Last night, chief of Tesla and chairman of SolarCity Elon Musk put in a bid to acquire the largest residential solar installer in the US, SolarCity, which is headed by his cousins Lyndon and Peter Rive. PV Tech traces back over time for key moments that set the tone for Musk's latest grand move.
The Delhi government approved its first solar policy this month with a particular focus on the rooftop segment. Jyoti Gulia, senior manager, market intelligence, at consultancy firm Bridge to India, explains how the policy brings some innovative firsts to India especially in net metering.
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.
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.
Power firm CLP India, a subsidiary of CLP Holdings, and renewables firm Suzlon Group have entered into a joint venture over a 100MW solar project at Veltoor in the Indian state of Telangana.
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.
A tender for a 200MW BOO (build-own-operate) PV plant project in Egypt has had its deadline extended by six months, in a move that the Middle East Solar Industries Association (MESIA) has said was “widely expected”.
Renewables firm Juwi Australia and KPS, a subsidiary of Pacific Energy, are partnering on hybrid systems using solar, battery energy storage and diesel or gas generation for remote mines in Australia.
Brazilian public bank Banco do Nordeste (Northeast Bank) has created a credit line to allow companies to install solar Pv and other renewable sources of energy in the mini (75kW-5MW) and micro-generation (>100KW) segment.
