India to reach 57% renewable penetration by 2027, forecasts government
Bullish ten-year energy blueprint suggests India will surpass renewable targets outlined in Paris Agreement by more than 50% and three years ahead of schedule.
India: SECI’s 100 MW Andhra Pradesh solar auction shared by Azure Power and Adani
The Solar Energy Corporation of India’s 100 MW solar PV auction in the Indian state of Andhra Pradesh, issued under the domestic content requirement category, sees Adani and Azure Power win 50 MW each.
NextEnergy Capital acquires 16 MW Italian solar portfolio from Veronagest SpA
The London-headquartered renewable energy merchant bank signs share purchase agreement to acquire five Sicilian solar parks built by SunPower and developed by Italy’s Veronagest SpA.
Emerging markets deployed more GW of renewables than developed nations in 2015, finds BNEF
Latest Climatescope report by Bloomberg New Energy Finance finds that the 58 emerging market economies built 70 GW of clean power in 2015, compared to 59 GW among the 35 wealthiest OECD nations.
China: NEA adjusts PV goal to at least 105GW by 2020
China’s NEA has officially dropped the target to at least 105 GW by 2020, as well as setting goals for the PV industry and indicating that it will emphasize projects in Eastern China and the region around Beijing.
Korea’s LG CNS to build Canadian Solar’s 55 MW Japan solar farm
The project development arm of LG Group has won the contract to build the $142.55 million Japanese solar farm, which will be owned and operated by China’s Canadian Solar, with funding from Hanwha Group.
Third quarter solar installations fall 10% year-on-year across Europe, data shows
Update from SolarPower Europe reveals that the continent installed 1.56 GW in the months from June to September, a 10% decline on Q3 2015. First nine months of the year saw 5.3 GW installed, a decline of 18%.
UK: 5 MW solar farm to be built at country’s last deep coal mine
Harworth Group confirm it is to construct the 5 MW solar PV plant at land near the former Kellingley Colliery in North Yorkshire, which was the last of the U.K.’s underground coal mines to close last year.
8minutenergy & D.E. Shaw put 155 MW-AC solar project online at under $59/MWh
This is one of the lower PPAs reported for solar projects in service in the United States; however PPAs are now being signed for much lower prices.
Global solar market on course for 10th consecutive year of growth, says IHS Markit
Analyst’s quarterly data shows 2016 will deliver 34% year-on-year growth rate as Chinese demand fuels another strong 12 months for the industry, with annual installed capacity to reach 77 GW.
