Lowering interest rates for Indian solar projects from around 14% to 7% would save around one-third of the project’s entire lifetime cost, according to a senior climate financier.
The present buoyant relations between the US and India over clean energy policy could face their first test next week as a World Trade Organization panel prepares to hear a US complaint over India’s solar domestic content requirement.
Japan’s electric utility companies that had stopped considering applications for utility-scale solar look set to resume doing so, although projects will be subjected to stricter new rules.
The leaders of the US and India have reasserted their ongoing clean energy partnership with President Obama hinting at additional financial support during meetings in India.
Japan will produce definitive targets for renewable energy this year, according to a government official. The country’s government has taken criticism from pro-renewable energy groups for not doing so previously.
Leading PV manufacturer Trina Solar said it would continue to meet demand for its PV modules in the US, despite the US International Trade Commission’s (ITC) final determination on anti-dumping and countervailing duties issued yesterday.
According to market research firm IHS, Chinese tier-1 PV module suppliers are mostly sold out in the first quarter of 2015 as demand remains strong from markets such as China, Japan and the UK as well as in South America and Central America.
Market research firm, IHS has significantly lowered its PV demand forecast for Saudi Arabia in response to the country pushing back its renewable energy plans by eight years in the wake of plummeting oil prices.
Vertically integrated solar power provider SunEdison and its ‘yield co’ subsidiary will build 85.2MW of UK PV across five plants, having secured financing from Santander and Bayerische Landesbank.
