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Though many regions of China have reached grid-parity, the northwest region of Ningxia has remained quite reliant on government subsidies to be able to compete with cheaper coal. An increasing backlog ($17.4 billion USD is no small sum) of delayed subsidy-payments are causing solar plant operators to struggle with maintaining operations and even face bankruptcy risks.
A new report by EnergyTrend reveals that prices for monocrystalline modules have fallen almost 20% this year, while polycrystalline panels even dropped by more than 25%. Though widespread consolidation is expected, global cell and module production capacity is expected to reach 150 GW this year.
The International Energy Agency's latest annual report forecasts an extra 1.3 terawatts of clean energy by 2023. Even its more conservative forecast puts that number at at least 1 TW. Such a growth would up the share of renewables in the global energy mix to 30 percent. Solar energy is set to triple in five years.
Policy guidelines were published in relation to Greece's renewable energy auctions, planned for December. In order to reach its goal of 300 MW of capacity by year's end, the government will put 194 MW worth of PV capacity up for auction.
The Spanish government seems intent on once again creating a more hospitable environment for solar development. After introducing new rules for self-consumption and suspending the solar tax (temporarily, with the permanent decision pending), it was revealed that new provisions to reduce the time frame of project registration under the self-consumption regime and simplification of the bureaucratic procedures are also under review.
Scraping together money from a consortium of 9 banks, F2i managed to collect €995 million worth of financing to acquire a 333 MW solar project portfolio from RTR.
The German renewables operator Encavis acquired an 80% stake in a 300 MW solar PV plant near the town of Talayuela, Spain. For the sum of €225 million, developer Solarcentury parted with 80%, while retaining 20%.