Argentina president sets tone for major renewables push in 2017

Having been slow to actively encourage solar deployment in comparison to other major South American markets, Argentina has now declared 2017 as a “Year of Renewable Energy”, under a decree from its official gazette.

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IFC invests in Hero Future Energies for 1GW renewables across India

IFC, part of the World Bank Group, will invest US$125 million in Indian renewable energy firm Hero Future Energies, which is an arm of Hero Group.

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LATIN ROUND UP: Mexico solar to boost 20-fold, Spain Q1 auction, Chilean solar powers metro

Mexico’s SENER forecasts massive solar growth, with a 20-fold increase totalling 5.4GW by the end of 2019. In Spain, the long-anticipated renewable energy auction is given a confirmation for the first quarter of this year. Over in Chile, solar energy is being used to power the Santiago metro, through SunPower’s El Pelícano project.

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Cancelled auction won’t derail Brazilian PV progress, says Canadian Solar

Brazil’s solar industry will still see strong growth despite the cancellation of Brazil’s only solar and wind auction this year, representatives of ‘Silicon Module Super League’ (SMSL) member Canadian Solar have told PV Tech.

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Siemens to deploy market-based grid balancing battery for German utility

German utility SWW Wunsiedel has ordered a large-scale battery storage system from engineering and technology giant Siemens, which will participate in weekly tenders to help balance the local grid.

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Costa Rica solar-plus-storage microgrid completed by Demand Energy

Turnkey energy storage system provider Demand Energy has commissioned a solar-plus-storage microgrid in Costa Rica at a medical manufacturing facility.

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Building services giant Lendlease takes interest in Australia solar, storage and microgrids

Property and infrastructure group Lendlease has signed a joint venture agreement (JVA) to deliver solar, battery storage and microgrid projects across Australia with Carnegie Clean Energy.

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BNDES and IDB approve US$750 million loan for Brazilian clean energy projects

Brazil’s development bank BNDES and the Inter-American Development Bank (IDB) have approved a US$750 million conditional credit facility for the Brazil’s Sustainable Energy Financing Program.

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Brazil auction cancellation leaves solar industry ‘perplexed’

The last minute decision to drop Brazil’s only solar and wind auction for 2016 has been “received with perplexity” by the Brazilian PV sector, according to the head of the country’s solar association.

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Brazil cancels only solar and wind auction of 2016

Brazil has cancelled its only reserve energy auction for wind and solar in 2016, due to an expected power oversupply in the country, according to a Reuters report.

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Indian solar park infrastructure falling behind PV development

Solar development in India is being held back by delays in preparing the 20GW of solar park capacity planned by the central government, according to consultancy firm Mercom Capital Group.

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