Lowering interest rates for Indian solar projects from around 14% to 7% would save around one-third of the project’s entire lifetime cost, according to a senior climate financier.
GCL New Energy Holdings has guided plans to build 2GW of PV power plant projects in China in 2015, increasing by 500MW per annum to reach planned installations of 3GW in 2017.
Japan’s electric utility companies that had stopped considering applications for utility-scale solar look set to resume doing so, although projects will be subjected to stricter new rules.
The leaders of the US and India have reasserted their ongoing clean energy partnership with President Obama hinting at additional financial support during meetings in India.
The PV industry’s largest polysilicon and solar wafer producer, GCL-Poly Energy Holdings has signed its eighth supply contract with bankrupt PV module manufacturer, Shanghai Chaori Solar. GCL-Poly is in the process of becoming a majority shareholder in the struggling firm.
The 2015 edition of the SEMI International Technology Roadmap for PV (ITRPV), which will be released during SNEC in Shanghai in late April, will incorporate several key changes to its technology focus.
Japan will produce definitive targets for renewable energy this year, according to a government official. The country’s government has taken criticism from pro-renewable energy groups for not doing so previously.
