High costs of capital and low tariffs are causing extremely tight margins for solar developers in India. PV Tech caught up with Gaetan Tiberghien, principal investment officer, South Asia for International Finance Corporation (IFC), to discuss financing in the region.
High-efficiency PV module producer and project developer SunPower said it was reducing its focus in PV power plant development outside the US and focusing more resources to the distributed generation market in the US.
The Arizona Corporation Commission has said that the rate structuring process for net metering in the state is subject to “undue influences”, and has hired out an attorney to investigate the issue, according to reports.
In this week's Movers & Shakers segment, PV Tech focuses on employment shakeups in the US, Europe and Asia as key renewables companies reveal some hires and departures from the last fortnight.
Leading CdTe thin-film producer First Solar is undergoing a mid-year restructuring that includes cost cutting activities that should generate a US$2 billion balance sheet cushion against changing solar business dynamics and a looming revenue and shipment hole facing the company in 2017.
Leading CdTe thin-film producer First Solar is undertaking a further round of restructuring that targets its EPC and O&M operations after its decision to shutdown its TetraSun crystalline silicon operations in Malaysia in early July.
In this week's Movers & Shakers, PV Tech reports some recent industry mergers and acquisitions, dramatic UK solar job losses and an equally dramatic opportunity for job growth in the US with Tesla's new Gigafactory in Nevada.
In this week's Movers & Shakers segment, PV Tech examines new US solar employment initiatives, new up-and-coming technology and industry policy debates as well as career moves by influential individuals.
Bill Gates once again shunned solar power from his vision for energy access in Africa in his talk at the University of Pretoria in South Africa on Sunday, where he argued that whilst “cheap, clean energy” is what Africa needs, solar does not fit the bill.
Struggling Hanergy Thin Film Power Group has appointed Lin Qi, currently the executive vice-president and chief operation officer of parent company, Hanergy Holding Group as an executive director.
