Markets & Finance

India will install 4.8GW of solar in 2016, according to new data from consultancy firm Mercom Capital.

Renewables firm SunEdison currently in Chapter 11 bankruptcy proceedings confirmed in a statement that it was in talks with its two publically listed yieldco subsidiaries to sell its ownership interest and other rights in the yieldcos.

Integrated PV module manufacturer REC Group has said it has trimmed its global workforce by 3%, or around 65 jobs out of approximately 2,200 employees.

Wind and solar bids were as low as US$49MWh and US$59MWh respectively, according to the first analysis of Argentina’s 1GW renewable energy tender.

Chile has appointed five directors for the Board of its Independent Coordinator of the National Electric System, after its major transmission law upheaval.

Five Indian states have put in proposals to replace a total of 1,067MW of conventional power plants with solar energy for irrigation purposes.

Scatec Solar has sold its interest in the Utah Red Hills solar plant to a subsidiary of the Macquarie Infrastructure Corporation (MIC).

There is a need for a pan-European investor-state dispute settlement mechanism, to give the solar industry a unified legal body to help it fight retroactive cuts and other policy U-turns across the continent, according to a European trade group.

While Europe's solar industry gathered in Brussels to celebrate 100GW of PV deployments, the future grid policy for renewables was under scrutiny.

US-based high-efficiency integrated PV manufacturer Mission Solar Energy is reportedly to close its N-type mono solar cell line with the loss of 87 jobs and focus on module assembly to remain competitive.