Difficulties in financing Indian solar projects with extremely low tariffs and the wobbling of major solar player SunEdison will not impact the long-term prospects of India’s PV market, according to two senior banking and finance representatives.
Chinese integrated PV manufacturers Renesola and Jinko Solar have announced module supply deals of 81.5MW and 49MW respectively for projects in their domestic territory.
The US Trade Representative has spoken out about the next steps for the US in light of India preparing to file additional cases against the US over violation of World Trade Organisation (WTO) norms.
GCL System Integration has bought a 51% stake in One Stop Warehouse, an Australian wholesale distributor of solar products, claiming it has been partly pushed by anti-dumping rules affecting its module supply business in Europe and the US.
The New Development Bank (NDB), a China-led multilateral development bank formed by the BRICS nations, has sanctioned a US$250 million loan for a renewable energy scheme in India, according to a senior government figure.
Indian state-owned power equipment manufacturer Bharat Heavy Electricals Limited (BHEL) has been advised to step up its activities in solar energy by minister of heavy industries and public enterprises Anant Geete.
Australia’s Clean Energy Finance Corporation (CEFC) and infrastructure manager Palisade Investment Partners have announced a new strategy to attract investors at an early stage of renewable energy project development.
The Australian Renewable Energy Agency (ARENA) is providing AU$17 million (US$13 million) funding for nine renewable energy research and development projects looking at energy storage and solar PV among other technologies.
Domestic developers triumphed in Karnataka’s 500MW solar auction, maintaining the market’s fiercely competitive tariff levels with winning bids between INR4.78-4.8/kWh (US$0.072) for capacity in the Pavagada Solar Park in Tumkur District.
