Markets & Finance

Brazil’s national development bank, BNDES, has released details of the new local content requirements solar projects must fulfil to access finance.

The “pure economics” of solar in relation to increasingly costly fossil fuels will ensure a central future role for the technology in the world energy mix, according to Citigroup.

Chinese module manufacturer ReneSola has turned down offers from China and India citing low profitability, it has emerged.

PV module encapsulant material supplier STR Holdings has agreed to sell 51% of its stake to Chinese PV developer Zhenfa Energy Group.

Module manufacturer ReneSola has reported increased profits and a higher margin in its Q2 2014 results.

A division of Mitsui, one of Japan’s largest trading groups, is to jointly invest in 25MW of PV projects in Japan with equity investment manager Tokio Marine Asset Management.

China underlined its position as the new world solar superpower last year by raising more in PV financing than the whole of Europe, according to the Global Renewable Energy Report 2014.

Leading US solar developer NRG Energy is to reorganise its renewable energy business after posting mixed second quarter results.

Lawyers representing China’s government have asked the US Department of Commerce (DoC) for more time to propose a deal in the ongoing solar trade dispute between the two countries.

China has installed 3.3GW of solar power capacity in 2014 so far, according to official data released by the National Energy Administration (NEA).