The cost of subsidies for installing and maintaining residential solar power systems will cost Australia’s economy AUS$9.7 billion (US$7.5 billion), according to a new report, which has prompted a strong backlash from solar industry bodies, who said the findings were “cherry picking”.
Indian utility National Thermal Power Corporation (NTPC) has announced the allocation of a further 500MW of solar PV capacity in Andhra Pradesh and 420MW in Rajasthan.
Australia’s reduced Renewable Energy Target (RET) of 33,000GWh could scale back large-scale solar potential in the country by 80%, according to a leading industry figure.
The parent company of Hanergy Thin Film Power (Hanergy TF) has insisted the firm is in good financial condition despite its shares almost halving in value yesterday.
Australia’s government and opposition have agreed to set the country's Renewable Energy Target (RET) at 33,000GWh by excluding controversial plans for two-yearly reviews.
The Indian Ministry of New and Renewable Energy (MNRE) has met to discuss revised plans to tender 10GW of solar capacity on a state-by-state basis over the next year.
United Photovoltaics Group (United PV) has acquired five solar power plants with a combined capacity of 210MW from power producer Guodian, in the Inner Mongolia and Zhejiang Province, China.
Australia’s Labor Party will not support a deal on the Renewable Energy Target (RET) over its biennial reviews and the inclusion of wood waste from native forests, despite Coalition announcements that a deal had been reached.
Business groups have called on Australia’s federal government and opposition to come to an agreement on the country’s Renewable Energy Targets (RET) to provide certainty for the renewables industry, but solar campaigners have said proposed targets are too low.
