Markets & Finance

GCL-SI, a subsidiary of GCL, is to develop a 1GW solar PV plant at the former contaminated nuclear site in Chernobyl, Ukraine. Construction is expected to start in 2017.

Renewable energy companies in Spain are making claims against banks for misleading them over complex financial products since the economic crisis.

Adani Group, currently the largest solar developer in India, plans to start constructing two solar PV plants with 100-200MW capacities in Australia next year, according to a Bombay Stock Exchange filing.

Four European countries have signed a joint agreement to establish a roadmap for exchanging electricity from renewable sources between Morocco and Europe.

India’s installed capacity of solar PV has surpassed the major milestone of 10GW, according to consultancy firm Bridge to India.

Enel Green Power Peru (EGPP), a subsidiary of Italian power giant Enel, has started construction of Peru’s largest solar plant.

Specialist PV manufacturing equipment supplier Amtech Systems reported Solar segment sales of US$22.6 million in its fiscal fourth quarter of 2016, resulting in full-year preliminary Solar segment sales of US$60.9 million, up from US$51.8 million in 2015.

The merger between Tesla and SolarCity has been approved by shareholders.

Power Grid Corporation of India Limited (PGCIL) has sought loan assistance of US$1 billion from the Asian Development Bank (ADB), according to energy and mines minister Piyush Goyal.

The markets can be a frustrating place for the solar industry. Just ask Elon Musk. The negative perception of the SolarCity/Tesla merger often signals a lack of awareness of how far solar, energy storage and EVs have come.