The Indian Government has proposed a compromise to end the dispute with the World Trade Organization (WTO) over its domestic content requirement (DCR) for solar modules. A final ruling from the WTO was expected on Friday, however an official has confirmed to pv magazine this was postponed.

Enel has signed a US$1 billion framework agreement with the Bank of China and the China Export & Credit Insurance Corporation (SINOSURE) to promote the development of global projects, particularly under Enel Green Power.

Kyocera has begun construction on what it says is the world’s biggest floating solar PV plant. The 13.7 MW project is located in Japan and should be complete in 2018.

The Djibouti Government has announced work is underway on a 300 MW solar PV plant. Around EUR 360 million will be invested in the project, which is being undertaken by Switzerland’s Green Enesys. The goal of the African country is to procure 100% of its energy from renewables.

The energy storage market is shifting from R&D demonstration projects to a commercially viable market, states IHS, Inc. Q4 2015 saw a 45% increase in the global project pipeline, while 900 MW of projects are expected to be installed this year.

Mercom Capital Group has released its figures for battery/storage funding in 2015. While investment in the venture capital, and debt and public market financing sectors both fell, merger and acquisition (M&A) transactions saw a significant increase.

The Indian Government will provide around US$743 million for 5 GW of grid connected solar PV projects up until 2020. It envisages a total investment of $4.4 billion and the creation of 30,000 jobs under the program. In related news, a record low tariff of $0.063/kWh has been recorded in Rajasthan.

First Solar, Inc. has signed 500 MW of power purchase agreements with Southern California Edison (SCE) for four of its solar PV projects. The new deals see SCE with 2.2. GW of solar under contract from the thin film company.

SunEdison yesterday closed a deal to acquire a 33% stake in Virginia-based Dominion’s 567 MW solar PV portfolio. The renewable energy developer simultaneously sold the stake to Terra Nova Renewable Partners for the same amount.

Out of “at least” 51 GW of solar PV installed globally in 2015, Japan saw around 10 GW, according to calculations from the PV Market Alliance (PVMA). Since the introduction of its generous FIT in 2012, the country has approved 85.55 GW of renewable energy projects, according to reports. Solar is leading the charge.