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India: $743 million funding for 5 GW of solar, 30,000 jobs; record low tariff in Rajasthan
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.
SunEdison closes on Dominion deal, sells stake to Terra Nova
SunEdison yesterday closed a deal to acquire a 33% stake in Virginia-based Dominions 567 MW solar PV portfolio. The renewable energy developer simultaneously sold the stake to Terra Nova Renewable Partners for the same amount.
JinkoSolar to supply 1 GW of solar panels to sPower
SPower has said it will add 700 MW of clean energy to its portfolio in 2016. To meet this goal, it has contracted JinkoSolar to supply 1 GW of solar panels and hired Rosendin Renewable Energy Group to provide EPC services for its 2016 portfolio.
Developer interest wanes in Indian solar PV tender
Bridge to India says a number or reasons detered developers from participating in the 500 MW tender in Maharashtra. The research group expects a similar muted response in three upcoming tenders in Gujarat, Uttar Pradesh and Andhra Pradesh.
Solargiga boosts 2015 revenue, shipments
Solargiga saw a sharp increase in the sale of generated electricity. The Chinese company is in the process of doubling its PV module production capacity.
Asia Clean Capital secures $40 million in financing
The group will accelerate and expand its rooftop solar solutions business in China, where it covers the cost of designing, engineering, installing and maintaining solar installations for leading companies.
India: Solar capacity passes 5 GW, 750 MW project receives IFC support
Indias cumulative solar capacity has surpassed 5 GW, with 1.385 GW installed this financial year. Around 18 GW in tenders are expected to be out by March 31. In related news, World Bank Group member, IFC has pledged its support to help fund the 750 MW Rewa ultra-mega solar power project in Madhya Pradesh.
SPI to begin trading on Nasdaq
SPI Energy Co. Ltd is transferring to the Nasdaq Global Select Market for trading from January 19, 2016, under the ticker symbol “SPI”. Chairman, Peng Xiaofeng is expected to ring the bell in New York.
Shunfeng warns of 90% profit decrease, completes Suniva acquisition
In a busy week for Shunfeng International Clean Energy Limited, the Chinese company has issued a 2015 profit warning, where it expects consolidated profit to fall 90% YoY. It also now officially owns a 63% stake in Suniva; and has seen a 33 MW Australian solar project shortlisted for the next stage of competitive bidding.
IRENA: 36% renewables share to boost GDP by $1.2 trillion, create 14 million jobs
A new report from IRENA has calculated that a 36% renewable energy share in the global energy mix by 2030 would boost GDP by up to US$1.3 trillion. Over 14 million new jobs would also be created, of which solar would account for 7.2 million.
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