India’s government has approved significant amendments to the nation’s power ‘Tariff Policy’, including increasing the Renewable Purchase Obligation (RPO) to 8% for solar energy by March 2022.
Neyveli Lignite Corporation (NLC), an Indian state-owned mining and power company, is tendering for 260MW of grid-connected solar PV capacity in two Indian states.
Renewable energy firm SunEdison has completed the second phase of a deal to acquire a 33% interest in US utility Dominion’s 567MW portfolio of solar projects for US$117 million.
Solar developers AGL Energy and First Solar have completed Australia’s two largest solar PV plants at Nyngan (102MW) and Broken Hill (53MW), which included AU$166.7 million support from the Australian Renewable Energy Agency (ARENA).
Major US-based residential solar PV installer Sunrun has finalised senior secured credit facilities totalling US$250 million through Investec and Investec Bank to support further residential installations.
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).
