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.
‘Silicon Module Super League’ (SMSL) member Canadian Solar has completed the sale of a further two solar power plants in China, totalling approximately 69.5MWp to Shenzhen Energy Nanjing Holding Co.
German alternative asset management firm Aquila Capital has completed a 38.4MW PV project in Japan and sold it to a local institutional investor for an undisclosed amount.
Spain’s Ministry of Energy, Tourism and Digital Agenda has announced that the country’s 2-3GW renewable energy auction will take place on 17 May, following the approval of the final two Resolutions to carry out the tender.
Global clean energy investment in the first quarter of 2017 was down 17% compared to Q1 2016, as market leaders China and the US scaled back support for wind and solar farms.
The Americas subsidiary of Solar Frontier has completed the sale of its 40MW Midway II solar plant to a subsidiary of Dominion Energy for an undisclosed sum.
Indian solar tariffs reached yet another new low yesterday with the Indian arm of French clean energy firm Solairedirect winning 250MW(ac) of capacity in Andhra Pradesh with a record bid of INR 3.15/kWh (US$0.0494).
Amaranto has launched an investment vehicle dedicated to acquiring PV projects in India and has secured exclusive rights to purchase a 110MW solar project in the West of the country for around US$80 million.
