India's ongoing state solar auctions have seen some record low prices bid for the capacity up for tender, but is it a sustainable trend? Tom Kenning reports.
SBG Cleantech, a joint venture between Japan-based solar firm Softbank, Taiwan-based manufacturing services provider Foxconn Technology Group and Indian business conglomerate Bharti Enterprises has won all 350MW capacity in yesterday’s National Solar Mission (NSM) auction in the Indian state of Andhra Pradesh at INR4.63/kWh.
Renewable energy firm SunEdison has cancelled a US$250 million deal to buy a 16% stake in Brazil’s largest renewable energy company, Renova Energia S.A, which is the second time in two months that the developer has pulled out of deals in the Latin American region.
Microsoft founder Bill Gates, Mark Zuckerberg of Facebook and a Saudi Arabian prince are among the names signed up to support the Breakthrough Energy Coalition, an initiative launched as COP21 climate talks begin today in Paris.
Many solar developers who were allocated capacity in the Indian state of Telangana’s 2GW solar auction are facing severe delays in the signing of agreements with the state’s government.
Major renewable energy provide SunEdison has reshuffled its executive team and roles with Carlos Domenech, president and CEO of its US-centric yieldco, TerraForm Power leaving the company, with immediate effect.
US solar installer Vivint Solar reported both bookings and installations in the third quarter of 2015 below the prior quarter, indicating growth has stalled in the last six months. Major renewable energy provider SunEdison is in the process of acquiring the company.
Renewable energy development company SunEdison has finished construction on New Hampshire’s largest solar power plant — a 942kW DC facility for the town of Peterborough.
