Week Review 18-22 July - China installs 22GW of solar capacity in first half; LATAM to hit 2.7GW this year

22 July 2016 by Tom van der Linden, Solarplaza

Digest of the most relevant solar news of the week that just ended.


China at full steam: 22GW installed and 27GW of production capacity reached in 1H2016

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.

Latin America to reach 2.7GW of solar capacity in 2016, says IHS

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?)

Indonesia updates solar regulations; introduces FIT

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.

SunEdison still can't find buyer for complete company; Seeks to sell TerraForm stake

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.

India to double targets; creates buffer for "SunEdison-like exigencies"

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." 

Raising Solar Capital

A lot of Nigerian solar deals

  • NBET signs $1.76bn worth of deals to buy 1,125MW of Nigerian solar power - Nigeria Bulk Energy Treading (NBET) signed agreements with 14 different developers/EPCs to buy 1,125MW worth of solar power throughout various states in Nigeria. 
  • More Nigerian PPA announcements: 330MW of solar - Indian EPC firm Sterling & Wilson was one of the companies to sign a PPA with the Nigerian government, for theconsiderable amount of 250MW of solar PV capacity, which it hopes to complete in the next 2-3 years. A partnership between Canadian companies Nova Scotia Power Development Ltd and CDIL signed a 80MW PPA for a PV project in Jigawa State.
  • 300MW MOU in Nigeria - Nigus Greenenergy and Volt Renewables signed a memorandum of understanding (MOU) with the Nigerian federal government for the development of 3 solar PV plants with a total capacity of 300MW.

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