By 2020, solar PV will be “cost-competitive with retail electricity prices in a significant portion of the world”, clean technology market consulting and research firm Navigant Research has found.
The outspoken chief of industry body the Australian Solar Council has backed a pledge by the country’s parliamentary opposition party to put in place a 50% renewable energy by 2030 target if elected.
The UK’s main support mechanisms for large-scale and rooftop solar look in doubt following the publication of two government consultations this morning.
Major PV inverter manufacturer Sungrow Power Supply is planning to increase manufacturing capacity by a further 5GW to meet expected strong demand in 2016 and onwards, driven by China and its growing international footprint.
Major names including Bank of America, Citigroup, Barclays and UBS have aided Abengoa Yield to more than double its credit facility from US$125 million to US$290 million.
Deutsche Bank analyst Vishal Shah has said US installer SolarCity could be one of the indirect winners from news that SunEdison and its yieldco, TerraForm Power, are to acquire residential installer Vivint Solar.
