Solar capacity grew by 47GW (26%) during 2015 as a result of module prices dropping as much as 80% over the same period, according to the latest data from the International Renewable Energy Agency (IRENA).
The World Bank Group unveiled an ambitious new plan to aid developing countries fulfil their COP21 pledges by adding 30GW of renewable energy – doubling its current contributions to global energy capacity.
The financial woes of US developer SunEdison would only have a small impact on India’s overall solar deployment targets and any incomplete PV projects would be retendered immediately, Tarun Kapoor, joint secretary of India’s Ministry of New and Renewable Energy (MNRE) has told PV Tech.
Indian state-owned utility NTPC has given the go ahead for investment in 510MW of solar PV projects in the states of Madhya Pradesh and Rajasthan, according to a filing on the Bombay Stock Exchange (BSE).
NTPC-SAIL Power Company Private (NSPCL), a joint venture between Indian state-owned utility NTPC and Steel Authority of India, is tendering for the development of a 50MW solar PV project near to the Salem Steel Plant (SSP) in Salem District in the state of Tamil Nadu.
TerraForm Global has sued its struggling parent company, SunEdison, accusing it of misappropriating funding meant for completing and transferring renewable energy projects in both India and Uruguay.
Monocrystalline wafer producer Comtec Solar Systems Group said it expected to report a loss of over RMB400 million (US$62 million) for 2015, due to a series of write-downs, advance polysilicon payments and declining wafer ASPs.
Integrated China-based monocrystalline PV producer, Solargiga Energy Holdings as expected from preliminary announcements, reported only a small increase in revenue for 2015, however the company returned to a small net profit, compared to a net loss in 2014.
China-based polysilicon and wafer producer Daqo New Energy reported that external sales volume and cost structure exceeded prior guidance as demand remained strong in the fourth quarter and full year 2015.
Tokyo-based egg producer ISE Group, French energy company Total and SunPower Corporation, have started construction of a 27MW solar PV plant at Nanao, Ishikawa Prefecture, on Honshu Island in Japan.
