In response to financial and environmental concerns, House Republicans reviewed a key tenet of Obama’s energy legislation, specifically the perceived lavish subsidies set aside for utility-scale solar power plants.
A significant decline in the cost of PV modules and project construction, as well as a shift from small-scale projects to cheaper capex utility-scale projects, is a main driver for an clean energy investment slowdown in 2016, says Bloomberg News Energy Finance (BNEF).
The Brazilian government is considering the creation of a credit line for individuals with solar energy systems in the micro and mini generation segment, according to the minister of mines and energy Fernando Coelho Filho.
The Chilean Congress has passed a major law on electricity transmission, which will help the development of both renewable and non-renewable energy projects.
Federal government-owned public liability, the Nigerian Bulk Electricity Trading (NBET), has signed the country’s first ever solar power purchase agreement (PPA) with more than ten project developers, totalling 975MW of utility-scale solar.
Huawei Technologies decided to enter the PV inverter market, bringing its ICT know-how and hardware to a market already burdened by overcapacity and declining margins. In a few short years, instead of floundering, Huawei soon became the market leader in China.
Brazilian minister of mines and energy Fernando Coelho Filho has touted the potential of Brazil to become one of the largest global solar markets through the distributed generation segment.
