News

• Corrected: New York eyeing solar REC market

  08 December 2011

  New York is contemplating the creation of a solar renewable energy credit (SREC) market similar to the one established by neighbouring New Jersey, with a few notable differences, solar experts said.

• New Jersey solar REC market set for recovery

  07 December 2011

  The US cash grant programme for renewable energy installations is largely responsible for the crash in New Jersey solar renewable energy credit (SREC) prices, but the market could rebound if the programme expires, alleviating the current oversupply situation, solar experts said.

• India solar auction sees bidders slash prices

  06 December 2011

  Solar power developers in India have slashed the prices at which they build capacity – bringing forward the date that the technology will reach parity with conventional energy sources in the energy-hungry country.

• US trade body to pursue China over solar complaint

  06 December 2011

  The US International Trade Commission (ITC) will pursue a complaint made by US solar manufacturers against the Chinese solar sector, but the petition is sharply dividing the US solar sector.

• Pro-renewables NGO takes swing at DOE renewables loans

  06 December 2011

  A California-based NGO is suing the US federal government to invalidate 26 loan guarantees made under the Department of Energy's (DOE) Section 1705 programme, including guarantees to now-bankrupt Solyndra and Beacon Power.

• US renewables industry in last push for 1603 cash grants

  05 December 2011

  A large industry coalition is making a final push to extend the US cash grant programme before it sunsets at the end of the year, but the prospects may be slim in light of competing priorities for Congress.

• First Reserve and Renovalia create $1bn wind joint venture

  05 December 2011

  Private equity group First Reserve and Spanish renewables company Renovalia Energy have announced a $1 billion joint venture to develop wind farms.

• US pledges $4bn to improve energy efficiency

  02 December 2011

  The US has launched a nearly $4 billion public-private initiative to fund energy efficiency upgrades to federal and commercial buildings over the next two years.

• $1bn solar project goes ahead without DOE loan

  01 December 2011

  SolarCity and Bank of America Merrill Lynch (BoAML) will move forward with a $1 billion-plus project to install solar panels on military housing despite losing a Department of Energy (DOE) loan guarantee.

• Finance directors should consider biodiversity risk – Aldersgate Group

  01 December 2011

  Finance directors should consider the risks to the balance sheet arising from the loss of biodiversity and ecosystem services (BES), says the UK's Aldersgate Group, a business-led lobby group.