While Brexit is rocking the British economy, there is a continuous demand for solar among corporates. However, confidence seems to diminish as a lack of ambition in the governments’ Clean Growth Strategy and Brexit uncertainty cause insecurity among the industry.
After two U.S. solar manufacturers filed for bankruptcy protection earlier this year, the ITC agreed that the import of cheap solar products harms local companies. It has thus drawn up a plan of possible measures to improve the situation. President Trump received it earlier this month and has 90 days to give his pending approval.
Hungary’s government has amended its Decree 389/2007. As a result, selected PV projects that are unlikely to meet their deadline may now receive a 1-year grace period. This is a further step taken to bring along the country’s National Renewable Action Plan.
India has held its first auction for a utility-scale PV project combined with an energy storage facility. The local company Mahindra Susten won with their bid of 2.99 billion IDR (46 million USD).
In the second quarter of 2017, a record-breaking 2.4 GW were added to the U.S. solar market’s overall capacity. This is an 8% increase over last year’s results and makes it the largest second quarter ever.
After filing for insolvency in May, German solar panel manufacturer SolarWorld AG has been through a rough couple of months. Now, however, a turn of events might keep the company in business and save 500 jobs, as all involved parties agreed to sell and transfer SolarWorld to its CEO Frank Asbeck.
