According to Bloomberg New Energy Finance (BNEF), the global average selling price (ASP) of solar modules is expected to decline by 35% in 2018, compared to previous forecasts of a 20% to 27% decline, due to the Chinese government curtailing solar growth through new policies initiated last Friday.
China-based solar PV project developer and operator ReneSola is one of the first companies to publically echo the impact expected from the Chinese government’s decision to significantly curtail solar deployment, highlighting the solar module ASP decline of modules as a key benefit to downstream developers.
HeliosLite has developed a disruptive PV tracker based on a patent pending 1.5 axis kinetic capturing more energy than 1 axis horizontal trackers without sacrificing cost effectiveness. This disruptive PV tracking solution boasts higher energy output than 1 axis horizontal trackers and is said to bring cost-effective tracking to decentralized PV plants.
India updates quality control order, MNRE to develop construction standards for rooftop and off-grid PV, India nears 22GW solar capacity, Solar park developer rules updated.
No sooner than all of the huge exhibition stands at SNEC 2018 were dismantled last Thursday, China’s regulatory organisations overseeing the solar industry, instigated new policies Friday that could have a similar effect on the utility-scale and distributed generation (DG) markets in the country.
Utility NV Energy has awarded contracts in the US state of Nevada for over 1,000MW of renewable energy projects – including a 420MW-dc solar farm – and has also requested approval for 100MW of energy storage.
NV Energy has chosen US-based developer 8minutenergy Renewables to develop the 300MW(AC) Eagle Shadow Mountain Solar Farm in Clark County, Nevada, next to a retiring coal plant.
Indian solar developer Azure Power has secured US$135 million in debt financing for 200MW of rooftop PV projects across India from a consortium of development finance institutions.
Neoen closes finance for 51MW Jamaica solar park, Enel starts production at Australia’s largest Solar PV Project, Vikram Solar commissions 10MW solar project in Madhya Pradesh.
