GCL signs PV supply deals for 370 MW in China
Hong Kong-listed PV developer GCL New Energy has agreed to sell 320 MW of solar panels to China Resources Leasing for CNY 148.5 million ($21.5 million), as part of supply arrangements for the first 40 MW phase of a planned PV array in Zhanjiang, in China’s Guangdong province.
Africa: solar power and Indian bilateral trade key routes to prosperity, says AfDB president
African Development Bank President Akinwumi Adesina tells the media ahead of the bank’s Annual Meetings forum that Africa-India bilateral trade will reach $100bn by 2018, with solar power playing a prominent role in closer cooperation and boosting economic opportunities.
India hikes solar cell and module tax rate to 18%
The increased Goods and Services Tax rate for solar cells and modules is in part a response to the technology’s ability to “stand on its own two feet”, says energy minister.
Itochu launches residential lithium-ion battery in Japan
The Japanese trading firm has started selling its new Smart Star L lithium-ion storage battery system for the Japanese residential PV market. It has designed the system in cooperation with Yokohama-based manufacturer NF Corp.
Cypark to develop 14.5 MW in Malaysia
Engineering firm Cypark Resources has signed contracts to build two utility-scale PV projects for MYR 75.01 million ($17.4 million) in the Malaysian state of Negeri Sembilan.
40 MW floating PV plant in China connected with Sungrow’s inverters
The world’s largest floating PV power plant, with the capacity of 40 MW is now connected to the grid.
ADB raises $46 million for Indian PV, wind with green bonds
The Asian Development Bank has raised INR 3 billion ($46.19 million) through the issuance of rupee-linked green bonds to back the development of 709 MW of solar and wind capacity in six states in India.
GCL unveils 165 MW of EPC deals with Xi’an Datang Electric
Subsidiaries of GCL New Energy Holdings have selected Xi’an Datang Electric Power Design and Research Institute to provide EPC services for 165 MW of solar capacity at three sites in China.
Indian state of Haryana exempts solar components from VAT
The move by the Haryana government seen as clear support of solar industry, designed to lower the financial barriers for renewable energy in the Northern Indian state.
India: TANGEDCO announces 1.5 GW solar tender
A total of 1.5 GW of solar in the Indian state of Tamil Nadu is due to be tendered with the upper tariff limit set at INR 4 ($ 0.062)/kWh.
