the pv magazine weekly digest
It’s been another typically busy week for solar in 2017. Predictions for the storage market are ballooning, while PV prices are shrinking, policy’s shifting, and ever more players are jumping into the fold.
IRENA Director: UAE’s and Saudi Arabia’s move to solar is genuine
The United Arab Emirates (UAE) and Saudi Arabia announced recently new energy strategies towards renewable energy development, prompting the renewable energy sector to question whether this shift is genuine.
SolarWorld to shut down multi production, shed 400 staff by 2019
The German-headquartered solar power company posts year-on-year revenue and shipment increases of 5% and 19%, vows to strengthen competitiveness in 2017 with focus on monocrystalline high-efficiency products. Jobs will be lost along the way, however.
Sonnedix to deploy 170 MW of solar PV in Japan
The independent power producer has signed a development partnership with GSSG Solar to build a 170 MW solar portfolio in Japan through its Japanese operator, Nippon Solar Services.
Amtech quarterly results show growth in orders and revenues
The equipment maker’s results for Q1 fiscal 2017 show a dip in revenue but growth in orders for solar equipment compared to the previous quarter.
ABB to transfer solar inverter business to new division
The Swiss power electronics company’s 2016 financial report reveals reclassification of its solar inverters as Electrification product – a move intended to aid profitability.
ABB to provide microgrid solution to Alaska community
The Swiss technology company will provide a microgrid combining battery and flywheel storage technologies to improve energy stability for around 300,000 people near Anchorage, Alaska.
Mosaic secures investor support for residential loan portfolio
In four years, the company has originated more than $1 billion in solar loans, reaching the goal it set when it was founded in 2012.
Daqo New Energy cranks new 18,000 MT polysilicon facility into gear
The company’s Phase 3A facility in China’s Xinjiang is now up and running, and should reach full production capacity of 18,000 metric tons of polysilicon the first quarter of the year.
UK energy storage: business models that wait for the policies
The Renewable Energy Association’s energy storage conference that took place in London this week affirmed the U.K.’s immense energy storage potential. To unlock this potential, however, the sector is waiting for policymakers to unveil new policies that will make country’s energy much more storage-friendly.
