Large-scale solar PV is leading the charge as all renewable sources of electricity race towards competitiveness with conventional generation, a milestone that IRENA says is set to be reached by 2020. Noting that the levelized cost of electricity (LCOE) from utility scale solar has fallen by 73% since 2010, IRENA forecasts that cost to half again by 2020. The impressive numbers were delivered as a part of IR ...

CDC, the UK government’s development finance institution, has launched a new independent solar and wind generation company to focus on India and neighbouring South Asian nations. Ayana Renewable Power, entirely funded by CDC, will develop “hundreds of megawatts” of generational capacity with a focus on what it named “underserved” Indian states as well as the neighbouring countries of Bangladesh, Nepal, Myan ...

Chint Solar/Astronergy signed an 80MW PV module supply contract with Atlas Renewable Energy, which is developing an 80MW solar power plant located in Aquiraz, Ceará, Brazil. The project, Sol do Futuro, is scheduled to be delivered by the second quarter of 2018. Brazil has abundant and regular sunlight, and has been developing the solar industry rapidly in recent years. The Brazilgovernment plans to increase ...

Sustainable energy provider Sunseap Group has signed a memorandum of understanding (MOU) with China-based Jiangsu Linyang Energy Co to develop renewable energy and energy efficiency management solutions. The two companies plan to explore collaborations on solar photovoltaic projects both as a potential supplier of solar panels as well as potential co-investor. They also "propose to work jointly on projects ...

Enphase Energy, Inc. (NASDAQ:ENPH), a global energy technology company and the world’s leading provider of solar microinverters, announced today that its installation partner, RenXSol Ecotech has installed Enphase microinverters in a one megawatt solar plant. Located near Bangalore, India, the solar plant is Enphase’s largest installation in the Asia-Pacific region and one of its largest globally. Occupying ...

5B – the Australian solar plant innovators who are revolutionising the way the solar industry thinks about PV installations – has announced plans to set up a production facility in Adelaide, and is even looking at a “gigawatt” production line in Asia. The company was established two years ago by some young engineers who used to work at Infigen Energy, and it specialises in a unique rapid installation, fully ...

A unit of Indonesian power utility Perusahaan Listrik Negara (PLN) on Tuesday agreed with United Arab Emirates company Abu Dhabi Future Energy Co (Masdar) to develop what they said could become the world's largest floating photovoltaic plant. Masdar and PLN unit PT Pembangkitan Jawa Bali (PJB) will build a 200-megawatt floating photovoltaic (PV) power plant in Cirata dam, owned by PJB, in West Java, at a co ...

China's big solar panel manufacturers are pushing hard for market share in Japan, threatening to edge out local manufacturers as cost-conscious solar plant operators are enticed by the lower prices Chinese producers offer. Companies such as JinkoSolar Holding and Trina Solar sense an opening for their low-cost products, as plant operators in Japan look to cut spending in response to a change in the country' ...

After investments in India’s thermal power market, Macquarie Asia Infrastructure Fund (MAIF) is now planning entry into India’s rapidly growing solar power market. According to media reports, Hindustan Powerprojects Limited is planning to sell off some of its solar power assets to MAIF as the former looks to expand its solar base globally. Hindustan Powerprojects confirmed the development to an Indian busin ...

Solar power costs will fall by another 60 percent over the next decade giving an already booming market another boost, the head of the International Renewable Energy Agency (Irena) said on Monday. Solar power is in the midst of boom because of sharp drops in costs and efficiency improvements, pushing global capacity from virtually zero at the start of the century to 300 gigawatt (GW) by the end of 2016, a f ...