After the warning note sounded last night at the launch of Solar Power International 2015 over the impact of the pending investment tax credit drop-off, the first full day of the show saw this theme take centre stage.
The 2015 Solar Power International expo got underway in Anaheim, California on Monday evening, with a stark warning of the existential threat posed to US solar by the pending drop in the federal investment tax credit (ITC).
Developments in balance-of-system technologies are set to play a lead role in pushing global installed PV system costs down 40% by 2020, a report by GTM Research claims.
The project arm of Chinese manufacturer, JinkoSolar, has secured a credit line worth CNY10 billion (US$1.5 billion) with the Industrial and Commercial Bank of China’s Jiangxi Provincial branch.
Duke Energy Renewables has completed 30MW of solar projects in eastern North Carolina and is planning to double its operational capacity in the state by the end of 2015.
The worldwide market for module-level power electronics (MLPEs), including PV microinverters and power optimisers, is expected to reach US$1 billion by 2019, according to IHS.
Australia’s largest PV array, the 102MW Nyngan project in New South Wales, has delivered 60,000MWh of power to the national grid in its first three months of operation, the country’s renewable energy agency has said.
Chinese manufacturer Yingli’s European subsidiary has formed a joint venture with renewables developer Namene to focus on PV project opportunities in West Africa.
US pressure group the Alliance for Solar Choice (TASC) is mounting a nationwide campaign to persuade Congress to maintain the investment tax credit beyond its planned sunset at the end of 2016.
