Munich Re’s new policy could help lever solar investment
Insurance is seldom sexy but climate change campaigners will raise a glass to Munich Re if the industry emulates its policy to cap the financial risk related to battery warranties and helps lift global investment in energy storage as a result.
US presidential hopeful Kamala Harris supports Green New Deal
The California senator has joined former New York mayor Michael Bloomberg among the latest high-profile backers of a climate-jobs-infrastructure-social safety net concept, of which 100% renewable energy may be the least ambitious component.
Argentina: World Bank $250 million guarantee for RenovAr program
The funds will be used by the Argentinian government for solar and other renewable energy projects selected in the third round of the program. The guarantee package was approved by the World Bank in March.
The reasons India’s 10 GW solar tender will not attract big developers
Big players such as Acme, ReNew, Adani, Azure, Hero Future and Aditya Birla Solar are likely to stay away from procurement which requires 3 GW annual manufacturing commitment, says industry insider Gopal Lal Somani.
Japanese government hails new quality guidelines for PV projects
The Japanese government said the recent publication of a quality-evaluation guide for solar projects will ensure the long-term sustainability of the country’s PV sector, partly by improving maintenance standards, while serving as a potential boon for investment in the relatively dormant secondary market for operational installations.
Quality issues in Indian PV projects jeopardizing investments – report
Wildlife vandalism is the least of the worries afflicting PV system owners in India, according to a report which exposes cost-cutting in installation, non-existent warranties, serious safety concerns and improbable performance figures.
The figures for China’s booming PV industry will be seen with a tinge of regret
In what analysts worldwide are sure to look back on as the last golden period for global solar – at least for the immediate future – China saw more impressive figures for PV manufacturing in the first half of the year. Then the government stepped in.
South Korea to set new PV construction rules after landslide destroys array
The South Korean government has revealed plans to introduce new environmental guidelines and rules on where PV projects can be built, following a public outcry after a landslide smashed into an operational solar array south of the city of Daegu.
IEA: Solar PV set to lead capacity additions to 2040
In its annual flagship report, the International Energy Agency (IEA) highlights that fast-declining costs will turn solar into the cheapest source of new energy generation over the next 25 year.
