional value for PV fans who have watched the Rosetta mission being entirely powered by the sun for about twelve years.
Silicor nears completion of financing for USD1bn Iceland facility
U.S. solar silicon manufacturer Silicor Materials is just USD150 million away from completing financing for the company’s first commercial-scale site to produce solar silicon using its unique production process.
The pv magazine weekly news digest
More storage movement as RWE moves to acquire Belectric and Enphase launches its AC battery in Australia and New Zealand. SolarCity-Tesla and GCL-SunEdison also make the news turn this week.
SolarCity value miscalculated by $400 million in Tesla merger
A Securities and Exchange Commission (SEC) filing by Tesla on Wednesday revealed that the investment bank that advised SolarCity on its sale to Tesla, Lazard Ltd, double-counted some of the companys projected indebtedness, resulting in a $400 million undervaluation.
