Solar installations in India were up 35% year-on-year (YoY) in Q1-3 2022, but the average system cost went increased 7.5% for the same period, according to consultancy Mercom Capital Group.
With a growing wait-and-see sentiment emerging in the market, the prices of silicon wafers and silicon material at the upstream end have started showing signs of falling.
IDB Invest and South American financial group Bancolombia will provide developer Solarpack with a COP656 billion (US$133 million) loan to support the development of two solar PV projects in Colombia.
Finnish investment company Korkia has funded a partnership with Greek developers GH Energy and AA Sunshine to develop solar power parks in mainland Greece and Crete.
JinkoSolar, the global PV manufacturer, will supply approximately 522MW of its Tiger Neo 78 Cell modules to the Brazilian Santa Luzia utility PV project, one of the largest in the country.