An increasing number of banks are turning away from fossil fuels and towards renewable energy financing. As Catherine Early reports, despite the chilling effect of the coronavirus pandemic on the industry, hopes are high that a tipping point is nearing.
A round-up of recent developments in the US solar market, including news of Vivint Solar sealing US$300 million of tax equity commitments and Bank of America signing a solar PPA in Texas.
PV Tech continues to chart the global solar industry’s response to the COVID-19 pandemic, this edition featuring news that the pandemic is driving down PV system costs.
Arizona utility Tucson Electric Power (TEP) has set out plans to provide 70% of its power from solar and wind by 2035, backed up with investment in new energy storage capacity.
Solar module imports into India face customs duties of as much as 40% by next year under plans outlined by the government, an apparent escalation of details released earlier this week.
The Trump administration has stifled solar and other renewables development on public lands in the US, achieving less than the Obama administration and hindering the country’s renewable energy transition.
Solarcentury and Dutch banking firm Rabobank have reached financial close on a €20 million (US$22.4 million) deal to support the development of two utility-scale solar farms in the Netherlands.
Spain’s PV industry has welcomed government approval of a package of legislative measures aimed at speeding up the country’s transition to 100% renewables.
