India’s fiercely competitive solar auctions have driven bids down to another surprise low with Finland-based developer Fortum Finnsurya Energy winning 70MW capacity in Rajasthan at a price of INR4.34/kWh (US$0.064), which is a drop of more than a 6% from the previous Indian record of INR4.63/kWh.
SMA is aiming to tackle the market for retrofitting energy storage systems in to existing home PV installations, with a new AC-coupled version of its Sunny Boy inverter suitable for high voltage batteries.
A consortium between India-based integrated utility and solar developer Essel Infra and China-based PV material manufacturer Golden Concord Holdings (GCL) has signed a memorandum of Understanding (MoU) with the Andhra Pradesh government to invest US$2 billion in developing 5GW of module manufacturing capacity by 2020 in the Indian state.
Corporations and utilities are already interested in energy storage but must collaborate to advance deployment and lower costs, avoiding some of the past mistakes of the PV industry, according to the heads of one California-based industry group.
Brazil's almost negligible solar deployment record is forecast to take off this year and the first movements on building Enel Green Power's 254MW plant in Bahia are symbolic of this shift in Brazil's utility-scale sector.
Solar developer SPI Energy has invested around US$4.6 million in an electric vehicle rental service in China, with the company expected to build branded charging stations and leverage its PV business to finance its growth.
The anti-dumping saga in Australia has been reignited after the Anti-Dumping Commission on 8 January overturned its previous decision to terminate of the investigation, following a review.
Italy-based renewable energy developer Enel Green Power (EGP) shareholders have approved the merger of EGP with Italy’s largest utility Enel SpA, at an extraordinary shareholders meeting held in Rome this week.
