Dubai’s sub-six cents solar farm raised eyebrows when it was announced but when you examine the technology to be deployed and finance that’s paying for it, sceptics may wish to look away. John Parnell reports on what the project signifies for solar in the Middle East
New South Wales was the only Australian state to experience a significant increase in volumes of sub-100kW PV systems in 2015, with most other states contracting, according to the latest figures from Australia-based solar consultancy SunWiz.
India’s fiercely competitive solar auctions have driven bids down to another surprise low with Finland-based developer Fortum Finnsurya Energy winning 70MW capacity in Rajasthan at a price of INR4.34/kWh (US$0.064), which is a drop of more than a 6% from the previous Indian record of INR4.63/kWh.
Chile’s installed solar PV capacity reached 848MW as of the end of December 2015, according to the latest update from Chilean renewable energy research institute Centro para la Innovación y Fomento de las Energías Sustentables (CIFES).
China-based PV energy provider United Photovoltaics Group is taking PV manufacturer and PV project developer Hareon Solar Technology to the China International Economic and Trade Arbitration Commission over failure to supply a total of 930MW of PV power plants under a previous agreement.
India crossed the 5GW mark for installed solar capacity this week, according to the latest figures from the Ministry of New and Renewable Energy (MNRE).
Canadian-based PV project developer JCM Capital said it had secured an undisclosed tranche of funds as part of a US$50 million private placement offering for project financing requirements of three projects scheduled to reach financial close during 2016 and 2017.
PV tracking systems specialist Exosun has secured orders totalling 11MWp for its ‘Exotrack’ HZ horizontal single-axis solar trackers from EPC, Phoenix Solar, for three PV power plant projects in Jordan.
