RES (Renewable Energy Systems) claims the company’s experience with structuring solar, wind and transmission finance deals has made successful financing of large-scale battery projects possible.
Industry-watchers, environmental groups and think tanks have commented on news this morning that the biggest coal mining company in the US, Peabody Energy, has filed for Chapter 11 bankruptcy protection, citing downturn in the coal industry as a major factor.
Domestic developers triumphed in Karnataka’s 500MW solar auction, maintaining the market’s fiercely competitive tariff levels with winning bids between INR4.78-4.8/kWh (US$0.072) for capacity in the Pavagada Solar Park in Tumkur District.
The Indian state of Gujarat has introduced a subsidy for residential grid-connected rooftop solar systems on top of any benefits provided by India’s Central government.
Chile’s energy regulator CNE has delayed its power auction to 25 July this year, in a move that should benefit renewable energy companies looking for certainty over transmission rules.
India could file trade cases against the US over violation of World Trade Organisation (WTO) norms related to the protection of solar panel producers in various US states, says energy minister.
Developers of the majority of projects awarded in Brazil’s first solar-only tender round in 2014 have submitted a request to the regulator to delay construction by two years, according to a report.
The World Bank Group unveiled an ambitious new plan to aid developing countries fulfil their COP21 pledges by adding 30GW of renewable energy – doubling its current contributions to global energy capacity.
Closely following a senate bill to cut greenhouse gas emissions passed last week, Maryland’s legislature continues its green streak by voting in a measure that would increase the state’s renewable energy mandate to 25% by 2020.
The financial woes of US developer SunEdison would only have a small impact on India’s overall solar deployment targets and any incomplete PV projects would be retendered immediately, Tarun Kapoor, joint secretary of India’s Ministry of New and Renewable Energy (MNRE) has told PV Tech.
