Markets & Finance

Bloomberg New Energy Finance (BNEF) has said that preliminary estimates indicate that the PV industry end demand reached as high as 39GW in 2013, up 28% from 2012 and driven by massive growth in China, Japan and the US in particular.

The German cabinet approved a new charge on self-consumed solar power on Wednesday.

Chile’s pipeline of approved but unbuilt PV projects reached over 5.33GW at the end of December, according to the country’s renewable energy research centre CER.

US-based investment bank, ROTH Capital Partners cleantech analysts have raised their 2014 market forecast for the PV industry.

The EU has proposed a binding 27% renewable energy target for 2030 and a 40% emissions reduction goal.

Aside from traditional solar PV module manufacturing product warranties JA Solar in collaboration with Solar Insurance and Finance (Solarif) is offering customers solar project insurance.

The UK’s Department of Energy and Climate Change (DECC) wants ‘established’ renewables to compete against each other for support under its upcoming contracts for difference (CfD) regime.

Canadian-based private equity firm, JCM Capital has launched a targeted fund of up to US$150 million to support PV power plant projects in Latin and South America and Sub Saharan Africa.

Equipment leasing and financing firm, First US Finance has launched a new vendor programme designed to provide increased opportunities for clients to provide financing to customers.

Grid-connected energy storage installed globally will exceed 40GW by 2022, according to a research report by IHS published in late December.