The Karnataka Electricity Regulatory Commission (KERC) has reduced the benchmark tariff for grid-connected utility-scale solar in the Indian state from INR6.51/kWh (US$0.101) to INR4.36/kWh (US$0.068).
Struggling China-based PV manufacturer Yingli Green Energy reported a full-year 2016 net loss of US$293.6 million with the majority of losses attributed to manufacturing impairment and supplier bad debt provisions incurred in the fourth quarter of 2016.
As part of India’s Green Energy Corridor scheme, the Ministry of Power has proposed setting up a host of Renewable Energy Management Centres (REMCs) across the country to help integrate renewables as their penetration increases.
Czech solar company Solek Group announced this week that it plans to issue public bonds worth roughly US$19.9 million — which the company will use to finance part of a 70MW solar portfolio in Chile.
ET Solutions AG, a subsidiary of clean energy developer ET Energy, announced that it has started construction on a 19MW solar power project in Turkey for PV module provider Astronergy.
Solar Systems LLC announced that the first delivery of PV modules have arrived for the 15MW Zavodskaya solar plant in the village of Volodarskiy —located in the Astrakhan region of Russia.
SB Energy, a joint venture between Softbank, Foxconn and Bharti Enterprises, has commissioned a 350MW solar plant at Kurnool District, Andhra Pradesh, India, claiming it to be the world’s seventh largest PV plant.
The Solar Energy Research Institute of Singapore (SERIS) at the National University of Singapore (NUS) has developed the world’s first full-sized Interdigitated Back Contact (IBC) bifacial solar module using International Solar Energy Research Center (ISC) Konstanz, ‘ZEBRA’ solar cells.
