Germany: EnBW believes grid expansion can be partially avoided
Plant and grid operators start a progressive pilot project for better grid integration. This was presented at the “PV System Technology Forum” in Düsseldorf, Germany.
Global microgrid market to grow
Research and consulting firm GlobalData’s latest report shows that the global microgrid market will be worth US$18.9 billion in 2020. This will be a significant increase from US$5.3 billion in 2012.
Global microgrid market to grow
Research and consulting firm GlobalData’s latest report shows that the global microgrid market will be worth US$18.9 billion in 2020. This will be a significant increase from the US$5.3 billion reaped in 2012.
UK: Little in budget for PV
The Solar Trade Association (STA) has posted its disappointment over the 2013 U.K. Budget, handed down by chancellor George Osborne yesterday. On a range of measures, there appears little support for photovoltaics.
Japan: 3.3 MW project grid connected
The first project stemming from Solar Frontier and Belectrics collaboration in Japan has been connected to the grid today. The 3.3 MW photovoltaic power plant was completed by the companies, with Shoseki Engineering and Construction (SEC), in the town where Solar Frontiers 900 MW fab is based.
Wuxi Suntech insolvency official
The Wuxi Municipal Intermediate People’s Court in Jiangsu Province, China, has officially accepted the petition for the insolvency and restructuring of Suntech Power Holdings Co., Ltds main subsidiary, Wuxi Suntech Power Co., Ltd, submitted by eight Chinese Banks on March 18.
Australia retains renewable energy target
Despite efforts by some Australian utility companies and industry groups to see Australias Renewable Energy Targets (RET) wound back, the government has decided to maintain them. Utilities are having an impact elsewhere, with fixed electricity prices set to increase to ensure solar households pay “their share” of electricity infrastructure costs.
EU industry committee favors renewable energy FITs over quotas
A European Committee has spoken out in favor Germany-style renewable energy (EEG) feed-in tariffs, as opposed to a European-wide quota model, despite opposition from the EU Energy Commissioner.
ReneSola secures over $50 million loan guarantee from CDB
ReneSola Ltd has secured a loan guarantee worth RMB 320 million (around US$51.5 million, 39.9 million). The funds are expected to be used towards the companys domestic development in China.
Advancing solar securitization
The U.S. Department of Energy (DOE) has placed emphasis on the securitization of solar PV assets and associated cash flows in the marketplace. Securitization is expected to draw in more investors to the solar asset class. DOE’s SunShot Initiative will fund this move.
