The first half year of 2016 has been a very productive one for China's solar industry. The latest figures from China's National Energy Administration show the country has installed more than 22GW of PV capacity over the course of the first 6 months, with 11.3GW of that coming online in June alone. Domestic production of PV modules was also ramped up,reaching 27GW of capacity.
IHS expects the LATAM region to hit 2.7GW of solar PV capacity by the end of 2016. Chile leads the race, accounting for 44% of the new additions this year, with Mexico set to overtake the second position (previously held by Honduras).
(How will that capacity be managed efficiently?)
The Indonesian PV market has had limited success, due to a lack of clear support mechanisms and transparent framework. A new government decree introduces a 14.5-25 $cents/kWh FIT, with rates and capacity quotas determined by PLN's operational regions.
The developer hasn't received any bids for taking over the entire company, with all its assets. Instead, there have been over 100 indications of interests for bits and pieces of the company and its assets. SunEdison is now also taking steps to sell off it's controlling stake in its yieldco TerraForm global.
Energy Secretary Tripathy told Reuters that the new 2020 generation target of 40GW is likely to be approved by Modi's cabinet in two months. "We are adding 25 more solar parks to create a buffer for exigencies like SunEdison."