Global clean energy investment in the first quarter of 2017 was down 17% compared to Q1 2016, as market leaders China and the US scaled back support for wind and solar farms.
Indian solar tariffs reached yet another new low yesterday with the Indian arm of French clean energy firm Solairedirect winning 250MW(ac) of capacity in Andhra Pradesh with a record bid of INR 3.15/kWh (US$0.0494).
Amaranto has launched an investment vehicle dedicated to acquiring PV projects in India and has secured exclusive rights to purchase a 110MW solar project in the West of the country for around US$80 million.
News in Brief: Portland, Oregon pledges 100% renewable energy by 2050, India's BHEL implements a 2MW rooftop array with the Indian Railway and Unisource Energy completes a 5MW solar array in Arizona, dedicated to a long-term employee.
India added 5,526MW of solar PV capacity in the fiscal year 2016/17, up 83% on the previous year, according to new figures from the Ministry of New and Renewable Energy (MNRE).
In this week's Movers & Shakers segment, PV Tech focuses in solar jobs in the US, with the UK's Lightsource embarking on its pilot expansion into North America, and Panasonic's Coronal Energy likewise strengthening its North American operations with new strategic leaders. An early-stage investor exits India's Azure Power and The Solar Foundation launches a new online career platform, in other news.
Hindustan Cleanenergy, the renewables arm of Indian firm Hindustan Power, has commissioned a 10MW solar PV plant at Shergati, Gaya, in the Indian state of Bihar.
A joint investment of £240 million has been unveiled by the UK and Indian governments to encourage investment into India’s rapidly growing energy and renewables market and deepen trading ties between the two countries.
