India: The first solar plant bid at INR 2.44 expected in August
The Indian Ministry of New and Renewable Energy (MNRE) says the nation will exceed 175 GW of installed renewable energy capacity as plans for bidding for 115 GW of renewable power projects to March 2020 were announced. The target for PV parks has been increased from 20 GW to 40 GW with some 41 parks in 21 states – with aggregate capacity of more than 26 GW – already sanctioned.
Shanghai Electric reveals plan to acquire 51% stake in GCL-Poly’s polysilicon unit
Shanghai Electric values the GCL polysilicon unit, Jiangsu Zhongneng, at around 25 billion CNY ($3.9 billion). Trading of shares of both companies was suspended today, pending the official announcement of the transaction.
EIB may finance 300 MW “unsubsidized” PV project in Spain
After securing a financial hedge for its Talasol solar plant in January, Israeli solar company Ellomay has now entered agreement with Deutsche Bank for the structuring of non-recourse senior debt financing for the project.
Engie acquires French solar developer Langa
The French energy giant has consolidated its new clean energy focus through the acquisition. The Langa group is expected to have operational PV assets of 165 MW in France by the end of the year.
Renesola revises up Q1 outlook despite China’s new PV provisions
The Chinese project developer expects quarterly revenue to be higher by up to $15 million, and solar module prices to drop significantly in the second half of the year.
China shakes PV world
The solar superpower’s departure from its ambitious PV targets has shaken the industry and put a dampener on share prices. Analysts from U.S. investment bank Roth Capital expect a module oversupply mountain of more than 30 GW as a result of the policy change.
Russia pre-qualifies PV projects totaling 554.3 MW for pending RE auction
Only a third of the projects, however, will reach the auction’s final phase, as the Russian government announced last year it would allocate 829.94 MW of wind and only 150.2 MW of solar in this round of bids.
How Trump inadvertently proved solar and wind are the future
The Trump administration’s domestic energy policy has attempted a focus on strategic safety to support coal and nuclear – with apparently zero concern for long term viability or cost – while forgetting that the sun shines everyday.
The European job
Energyra promises to be a lot of things: the first module maker to bring production back to the Netherlands; a manufacturer relying entirely on Made in Europe equipment and Dutch back contact solar cell technology; and a start-up betting on quality, innovation, automation, as well as high performance modules. pv magazine visited the company’s factory in Zaanstad, to get more detail on this ambitious project.
Dubai has 43.7 MW under net metering
Most of the capacity, around 27 MW, was deployed in the emirate over the past eight months.
