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Solar photovoltaic energy going ahead in Asia and South America

Solar week roundup: China, Latin America pushing ahead with solar, Clean Energy, Chris Meehan, APR 02, 2012 News in the world of solar is increasingly becoming worldwide. As the U.S. imposed preliminary duties on Chinese silicon photovoltaics, the top 10 solar producers are looking to increase the Asian PV market for more sales. At the same time interest in Latin and South America is picking up as costs for solar continue to come down and costs for other energy sources go up.

In the U.S., the news is more mixed with some places embracing solar while others are trying to reduce incentives to support renewables. But even Minnesota could go 100 percent renewable at a small cost.  …. South America’s largest country, Brazil, is considering legislation that could grow the amount of solar in the country.

The country is considering a national net-metering program for home and small business owners, to credit PV owners for generation. And it’s considering legislation that would slash taxes on utilities by 80 percent on electricity sourced from distributed solar generation.

The Inter-American Development Bank (IDB) increased financing for solar, renewable projects in Latin America to $736 million in 2011. That’s more than it invested over the decade between 2000 and 2010, when it invested more $663 million in renewable energy projects in Latin American and Caribbean countries. The IDB also plans to invest more than $700 million in such projects in 2012.   …. http://www.cleanenergyauthority.com/solar-energy-news/solar-energy-news-week-roundup-040212/

April 4, 2012 - Posted by Christina Macpherson | ASIA, renewable, SOUTH AMERICA