Representatives of Brazil’s Chamber of Mines and Energy Committee have approved legislation that includes new solar financing options and tax exemptions for solar cell and module imports, but the proposals must still pass through two more commissions to become law, according to a leading industry figure.
Saudi-based industrial conglomerate Al-Afandi Group has signed a property contract with the Yanbu Royal Commission in Saudi Arabia for the first phase what is hoped to become a 1GW integrated module factory.
Last year saw a number of emerging solar markets begin to fulfil their potential, setting up some promising prospects for 2016. Josefin Berg, senior solar analyst at market research firm, IHS, discusses the emerging-market highlights of 2015 and what to expect in 2016.
State-owned firm the Indian Renewable Energy Development Agency (IREDA) is to issue INR17.2 billion (US$257 million) in tax-free bonds from today for the financing of renewable energy projects in the financial year 2015/16.
The Solar Energy Corporation of India (SECI) has signed an MoU with the Delhi Metro Rail Corporation (DMRC) to work together on developing an initial 500MW capacity of off-site solar projects over three years.
Global corporate funding in the solar industry reached US$25.3 billion in 2015, with a record year for residential and commercial solar, according to consultancy firm Mercom Capital.
Delhi-based private distribution company (Discom) BSES, which is backed by Indian conglomerate Reliance Infra, plans to procure 700MW of clean energy including solar power using a reverse auction process.
Google is expanding its online solar service that helps customers assess cost and benefits of installing solar on rooftops to be able to reach more homeowners.
PV component and module manufacturer RenewSys India (RIPL) has ordered a 100MW solar cell line from unnamed European manufacturers in order to expand its own manufacturing facility in Hyderabad.
