The US could bring back its World Trade Organisation (WTO) dispute with India, after reports suggested the US believes the South Asian country has failed to comply with a 2016 ruling on its solar policies.
The European Investment Bank (EIB) and India-based Yes Bank are supporting Indian solar and wind projects with a new US$400 million co-financing initiative.
Solar Energy Corporation of India (SECI) has issued an expression of interest (EOI) for the setting up of 20GW of vertically-integrated solar PV manufacturing capacity in India over the next three years, in an unclear and poorly worded release.
Australia’s Clean Energy Finance Corporation (CEFC) has reached 1GW of solar capacity investments across 20 large-scale projects since 2013 with a total investment of AU$898 million (US$689 million).
Aiming to make its local solar manufacturers competitive on the global stage, the Indian government has proposed direct financial support of INR110 billion (US$1.7 billion) and a 12GW allocation of public sector tenders mandated to include locally sourced PV equipment.
Vortex has sold a 45% stake in its former SunEdison-built solar portfolio in the UK to Malaysia’s second-largest pension fund Kumpulan Wang Persaraan (KWAP).
BP has said the promising “fundamentals” behind the current global solar market triggered it to re-enter and the petrol giant now has ambitious plans for worldwide growth.
