Uncertainty over various duties has led to a jump in solar power tariff bids in India’s latest auctions.
GTM Research has this morning published a new analysis which predicts global solar PV installations will exceed 104 gigawatts (GW) in 2018, and will continue to exceed 100 GW per year through to at least 2022.
Canadian Solar, one of the world’s leading solar power companies, announced on Tuesday that it had successfully been awarded 364 megawatts (MW) worth of solar projects in Brazil’s most recent renewable energy auction which was held earlier this month and which awarded around 1 gigawatt (GW) of renewable energy capacity.
The entity responsible for the development of two solar power parks with a cumulative capacity of 1 gigawatts recently signed a funding agreement to finance the first phase of development.
Confusion and uncertainty is looming over the execution of India’s largest solar power park at Pavagada in Karnataka, southern India. The park is facing multiple issues related to tariffs and domestic content requirements, which is now in violation of a September 2016 WTO ruling.
As the Indian government continues to look into anti-dumping and safeguard duties against imported modules, a Chinese company is planning to set up a solar module manufacturing unit in the country.
Recent price rises in solar power modules and a sharp cut in maximum permissible tariff bids does not seem to be impacting the aggressive tender bidding in India.
SunPower, one of the world’s leading solar companies, has announced this week it has sold off the 110 megawatt Pelicano Solar Plant in Chile to leading investor Actis.
At least three major renewable energy developers in India are looking to buy the seven solar power projects awarded to SkyPower Global as the Canadian company plans to exit the highly competitive market.
Oil giant Shell has stepped up its investment in renewable energy, announcing this week that it has entered into an agreement to acquire a 43.83% stake in leading US solar developer, owner, and operator Silicon Ranch Corporation, a deal set to be worth up to $217 million.