In a reversal of earlier plans by energy minister Sigmar Gabriel, Germany's government is preparing to extend an incentive programme for PV storage systems, but in a modified form, according to legislators and the energy ministry.
India needs $110bn of annual energy investment to 2040 – 75% of it in an increasingly renewable but currently inadequate power sector – to keep pace with soaring demand in a nation set to become the world’s most populous, the International Energy Agency (IEA) said today.
27 November 2015 10:37 GMT
Yingli expects to record net revenue of $340m to $350m in the third quarter, down sharply from 2.7bn yuan ($422.7m) in the April-June period, and will likely book a non-cash impairment charge of 3.7bn yuan, primarily because some of its factories have been operating below full capacity.
25 November 2015 04:06 GMT
The Canadian province of Saskatchewan has set a 50% renewable power target for 2030, requiring a doubling of its current capacity, and set in motion both near- and longer-term competitive procurement rounds for new wind farms and other renewables projects.
24 November 2015 07:50 GMT
Duke Energy has secured Google as the launch customer in a program in North Carolina that provides renewable energy to offset new load at facilities – in this case, 61MW of solar power for expansion of the internet giant’s data center there.
24 November 2015 05:15 GMT
Rachel Notley, Alberta’s recently elected premier, delivered a shockwave to the Canadian renewables market, pledging that the province will source 30% of its electricity from renewables by 2030 as it phases out coal-fired generation entirely.
23 November 2015 03:51 GMT
Renewables financiers are taking a dim view of the odds of an extension of the US solar investment tax credit (ITC) before the end of next year, predicting it will fall victim to politics much as the wind production tax credit (PTC) has.
23 November 2015 08:47 GMT
Mortenson Construction, a leading builder of utility-scale wind and solar projects in North America, has launched into the energy storage market, adding to the growing list of renewables heavyweights diversifying into the storage business.
17 November 2015 08:37 GMT
The Brazilian government on Friday contracted 1.15GW (dc) of future PV capacity from 33 projects at an average of R$297.75/MWh ($77.86/MWh), taking a decisive step towards making solar a part of its plans for a diversified future energy supply.
13 November 2015 06:52 GMT
E.ON posted a painful loss in the first nine months of 2015 as the company assumed massive impairment charges ahead of the spin-off of a new fossil-power-based unit called Uniper that is set to be finalised on 1 January 2016.
11 November 2015 11:03 GMT
Renewable energy has become the second-largest source of electricity generation after coal and contributed almost half of the world’s new power capacity in 2014, according to the International Energy Agency (IEA).
10 November 2015 04:42 GMT
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