Whilst African solar is still firmly an emerging market, investors have confirmed that issues remain with development finance, insofar as it is holding back the market from truly taking off. Whilst development finance institutions (DFIs) are a crucial part of allowing the market to find its feet, the continent’s economic infrastructure needs to move beyond the realm of development finance for commercial financiers to be enticed.
India’s first grid-scale solar-plus-storage tender has been held up by the extreme drop in the country’s solar PV prices this year, according to Rahul Walawalkar, executive director of the Indian Energy Storage Alliance.
India’s Cabinet Committee on Economic Affairs has approved the IPO of the Indian Renewable Energy Development Agency (IREDA) aiming to help fund more renewable energy projects.
Manila-based bank, the Asian Development Bank (ADB) is partnering with governments, communities and the private sector to support clean energy projects in the Pacific region.
UPDATED: India solar manufacturers have filed an anti-dumping petition with the Ministry of Trade and Commerce against Chinese solar cells and modules, according to a report from consultancy firm Mercom Capital Group, although no official notification has been released so far.
A total of 12 bidders have been prequalified following the Request for Qualifications (RFQ) for Zambia’s second round of Scaling Solar tenders for up to 300MW of PV projects.
A consortium of international chambers of commerce has advised the Vietnamese government that its draft solar PPA template is “non-bankable” and cannot attract financing for PV in Vietnam, particularly for medium and utility-scale projects, according to documents seen by PV Tech.
A 100MW AC (125MW DC) solar farm project in Australia will be sold by global utility-scale solar developer FRV (Fotowatio Renewable Ventures), to two investment groups.
Leading ‘Silicon Module Super League’ (SMSL) member JinkoSolar reported record PV module shipments of 2,068MW in the first quarter of 2017, exceeding guidance.
