The pv magazine weekly news digest
India dominated much of the news this week, with an eye-opening report that solar power in the country will cost less than coal by the end of the decade. Prime Minister Narendra Modi also made solar a major topic at last week’s G20 meeting in Turkey. Brazil, meanwhile, approved 1.5 GW of new solar and wind power.
Despite rapid growth, yieldcos face money troubles
A new report by CohnReznick looks at the dramatic growth of yieldcos and the massive amount of cash they have raised, but also the difficulties that yieldcos are having due to depressed stock prices.
389 MW of solar comes online in Honduras in 2015 to date
This rapid pace makes Honduras the second-largest solar market in Latin America in 2015. Plants commissioned since the first of the year include one larger than 100 MW and another 61 MW.
Tongweis cell plans deserve caution despite ambitious downstream pipeline
Chinese PV aspirant Tongweis 5 GW PV cell facilities may take several years to realize, analysts caution, while its downstream ambitions in China could see significant capacity realized. Fab fit out likely to lead to orders from Chinese and non-Chinese production equipment vendors alike.
UK to phase out all coal plants by 2025
Energy Minister Amber Rudd delivers speech calling for an end to ‘outdated’ energy source, with natural gas and nuclear power to be ramped up to plug the power gap.
Enel marks push into renewables with Enel Green Energy repurchase
Italian utility Enel is moving towards the repurchase of renewable developer Enel Green Power (EGP). The move is the key part of Enel’s stepping up of its renewable activity, as CEO Francesco Starace looks to EGP becoming “one of the growth engines of the Enel Group.”
India: Solar to beat coal on cost by 10% in five years, says KPMG
Report by KPMG India finds that the levelized cost of solar power in India will be around 10% cheaper than coal by 2020, with PV penetration rates set to reach around 5.7%.
Brazil government approves 1.5 GW of new solar and wind power
Contracts granted by the government for the development of 930 MW of solar PV capacity and almost 550 MW of wind farms as part of a $1.7 billion push to upgrade the nations energy system.
IEA renewables forecast "inadequately low" includes "serious errors" says NGO
Energy Watch Group has criticized the International Energy Agency’s renewables predictions as containing “serious errors,” concluding that the forecasts are “inadequately low.” The international network of scientists and parliamentarians says that while leading analysts forecast annual installations for both wind and solar will grow by 10% through 2040, the IEA forecasts zero growth at best and 20 40% decreases in less optimistic scenarios.
The pv magazine weekly news digest
Amid new efficiency world records, surging growth for emerging solar markets and a bullish report from IHS predicting 272.4 GW of new capacity by 2019, naysayers and doom mongers are still making their voices heard.
