Distressed PV thin-film producer Hanergy Thin Film has finally issued a profit warning and business update that reveals the extent of the dependence on its parent company and its dire financial position.
A levy, or cess, on coal and other fossil fuels in India will be doubled from INR200 (US$2.93) per tonne to INR400 per tonne, under the latest Budget announced today by minister of finance Arun Jaitley.
The World Trade Organisation (WTO) has ruled against India's local content rules for solar equipment in its dispute with the US. Jasmeet Khurana, associate director, consulting, Bridge to India explains why the Domestic Content Requirement (DCR) has always been unsustainable and what other policies should be considered to keep Indian solar manufacturers afloat.
US energy company Southern Company and utility technology provider PowerSecure International have both approved a definitive merger agreement through which Southern Company will acquire PowerSecure.
Solar power company Canadian Solar announced that it has agreed to a financial agreement in which Goldman Sachs Japan will establish a US$26 million project finance bond for the 10.2MW Aomori-Misawa solar power plant in Rokunohe-cho, Kamikita-gun, Aomori Prefecture, Japan.
As another big US CSP project bites the dust having previously rejected the suggestion that it should re-apply as a PV project, John Parnell explores whether CSP, especially power towers, risk becoming the Betamax of solar energy.
