The “pure economics” of solar in relation to increasingly costly fossil fuels will ensure a central future role for the technology in the world energy mix, according to Citigroup.
A division of Mitsui, one of Japan’s largest trading groups, is to jointly invest in 25MW of PV projects in Japan with equity investment manager Tokio Marine Asset Management.
China underlined its position as the new world solar superpower last year by raising more in PV financing than the whole of Europe, according to the Global Renewable Energy Report 2014.
