India’s Ministry of New and Renewable Energy (MNRE) will subsidise 15% of the benchmark cost for residential, institutional, government and social sector rooftop solar installations, but will not cover private, commercial and industrial rooftop solar.
In its new Q2 2015 Latin American PV Playbook released on Tuesday, GTM Research noted that 363MW of new operational capacity for utility-scale PV came online in Latin America during the second quarter of 2015.
First Solar has guided 2015 PV module shipments almost double those of 2014. The CdTe thin-film leader expects shipments to be in the range of 2.8GW to 2.9GW.
Deployment of 1-5MW solar systems in Brazil is forecast to more than triple in 2016, after new net-metering proposals, according to a leading analyst on the Latin America region.
Major tier-one PV manufacturer JinkoSolar said it had secured more than US$62 million in a loan agreement with The Export-Import Bank of China (TEIBC) to support long-term fixed assets and mid-term working capital for its recently started Malaysia facility. The company said it had already drawn down the US$62 million loan.
TerraForm Global, a subsidiary of PV project developer SunEdison, has priced its initial public offering (IPO) of 45 million shares of its Class A common stock at US$15 per share, which represents US$675 million in gross proceeds.
PV manufacturing equipment specialist Singulus Technologies has reported new order intake for the first half of 2015 topped €73.1 million, significantly up from €25.2 million in the prior year period.
Integrated PV manufacturer SolarWorld has updated full-year guidance for 2015, which includes expecting to report a profit for the first time in several years on shipments of over 1GW.
The Brazilian Association of Photovoltaic Solar Energy (Absolar) has signed an agreement with the Brazilian Agency for Export and Investment Promotion (Apex-Brazil) to partner on attracting more foreign investment into the domestic solar industry.
Module manufacturer Wuxi Suntech has lost a lawsuit filed by renewable energy developer ZKenergy in a dispute over a RMB206 million (US$33.17 million) sales contract.
