China’s GCL-Si mulls purchase of semiconductor manufacturer, may leave cell, module business

GCL System Integration Technology (GCL-Si) has revealed tentative plans to buy an unspecified state-linked semiconductor manufacturer, with Chinese media reports suggesting that the Shenzhen-listed PV module supplier may leave the solar cell and module business to exclusively focus on producing wafers for the semiconductor industry.

2

Seoul escalates dispute over US solar tariffs with WTO complaint

The South Korean government has announced plans to formally launch a dispute settlement process with the World Trade Organization (WTO) over U.S. tariffs on PV cells, modules and washing machines.

1

Blockchain could significantly shape management of renewables, but challenges remain – report

The evolving outlook for project finance, as well as the gradual maturation of technologies, such as blockchain, present new challenges and opportunities for renewables, EY says in its latest Renewable Energy Country Attractiveness Index (RECAI) report. Uncertainty in the sector continues to drive a “relentless focus on cost” to soften the impact of protectionism, subsidy cuts and rising interest rates throughout the world, it adds.

1

China to power new sustainable development zone with renewables

The Chinese authorities plan to use renewable energy technologies to provide all of the electricity that will be consumed in a new economic zone that is being developed near Beijing, according to local state media reports.

GCL-Poly Energy offers $110m loan to subsidiary

China’s GCL-Poly Energy Holdings has agreed to lend US$110 million to GNE Development, a wholly owned unit of the group.

Hong Kong authorities propose generous new rooftop solar FIT

The Hong Kong government will start discussing plans from early next week to give owners of residential and commercial rooftop solar PV systems the chance to sell surplus electricity to the grid.

Solargiga unit to increase stake in PV module maker for $1.6m

Jinzhou Yangguang Energy (Jinzhou Yangguang), a subsidiary of China’s Solargiga Energy Holdings, has agreed to buy a 17.8% stake in Jinzhou Yangguang Motech Renewable Energy (Jinzhou Motech) from Motech Suzhou Renewable Energy for CNY 9.96 million (US$1.58 million), in a cash transaction.

The weekend read: Floating on optimism

The past year has been an exciting period for proponents of floating solar. A range of new projects and pilots have been announced across the globe over the past 12 to 14 months, with IHS Markit’s Solar Deal Tracker now listing floating PV installations in 24 countries throughout the world, all in varying stages of development.

1

Solargiga posts $16.96 million net profit in 2017

Solargiga Energy has recorded a net profit of CNY 107.5 million (US$16.96 million) for the year to the end of December 2017, from a net loss of CNY 239.149 million in the preceding 12-month period.

1

Tenaga Nasional signs PPAs for 60 MW in Malaysia

Tenaga Nasional Bhd. has signed power purchase agreements (PPAs) for two large-scale, grid-connected solar projects in Malaysia.

2