China reportedly ready to end large scale PV subsidies this year
Having envisioned an 18-month transition to grid parity solar in the world’s biggest PV marketplace, developers of large scale projects are now reportedly being told the subsidy taps will be switched off at the end of December.
Korea’s South Jeolla province is becoming a solar hub
According to Korean government, around 18,000 unlicensed projects up to 1 MW in size are being developed in the area. Restrictions on such projects, which are driving this year’s strong solar growth in the country, are being introduced to reduce their environmental impact.
Renesola rebounds from loss with Q2 profit but loan looms large
The project developer trumpeted its return to the black in the second quarter and appears set to secure an $11 million cash injection from its main shareholder. It needs the cash to help settle a near-$29 million debt due for repayment in March.
