Phoenix Solar joins Singapore-based floating PV testers, GIPCL issues LoIs to Vikram Solar over 80MW in Gujarat, Brazil solar industry needs BRL6 billion after December auction, Altus Power starts 6.2MW solar plant construction in Hawaii,
Solar is dominating India’s renewable energy revolution, but there is a need to push various financing mechanisms for each solar segment to reach the country's vastly ambitious targets, according to a new report from Bloomberg New Energy Finance (BNEF).
‘Silicon Module Super League’ (SMSL) member GCL System Integrated Technology (GCL-SI) has reported a 30.5% decline in third quarter 2016 revenue, primarily due to a major slowdown in downstream PV project construction in China since the end of June and average selling price decline as overcapacity took hold in the quarter.
Leading integrated monocrystalline PV manufacturer Xi'an LONGi Silicon Materials has reported a 54.8% decline in third quarter 2016 revenue as the impact of a major demand slump in China after June’s feed-in tariff changes seriously curtailed PV power plant construction in China.
Suzlon Group has formed a joint venture with India-based renewables firm Ostro Energy to develop a 50MW PV project at Wanaparthy in the Indian state of Telangana.
India’s largest utility NTPC has invited bids for a single solar PV project of 250MW capacity to be set up at the Kadapa Solar Park in Andhra Pradesh under open category.
Spain-based renewable energy developer Gamesa will perform EPC for two projects developed by local firm Atria Power in the Indian states of Karnataka and Andhra Pradesh.
Delays in solar PPA signing combined with a petition from developers has led to significant project commissioning deadline extensions in the Indian state of Uttarakhand, according to consultancy firm Mercom Capital Group.
India’s green bond market took off this year becoming the seventh largest labelled green bond issuer with US$2.7 billion issued as of 12 October, according to the Climate Bonds Initiative (CBI).
