Markets & Finance

India may soon review its Renewable Purchase Obligation (RPO) mechanism to give targets more suited to the environment of each state and offer more flexibility, according to energy minister Piyush Goyal.

UPDATED: India has officially started an investigation into the import of solar cells and modules from China, Taiwan and Malaysia.

Leading PV manufacturing equipment supplier Meyer Burger has secured orders worth around CHF 22 million (US$23.2 million) from an existing customer in Asia for its PERC (Passivated Emitter Rear Cell) technology.

Independent solar producer Etrion Cooperation has finished a utility-scale PV project in Japan, finishing before deadline and within its budget.

Leading asset management group BlackRock has taken its Renewable Income UK fund up to £1.1 billion (US$1.43 billion), making it one of the largest single investments in renewable energy.

The Solar Energy Corporation of India (SECI) has cancelled 950MW worth of solar tenders as the extreme dive in solar tariffs across India continues to impact tenders, but it is expected to retender this capacity.

India is now considering imposing safeguard duties on the import of solar cells and modules from China and certain other countries, while it continues contemplating imposing anti-dumping measures.

Equis clarified that it is restructuring its entire portfolio, with assets in single countries not up for grabs separately.

US-based residential rooftop solar provider Vivint Solar has expanded its energy system offering into Pittsburgh, Pennsylvania.

The European Commission has proposed an alternative floor price setting mechanism to replace the minimum import price’s (MIP) current linkage to Bloomberg prices.