The Chinese manufacturer has seen its revenue decline significantly in the second quarter of this year, despite quarterly shipments dropping just 3.1%. This performance, which confirms a trend that was already clear in fiscal year 2017, was mainly due to lower solar module ASPs. Quarterly net profit, however, has more than doubled. Despite recent developments in the Chinese PV market, the company maintains its shipment outlook for full fiscal year 2018, in which it hopes to ship between 11.5 GW and 12 GW.

In a tender for 50 MW of solar, local PV module manufacturer and project developer, Solar Philippines submitted a bid of P2.34 (US$0.044) per kWh.

Although the volume has not been disclosed, selected projects in this new auction will have to start delivering power by January 2022. In the first auction of this kind, held in June, the Brazilian power provider contracted 431.4 MW of wind and solar power.

The planned fourth round of the RenovAr program will probably not be held this year or next. The Argentinian government says grid constraints and difficult financing conditions may increase the auction’s prices.

As pv magazine has learnt, the Saudi energy giant lowered its offer to $0.02752/kWh at the last minute, beating the bid lodged by Spain’s Fotowatio, which offered $0.02791 per kWh.

The lowest bid was submitted by Spanish developer Fotowatio, which offered US$0.02791 per kWh. Slightly higher, at $0.02799 per kWh, was the offer of Saudi power company, ACWA.

The $45 million loan was granted by French financial services provider, Natixis. The solar facility, selected by the Mexican governmemt in the first energy auction of 2016, will be located in the state of Aguascalientes.

Construction on the 100 MW Kristal Solar Park is set to start in October. The facility will be located near the town of Lommel, in the Flemish province of Limburg. The project developer, local investment agency, Limburgse investeringsmaatschappij (LRM) said the project will be 34% cheaper than expected.

Cumulative PV capacity installed under the scheme reached 90 MW at the end of June. Of this capacity, around 27 MW were deployed in the second quarter alone.

In the fourth of six tenders totaling 4 GW planned for the utility-scale segment, the French government selected 103 solar projects. In the next two, and final, rounds, around 1.7 GW of additional solar capacity will be assigned.