Owners of PV firm could spend decades in prison after still-ongoing criminal case found investors including Warren Buffett’s Berkshire were ‘duped’ of US$1bn to fund ‘lavish’ lifestyle.
Deal to sell 74% stake to Mumbai-based financial services group Edelweiss will pave way for ‘partnership’ where Engie will continue running solar assets on buyer’s behalf.
Oil major’s deal with ACS Group to amass massive pipeline in Spain marks the latest boost for the country, said by regulators to have nearly doubled PV capacity in a single year.
Switching to full renewables by 2050 in line with climate goals would see global solar create 22 million of a total 35 million new energy sector jobs, with batteries employing 4.5 million.
Current pipeline lies at such advanced stages that 3.6GWac of PV and wind could be commissioned nation-wide after 2019’s market lows, say Rystad Energy consultants.
PV might have only seen 30.22GW added throughout 2019 but ‘year-end rally’ hinted at by latest NEA figures may indicate market will rebound more than expected in 2020, analysts say.
Industry association GÜNDER tells PV Tech it expects mix of large-scale tenders and net metering support for smaller systems will drive annual gigawatt-scale growth starting this year.
Consortium bags contract for Gafsa PV plant after submitting a bid of US$0.0272/kWh, for 500MW solar tender meant to kickstart still-dormant clean energy market.
US Department of the Interior (DOI) grants planning nod to large-scale installation near the city of Blythe, slightly trimming the plant’s size to reflect environmental and cultural concerns.
Government tells PV Tech 700-800MW new solar tender is expected to launch in late March 2020 and will feature third bidding option for projects proposing energy storage element.
