Indian developer Acme Solar has won a 50MW solar PV project in the state of Uttar Pradesh with a tariff of INR3.38/kWh (US$0.05) via an auction held by Solar Energy Corporation of India (SECI).
Major Thailand-based financier TMB Bank has issued the country’s first green bond, with the World Bank's IFC as the sole investor of the US$60 million bond, the funds of which will be used exclusively to finance climate-smart projects, particularly renewable energy.
The World Bank and the Government of the Republic of the Marshall Islands launched two climate change related projects that will boost investment in renewable energy and spur energy efficiency.
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.
