Markets & Finance

Indonesia will increase its renewable energy budget by a factor of five, with rooftop solar to be a “top priority”, according to local press reports.

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.

Module manufacturer QSolar has “no viable go forward business plan”, according to court-appointed directors in Canada.

Module manufacturer China Sunergy (CSUN) has reported its 2014 annual results after failing to report any figures since Q2 2014.

India-based solar developer Azure Power has applied for listing on the Nasdaq stock exchange, according to a local report.

First Solar and SunPower’s joint yieldco vehicle has commenced its initial public offering.

A new solar-plus-storage division is to be launched by DNV GL, the expert advisory group and certification body announced at Intersolar Europe on Wednesday.

Germany-based PV materials manufacturer Heraeus has filed a patent infringement lawsuit against Taiwan-based PV materials specialist Giga Solar Materials Corp for allegedly infringing a patent held by Heraeus over front-side metallisation paste materials used for solar cells.