Leading solar analysts say that SolarWorld’s bankruptcy, announced yesterday, should not have come as a surprise. Pointing to the current “viciously competitive” cell and module market, and the ongoing dispute between Hemlock and SolarWorld subsidiary Deutsche solar GmbH, analysts from IHS Markit and BNEF, say that the writing had been on the wall for the German company for some time.
The European solar industry’s peak body SolarPower Europe says that yesterday’s insolvency announcement, from German-based producer SolarWorld, is regrettable and that it is of “vital importance” that all parts of the solar value chain are present in Europe.
EU ProSun has described the bankruptcy of SolarWorld as a “serious blow to the German and European solar industry.” The lobby group, which has long advocated for tariffs against Chinese solar modules, “deplored” the news of the German-headquartered manufacturer’s insolvency – in a statement released minutes after SolarWorld’s official announcement.
Schmid Group and MacDermid Enthone have been selected as pv magazine’s 2017 Technology Highlights award winners. In late March, the prize jury of industry experts met to select the winners, from a shortlist of eight innovative new PV production equipment and materials. Dozens of entries to the award were received from suppliers worldwide. Alongside the two winners, the jury selected Sinton Instruments as worthy of special commendation as having provided the ‘Technology to Watch’ in 2017.
The Australia residential storage market is booming on the back of a combination of regulatory changes and market dynamics. However, with upwards of 30,000 systems set to be plugged in this year, the influence of early adopters deploying solar+storage to new installations remains a dominant driving force in the current market.
Tesla founder Elon Musk has thrown down a challenge to the Australian government, saying that he can build a battery array capable of resolving South Australia’s energy stability issues within 100 days. Musk took to social media to make the challenge, saying that Tesla could develop a 100 MWh system to stabilize the state’s electricity network, within 100 days of a contract being signed, or that he’ll provide it for free.
The European solar market decreased by 21% last year. This disappointing if not unexpected news opened SolarPower Europe’s annual summit in Brussels today. Grid integration of Europe’s solar capacity, EU market rules for protecting the ‘prosumer’ and reforms to the continent’s faltering Emissions Trading Scheme were major themes during the plenary session.