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The government laid out plans that aim to more than double Taiwan's solar power capacity in the next two years, to reach 1.52GW of cumulative installed capacity. By 2025, the country wants to achieve 20GW of solar power generation capacity. Currently, Taiwan relies on nuclear power for about a fifth or their electricity generation, which the government wants to replace with renewables to become nuclear free by 2025.
The leading Chinese solar module manufacturer announced it's leaving the European Union's Price Undertaking (UT) agreement, related to the Minimum Import Price (MIP) of solar modules. Trina Solar already left the agreement in December 2015.
The Australian Renewable Energy Agency (ARENA) announced it's granting funding for 12 large scale solar PV plants, amounting to 482MW of solar PV capacity to be added in Australia, trippling its current large-scale solar capacity of 240 MW.
Since its bankruptcy filing SunEdison has received around 100 bids for parts of the company and its assets. The sum of such scraps - &1.25b to $1.7b - however amounts to far less than the company's total debts, estimated at almost $12b (excluding its yieldcos).
Jeremy Corbyn, leader of the UK's opposition Labour Party presented an environmental manifesto which pledged to create 300,000 jobs in the renewable energy industry and would see the UK to get 65% of its energy through renewables by 2030.
The country's October clean energy auction has yielded 6,366MW worth of proposals, more than 6 times the amount the government was planning to assign. 2,834MW of that amount were solar energy proposals, while only 300MW was planned to be reserved for solar generation.
Chinese module manufacturer GCL-SI, subsidiary of GCL energy group, has risen in the ranks of BNEF's photovoltaic module manufacturers overview and has now been classified as Tier 1.