Markets & Finance

June 3, 2016
Saudi Arabia-based PV module cleaning technology start-up NOMADD (NO-water Mechanical Automated Dusting Device) has secured US$1 million in funding from the KAUST (King Abdullah University of Science and Technology) Innovation Fund.
June 3, 2016
Spain’s Supreme Court has ruled against appeals claiming that the Popular Party’s cutbacks on the feed-in-tariff (FiTs) for solar in 2013 and 2014 were retroactive.
June 3, 2016
French utility EDF is replacing its existing residential solar offering with a self-consumption model.
June 3, 2016
Australia’s Queensland government has announced long-term financial support for 120MW of large-scale solar PV farms.
June 2, 2016
Major US-based polysilicon producer Hemlock Semiconductor has become majority owned by Dow Chemical, which has assumed 100% ownership of Dow Corning, a 40% owner in Hemlock as part of the previously announced strategic realignment.
June 2, 2016
Post SNEC 2016 exhibition reports are starting to raise concerns over a looming collapse in downstream solar PV demand in China in the second half of the year that could lead to wider implications of both solar cell and module overcapacity and subsequent ASP declines hitting the global solar industry.
June 2, 2016
Arizona Public Service (APS) has requested the Arizona Corporation Commission for the first rate review in five years, with proposals that include an unprecedented mandatory demand charge and the elimination of net-metering.
June 2, 2016
India’s Ministry of New and Renewable Energy (MNRE) has invited comments from stakeholders on its draft ‘National Policy for Renewable Energy based Micro and Mini Grids’.
June 2, 2016
The eastern Indian state of Jharkhand has awarded letters of intent (LOIs) to the winners of projects of more than 25MW capacity each from its 1.2GW solar PV auction, in what was seen as a positive step for developers.
June 2, 2016
The Indian state of Karnataka has released another set of letters of Approval (LOAs), this time for 260MW of solar PV capacity that were allotted in its dispersed 1.2GW solar auction in March.

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