Tata Power agreed to buy Welspun Renewable Energy earlier this month for INR92.49 billion (US$1.42 billion). Against the backdrop of fiercely competitive bidding, Mercom Capital Group chief executive and co-founder Raj Prabhu, explains the scene of potential mergers and acquisitions in the Indian solar market.
San Diego Gas & Electric (SDG&E) will likely surpass its cap on the number of rooftop solar systems that can sell electricity back to the utility under the net metering scheme – and will be the first utility in the state to do so.
Solar PV installations are expected to surpass 60GW worldwide in 2016, up from the 50.6GW deployed last year, according to the latest figures from SolarPower Europe.
Austria-headquartered PV O&M company ENcome has acquired abakus solar, a German PV wholesale business that specialises in project development, EPC and O&M, for an undisclosed amount.
Australia’s federal government plans a third AU$1 billion reallocation of money from the Clean Energy Finance Corporation (CEFC), prompting a backlash from solar campaigners.
The US Department of Commerce has upheld its preliminary ruling that SolarCity’s Triex cells were included within the scope of the anti-dumping duties, in a memorandum dated 17 June.
Chinese solar firm Canadian Solar and OEM giant Flextronics are working together on an US$80 million module manufacturing facility in Sao Paulo, according to the Brazilian Solar PV Association, Absolar.
Wind power developers in India have been facing delayed payments from distribution companies of up to eight months at a time in various states, but solar developers have experienced only negligible delays in a couple of states, according to industry analysts.
DNV GL is seeking comment and input from stakeholders in the energy storage industry on an update to its GRIDSTOR guidelines for grid-connected storage systems.
The White House announcement of new developments and investment in energy storage has been characterised as “the first executive office push for energy storage” that will “undoubtedly galvanize” the industry, in a new GTM Research brief by the firm's energy storage director Ravi Manghani.
