India is expected to add more than 9GW of solar PV capacity this year, but its long-term renewable energy future requires adding transmission capacity and removing bottlenecks immediately, according to the latest quarterly solar market update from consultancy firm Mercom Capital Group.
China-based PV manufacturer GCL System Integration Technology (GCLS) has teamed with Vietnam-based OEM producer, Vina Solar Technology to establish a 600MW solar cell plant at Vina’s Bac Giang facilities.
India is expected to become a “key pillar” for solar demand growth, while growth from leading nations including China, Japan and possibly the US declines, according to the latest update from consultancy firm Bridge to India.
Goldman Sachs-backed rooftop solar specialist Asian Clean Capital (ACC) and SUMEC New Energy & Development are to develop a 100MW solar pipeline in China.
China has made known its disappointment with the European Commission’s decision to extend its trade duties on Chinese solar products for a further two years, through comments from an official at the Ministry of Commerce.
China-based EPC and project developer China Singyes Solar Technologies Holdings has won an EPC contract for a 100MW solar plant in Uzbekistan on behalf of state-owned firm Uzbekenergo.
UPDATED: The minimum import price (MIP) for solar products being sold into the EU will drop significantly in 2017, according to official correspondence seen by PV Tech.
Indian firms Adani and Azure Power have won 50MW solar capacity each in the state of Andhra Pradesh, in an auction with local content rules, according to consultancy firm Mercom Capital Group.
Indian minister for energy and mines Piyush Goyal has said that the whole world laughed at India when it announced its plans to reach 100GW of solar power by 2022. Azure Power progresses on 14MW rooftop for Delhi Metro. Fonroche divests from India to focus on Latin America.
The India government and the US Government’s development finance institution, the Overseas Private Investment Corporation (OPIC), have launched a US$20 million finance initiative to fund renewable energy projects in India.
