Markets & Finance

State-owned companies including the Indian Renewable Energy Development Agency (IREDA), Power Finance Corp (PFC) and Rural Electrification Corp (REC) plan to raise around INR50 billion (US$779 million) through the sale of tax-free bonds for renewable energy projects in India.

A proposed “sun tax” on use of batteries for residential self-consumption of solar energy in Spain could increase payback time from around 16 years to 31 years under a new draft Law put forward by the Spanish Government.

All countries putting forward a “credible” emissions target is critical to help drive a major increase in global solar installations and keep long-term average global temperatures below 2°C, it has been announced at the launch of new International Energy Agency (IEA) report.

Module manufacturer QSolar has “no viable go forward business plan”, according to court-appointed directors in Canada.

Module manufacturer China Sunergy (CSUN) has reported its 2014 annual results after failing to report any figures since Q2 2014.

India-based solar developer Azure Power has applied for listing on the Nasdaq stock exchange, according to a local report.

First Solar and SunPower’s joint yieldco vehicle has commenced its initial public offering.

A new solar-plus-storage division is to be launched by DNV GL, the expert advisory group and certification body announced at Intersolar Europe on Wednesday.

Germany-based PV materials manufacturer Heraeus has filed a patent infringement lawsuit against Taiwan-based PV materials specialist Giga Solar Materials Corp for allegedly infringing a patent held by Heraeus over front-side metallisation paste materials used for solar cells.

Germany’s PV market looks set to undershoot its annual target again this year, possibly failing to reach even 1.5GW, according to David Wedepohl, the director of communications and markets at the country’s solar association, BSW-Solar.