China’s National Energy Administration (NEA) has called on local governments to ease burdens on the renewable energy sector with a range of measures including the “strict implementation”of a guarantee for signing power purchase agreements (PPAs).
China installed a total of 9.65GW of solar PV capacity in the first quarter of 2018, a 22% increase over the prior year period, according to China’s National Energy Administration (NEA).
Australia's National Energy Guarantee (NEG), which has been waived through for a final decision in August, would significantly harm the country's large-scale renewables pipeline, with just 1.5GW expected to be completed by 2025 despite the current 16GW pipeline, according to the head of the country’s solar and storage council.
India’s Ministry of New and Renewable Energy (MNRE) has reminded implementing agencies of rooftop solar projects under the capital subsidy scheme that they must go through a transparent bidding process to discover tariffs or the project will no longer be eligible for subsidies.
New Jersey is the latest US state to set itself targets for the deployment of energy storage, with newly passed legislation calling for 600MW of the technology within three years.
The 50:50 JV named ‘EverSource Capital’ will manage an initial fund named the Green Growth Equity Fund (GGEF), which has the backing of the India and UK governments.
According to GTM Research, global solar PV installations are expected to surpass 104GW in 2018, despite the top four markets, including China, forecasted to decline collectively by 7%.
