Markets & Finance

Strong growth in solar and wind will make renewable energy generation the world’s leading source of power by 2035, according to the International Energy Agency (IEA).

Labor refused to scrap Australia’s Renewable Energy Target (RET), and has now left negotiations to have the policy slashed.

The US subsidiary of China-based tier-one PV module manufacturer, JinkoSolar, has secured a two-year line of credit of US$20 million to support US working capital and business operational needs from Wells Fargo Bank, National Association.

The chief technology officer of Indian manufacturer and installer, Tata Power Solar, has said commercial rooftop solar will reach grid parity before any other solar segment in India, and will be the cheapest form of energy for customers by 2024.

France connected 286.3MW of new PV systems in the third quarter of this year, according to the country’s solar association, Enerplan.

Japan’s renewable energy policy could see a drastic overhaul next year, with a possibility the Asian country could choose a scheme similar to the UK’s contracts for difference (CfDs), according to one advocacy group.

Major PV energy provider, SunPower, is to acquire SolarBridge Technologies, a US-based small-cap microinverter firm for an undisclosed sum.

The largest polysilicon producer, GCL-Poly Energy Holdings and a group of other investors are to take a majority shareholding in bankrupt PV module manufacturer, Shanghai Chaori Solar. The company also announced plans to dispose of its wafer production business, which has recently been expanded to a nameplate capacity of 13GW.

There is to be a two stage reduction in solar FiT payments with the single payment offered for systems under 30kW to also be reduced.

Hong Kong based independent power producer (IPP) Sky Solar has postponed its initial public offering (IPO) of shares, which were expected to start trading today on NASDAQ.