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The Government of the Indian state of Haryana revised its state solar power policy in March 2016, having launched an original policy two years ago. The latest policy spans 2016 to 2022 with a target to add 3.2GW of solar power by the end of the six-year period. This target is in line with the central government's goal of adding 100GW of solar power by 2022, for which the state renewable purchase obligation (RPO) requirements have also been increased from 3% to 8%. As per Ministry of New and R
Rodrigo Sauia said Northeast Brazil is one of the regions with the highest solar potential of the country. Credit: CERNE Brazil¡¯s solar association (Absolar) and think-tank Strategies Centre for Natural Resources and Energy (CERNE) have signed a strategic partnership agreement aimed at boosting PV deployment in the north-east regions of Brazil. The alliance will cover the states of Rio Grande do Norte, Ceara, Piaui, Paraiba and Pernambuco, which have so
Singapore-based renewable energy developer and investor Equis has commissioned a 132.5MW solar project, which it claims is Southeast Asia¡¯s largest PV plant, in Cadiz City, Negros Occidental, the Philippines. Helios Solar Energy Corporation, a joint venture between Gregorio Araneta and solar IPP Soleq developed the project, which is expected to supply power to the equivalent 167,526 homes with 188,500MWh of renewable energy and is eligible for the Philippines government feed-in t
Renewable energy was the basis of half of all global power transactions last year with 245 deals adding up to US$68 billion and a particular focus on wind and solar, according to a new report from EY. EY's ¡®Power transactions and trends: 2015 review and 2016 outlook¡¯ report found that investors round the world are adding these renewable technologies to comply with regulations and reduce their exposure to the increasingly volatile commodities market. EY also reported
Mexico¡¯s liberalised electricity market traded openly for the first day this week as conditions continue to improve for solar developers. Bloomberg reported that the first day of trading yielded average prices of 354.69 pesos per MWh (US$19.21/MWh). Prices in Texas in 2016 are averaging US$21.07/MWh, according to data from the US Energy Information Administration (EIA). The liberalisation is part of sweeping changes to the country¡¯s energy market that have broken dow