India’s solar manufacturers are pushing the government to incorporate domestic production across the PV supply chain as a part of its 100 GW plans. pv magazine speaks to Vikram Solar President and CTO Ivan Saha speaks to pv magazine about the role Indian manufacturers can play in India’s solar dream.
The Financial Times has revealed that Hanergy Group has been accessing high-cost loans to fund its expansion. The FT reports that Hanergy has raised $560 million in capital through “trust products” that charge high interest rates over the last two years.
In a sign of the ongoing renaissance of solar manufacturing in the U.S., it has been revealed that SolarCity is moving its expanding Silevo team into the former Solyndra manufacturing facilities in Fremont, California. It is understood the facility will form an expanded R&D center for Silevo to continue developing its technology.
Last week PV manufacturer REC appointed a new CEO in Steve O’Neil, which will become effective on 25 March. Only last month, shareholders voted for the company’s acquisition by Norway’s Elkem Group, which itself is owned in a majority stake by ChemChina. This will allow the company to make a bold push into China, Luc Graré, senior vice president, sales and marketing, tells pv magazine.
Turkey has developed its first National Renewable Energy Action Plan, targeting 30% of its energy from renewable sources by 2023. Of this total Turkey hopes to realize 5 GW of PV.
Figures released today by Green Energy Markets reveal that the Australian commercial rooftop segment is continuing to grow. The positive signs for the sector come as ET Solar announces a deal with Australias Clean Energy Finance Corporation to roll out a AUD$33 million (US$25.5 million) commercial rooftop PPA program.
Analysts at Frost & Sullivan have added their voices to the chorus confirming that falling oil prices will have little impact on solar investment. In its Annual Global Power and Energy Outlook, Frost & Sullivan forecasts installed PV capacity to grow to almost 450 GW by 2020.
Trina Solar has announced a framework agreement to develop 500 GW to 1 GW of PV power plant projects in China over three years. The agreement is with PingAn Trust and Jiangsu Juizhou Investment Group.
The Clean Energy States Alliance (CESA) has released a guide to assist homeowners when contemplating installing solar. CESA says the guide will help, homeowners navigate the complex landscape of residential solar financing.
Chinese battery, e-mobility and solar manufacturer BYD is set to bet on the glass-glass module as it expands its panel-manufacturing operations. Tom Zhao, BYD Company’s General Manager of Global Solar Sales, says that the cost reduction potential of glass-glass modules will see the firm eventually move away from traditional module production.
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