In response to financial and environmental concerns, House Republicans reviewed a key tenet of Obama’s energy legislation, specifically the perceived lavish subsidies set aside for utility-scale solar power plants.
A significant decline in the cost of PV modules and project construction, as well as a shift from small-scale projects to cheaper capex utility-scale projects, is a main driver for an clean energy investment slowdown in 2016, says Bloomberg News Energy Finance (BNEF).
Array Technologies (ATI), one of the world's largest solar tracker manufacturers, has officially surpassed 5.6GW of trackers shipped globally. The company is also celebrating 11,000MW years of tracker operation.
The US Department of Energy SunShot Initiative’s Orange Button programme kicks off today and tomorrow in San Francisco with the first face-to-face meetings of the initiative, which aims to establish unified datasets in an effort to reduce financing costs across the industry.
Federal government-owned public liability, the Nigerian Bulk Electricity Trading (NBET), has signed the country’s first ever solar power purchase agreement (PPA) with more than ten project developers, totalling 975MW of utility-scale solar.
Developers including Italy’s Enel Green Power and Saudi Arabia’s ACWA Power and Abdul Latif Jameel (ALJ) have pulled out of the running for the upcoming 350MW solar tender in Abu Dhabi.