A total of 12 projects have been awarded funding in Australia’s breakthrough utility-scale solar funding round, with AU$91 million set aside for 482MW of capacity.
Tamil Nadu Electricity Regulatory Commission (TNERC) has approved plans for the state utility to procure another 500MW of solar power to make up for a projected shortfall in reaching its solar Renewable Purchase Obligations (RPO).
According to Deutsche Bank’s US market analyst Vishal Shah, strong PV manufacturing capacity expansion growth in the second half of 2016 and 2017 is expected to lead to a global 16% solar module oversupply through the period.
India-based PV module manufacturer Vikram Solar has revealed plans to expand capacity to 2GW by 2019, up from recently completed expansions that have taken nameplate module capacity to 500MW.
Renewables firm SunEdison currently in Chapter 11 bankruptcy proceedings said in a SEC filing that it had received around 100 bids for parts and all assets of the company, yet the ‘sum of the parts’ equated to approximately US$1.25 billion to US$1.7 billion of potential total gross proceeds, far below incurred debts estimated at almost US$12 billion, excluding its two yieldco’s.
Ohio-based racking and mounting equipment installer Solar FlexRack has installed its TDP turnkey tracker solution in Nebraska’s largest solar PV plant.
The Feed-in-Tariff (FiT) for Egyptian solar power projects has fallen for 500kW-20MW projects and 20-50MW projects, according to an announcement by electricity minister Mohamed Shaker at a press conference on Tuesday.
Chinese PV module and system manufacturer Canadian Solar has entered into a distribution agreement with DM Solar, a wholesale distributor of solar products headquartered in Guadalajara, Mexico.
Switzerland-based clean energy provider meeco Group has formed a joint venture with Zimbabwean electricals manufacturer Powerspeed Electrical to build clean energy projects in Zimbabwe.
