Indian minister for energy and mines Piyush Goyal has said that the whole world laughed at India when it announced its plans to reach 100GW of solar power by 2022. Azure Power progresses on 14MW rooftop for Delhi Metro. Fonroche divests from India to focus on Latin America.
The India government and the US Government’s development finance institution, the Overseas Private Investment Corporation (OPIC), have launched a US$20 million finance initiative to fund renewable energy projects in India.
The board of the Green Climate Fund (GCF) has approved a loan of US$130 million for projects awarded in Argentina’s RenovAr renewable energy programme.
Tariffs for utility-scale solar power in India are expected to go below the four rupee (US$0.059) mark next year, which would be a “radical moment” for India’s entire power sector, according to consultancy firm Bridge to India.
A 24-state coalition led by West Virginia attorney general Patrick Morrisey and Texas attorney general Ken Paxton has penned a letter asking president-elect Donald Trump to withdraw the Clean Power Plan.
Brazil’s development bank BNDES and the Inter-American Development Bank (IDB) have approved a US$750 million conditional credit facility for the Brazil’s Sustainable Energy Financing Program.
Renewable energy company Welink has announced a joint venture with Your Housing Group – claimed to be valued at £2.5 billion – which could see the development of 25,000 solar-powered homes using BIPV in the UK each year by 2022.
Beleaguered Spanish renewables firm Abengoa has received US court approval to exit its Chapter 11 bankruptcy, according to court records filed on Wednesday.
The last minute decision to drop Brazil’s only solar and wind auction for 2016 has been “received with perplexity” by the Brazilian PV sector, according to the head of the country’s solar association.
The levelised cost of rooftop and large-scale solar PV continued to rapidly decline in 2016, financial advisory and asset management firm Lazard has said.
