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Clean Power Finance completes merger with Kilowatt Financial
The new company has re-branded as Spruce Finance, and has raised US$175 million in funding to deploy residential PV in 2016.
2015: The year in solar
With an international agreement in Paris on emissions reductions inspiring ambitious renewable energy goals, an extension of the U.S. Investment Tax Credit (ITC) and record low prices for installed PV, 2015 was a positive year for the global solar industry.
United PV receives $1.5bn in financing, finds Hareon in contract breach
United Photovoltaics Group Limited has received up to US$1.5 billion from CITIC Financial Leasing Co., Ltd for the development of solar PV plants in China. In other news, Hareon has reportedly breached a contract with the Hong-Kong company, worth $64.5 million.
Germany: Frustration over wait for new PV storage subsidy announcement
Funding for battery storage for small solar PV systems in Germany ceased at the end of 2015. The Federal Government is said to still be working on the new program, which should start “as early as possible in 2016,” and end in 2018. When and how exactly the support will work is still anyones guess, however.
China: Qinghai targets additional 7.1 GW of renewables in 2016
Qinghai Electric Power, the sub-company of Chinas State Grid Corporation aims to install 7.1 GW of renewable energy in 2016, the majority of which will comprise solar PV, up from the provinces cumulative capacity of 6 GW.
India to install 4.2 GW of rooftop solar under increased budget
The Indian Government has unveiled plans to install 4.2 GW of grid connected solar PV up until 2019-20 under its National Solar Mission. A budget of around US$751 million has been allocated. It is still unclear how its 40 GW 2020 rooftop target will be met, however.
CERC: Benchmark solar capital cost in India falls 28%
Indias central Electricity Regulatory Commission (CERC) calculates the capital cost for solar PV has dropped 28% from the benchmark numbers over the last two years. Meanwhile, an initial tariff of INR 7.01/kWh has been set. The final figures are to be confirmed this March 31.
Finlands Valoe sees funding boost for back contact solar technology
Valoe Corporation, formerly known as Cencorp, has received a EUR 4 million funding boost to develop its back contact solar PV technology. The company is also confident it will soon finalize financial negotiations for its first foreign manufacturing partnership agreement.
Amtech reports a spike in solar equipment orders
The PV equipment maker has reported $22 million in solar orders in its most recent quarter, mostly from an un-named solar cell manufacturer in Asia.
SunEdison to wipe out $336 million in debt, while partnership buys stake in Dominion solar portfolio
The troubled renewable energy giant is delivering on its promise to lower debt levels, while still keeping more renewable energy projects within reach.
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