Leading CdTe thin-film producer First Solar is undergoing a mid-year restructuring that includes cost cutting activities that should generate a US$2 billion balance sheet cushion against changing solar business dynamics and a looming revenue and shipment hole facing the company in 2017.
The Australian Energy Regulator has released a draft decision protecting solar users in South Australia from increased charges proposed by utility SA Power Networks (SAPN).
Farmers in Australia are bearing the brunt of electricity price fluctuations, but they may benefit from partnering with renewables companies, according to Jacqueline Knowles, manager of natural resources policy with the National Farmers' Federation.
PV Tech’s preliminary analysis of global PV manufacturing capacity expansion announcements in June, clearly demonstrate a significant slowdown in recent months.
Australia’s newly appointed energy minister Josh Frydenburg has said the extreme fluctuations in South Australia’s electricity tariffs should be blamed on a number of factors not just renewables, in a filmed interview with Australian news outlet ABC.
Australian investment manager QIC is to invest AU$800 million (US$598 million) and power firm AGL is to provide AU$200 million of cornerstone equity for a major partnership in the development of large-scale renewable energy infrastructure in Australia.
Australia-based renewables firm Windlab and Japan’s Eurus energy have received development approval for a hybrid project comprising 20MW solar, 30MW wind and a 2MW lithium-ion battery storage system in Queensland, Australia.
Australia’s Victorian government has issued Green Bonds and raised AU$300 million (US$225 million) in order to finance various projects including a major renewable energy project.
Conservative groups and power industry bodies have made fresh calls to hinder Australia’s Renewable Energy Target (RET) in the wake of the federal election.
