India has approved implementation of Phase-Ill of its ‘Off-grid and Decentralised Solar PV Application Programme’, which targets an additional 118MW off-grid solar PV capacity by 2020, in street lights, study lamps and home systems.
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.
Pakistani financier JS Bank has partnered with local solar firm Nizam Energy on a PV module financing solution directed at small and medium enterprises (SMEs).
India’s newly-formed Directorate General of Trade Remedies (DGTR) will hold a public hearing regarding the case on whether to impose Safeguard Duties on imports of solar cells and modules on 26 June in New Delhi.
The EBRD, IFC and Dutch Development Bank (FMO) have announced a partnership to finance improvements to Turkey’s electricity distribution network in the country’s Osmangazi region in western Anatolia.
The largest solar PV manufacturer in the world GCL Group has had its plans for a major 5GW manufacturing hub in Egypt approved by the National Authority for Military Production.
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.
Energy Networks Australia (ENA) has pushed for a more consistent approach to grid connections of solar PV and battery storage by issuing a set of guidelines.
