The Australian Energy Market Commission (AEMC), responsible for regulating the energy market, has dropped a proposal to let power network companies charge rooftop solar owners for feeding their electricity to the grid in a form of ‘solar tax’, after facing resistance from communities.
Taiwan-based PV cell and module manufacturer Motech Industries continued a fourth consecutive quarterly loss, yet losses declined on increased solar cell shipments in the second quarter of 2017.
The latest phase of a AUS$55 million (US$43.8 million) programme giving remote communities in Australia’s Northern Territory reliable and clean power will see a 2MWh battery installed and paired with more than 3,000 solar PV panels.
The Clean Energy Finance Corporation (CEFC) has provided a AU$90 million loan to two Edify Energy solar projects near Collinsville, north Queensland, Australia, which are soon to start construction.
Leading solar PV inverter supplier Huawei said it had won the supply bid for Malaysia's first 50MW(AC) utility-scale PV plant project based on its ability to provide smart solutions to the projects challenging location and environmental conditions.
The Asian Development Bank (ADB) has raised US$1.25 billion to help finance climate change mitigation and adaptation projects by issuing dual-tranche five-year (US$750 million) and 10-year green bonds (US$500 million).
Australian energy firm Genex Power has received first-round board approval from the Northern Australia Infrastructure Facility (NAIF) for potential debt funding of its 270MW solar PV and 250MW pumped hydro projects, that are part of the Kidston Renewable Energy Hub, in Northern Queensland.
Spanish infrastructure, technology and renewable energy company Elecnor has secured a €117.4 million (US$139.2 million) EPC contract for a PV farm in Australia.
