IEA ups renewable forecast 13%, hails "impressive progress" of PV manufacturers
The International Energy Agency (IEA) has increased its mid-term renewable forecast by 13%. Largely on the back of key policy developments in the U.S., India, China and Mexico, the agency has pointed to wind and solar PVs central role as increasingly “affordable solutions” in the fight against climate change and air pollution.
Tesla gigafactory to combine Silevo, Panasonic HIT solar technologies
Panasonic will operate the Buffalo “gigafactory”, and sell modules to Tesla/SolarCity.
SMA lowers financial forecast for 2016
German inverter manufacturer, SMA Solar Technology, has been forced to reduce its financial outlook for 2016, making it the second German solar industry manufacturer to announce forecast reductions today, after SolarWorld made a similar announcement.
Neo Solar Power raises $120 million via bond offering
The Taiwanese companys third placement of credit-enhanced zero coupon convertible bonds (ECBs) earlier this week was twice-oversubscribed.
Turkey to launch 1 GW tender
Turkey will tender for up to 1 GW of PV to be developed in the central region of Konya. Turkish press is reporting that the tender will be for a 1 GW array, titled the Karapinar solar project, and that a 2,000 hectare site has been selected for development.
The pv magazine weekly news digest
Its been a week of broken records and big investments for the global solar industry. The Indian market still looks unstoppable, while Tesla continue to make big moves in the U.S. industry, despite not yet knowing if and when their acquisition of SolarCity will be completed.
Stunning price falls could spark another gold rush for US solar PV market
A Deutsche Bank report has predicted “sharp declines” in US solar module and inverter prices that it says could drive payback periods down to less than five years and spark a “final ‘gold rush'” in the American residential, commercial and industrial markets, starting in 2017.
Swinerton, D.E. Shaw complete the largest solar plant in the Midwest
Xcel Energy will buy power from the 100 MW-AC North Star Solar facility in Minnesota.
India's rooftop PV capacity passes 1GW: report
The country has built 513 MW of additional rooftop capacity over the past 12 months, bringing cumulative installations to 1.02GW, according to research firm Bridge to India.
Indian government to invest $3.1bn in 5GW of PV production: report
New Delhi will soon unveil plans to provide 210 billion rupees ($3.1 billion) to ramp up domestic output of solar panels, Bloomberg reports, citing officials close to the matter.
