India has officially approved its well-publicised 100GW by 2022 solar capacity target after a meeting of India’s Union Cabinet, chaired by the Prime Minister Narendra Modi.
Tier-one PV manufacturer JA Solar is to form a special committee to advice on the offer from its chairman and CEO, Baofang Jin over taking the company private by acquiring all outstanding (ADS) shares listed on NASDAQ.
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.
