Markets & Finance

Manz, supplier of manufacturing equipment to the solar, energy storage and electronics industries has been forced to lay off 174 members of staff.

First Solar has announced shipment guidance for 2016 of 2.9-3.0GW for 2016 and confirmed that it has no immediate plans to expand production capacity.

Concrete action in the Indian solar sector this year has countered scepticism over the 266GW of clean energy pledges made earlier this year, according to a new report.

Indian conglomerate Aditya Birla Nuvo has won all 150MW in a solar auction held by the Indian state of Haryana at a tariff of INR5.08 (US$0.076)/kWh.

Around 20 bidders have entered the frame for the latest 800MW phase of Dubai’s flagship solar project, according to the Middle East Solar Industry Association.

Bluewave, a Boston-based developer of solar projects, claimed that it has “secured US$100 million” for community solar from a subsidiary of multinational investment house Morgan Stanley.

The Clean Energy Council (CEC), a body representing the renewables industry in Australia, has written to federal and state government ministers citing various barriers to the progress of clean energy in the country.

Thin-film manufacturer and developer First Solar is among the investors in a US$50 million funding round for grid-scale storage specialist Younicos, with the money raised set to fuel the latter’s expansion.

India’s government has now approved 27 solar parks, bringing the aggregate capacity to 18,418MW across 21 states and union territories.

Brazil’s Development Bank (BNDES) has raised US$100 million from three Japanese banks in order to invest in clean energy projects.