Marian Willuhn
European Court of Justice censors European Commission approval of UK capacity market
With Theresa May’s government in full scale revolt this week over Brexit, the ECJ’s ruling that the European Commission wrongly failed to find fault with the UK capacity market mechanism four years ago, is likely to have Brexiteers on both sides of parliament frothing at the mouth with indignation.
Hanwha supplying 100 MW mono PERC modules to China project
Hanwha Q Cells is continuing its collaboration with CGN Power Group. The manufacturer is delivering its Q.Peak-G5 mono-crystalline PERC solar modules to a 150 MW site in China’s Hubei province.
Sungrow bags 201 MW solar project in Vietnam
The Chinese-based manufacturer has closed a deal for the supply of its inverter solutions to the large-scale solar project in southern Vietnam. Sungrow says it has deployed a total of 1 GW of solar projects in Vietnam.
PV to take lion’s share of $120 billion annual investment
The impressive growth is unlikely to replace coal-fired power generation as it will only be sufficient to cover the predicted increase in demand for electricity. The electrification of heating, manufacturing and transportation offer room for further development.
UK storage on the fly with 6.9 GW cumulative pipeline
At an event in London, a new tool was presented which lets the user track the UK storage landscape. The market is gaining traction amidst disfavourable policies for solar PV and other renewables from Westminster. The UK’s storage portfolio seems to be growing rapidly.
Canadian Solar privatization plans on ice
Last December, the company’s CEO made a proposed transaction offer to acquire Canadia Solar. Mulling the offer, a special committee has now advised the company’s board to cease its review of the proposal, highlighting that it could not find sufficient certainty in the CEO’s ability to secure the funding for the transaction. Following the news today the CEO has withdrawn his offer.
SCI Engineered Materials prompts record revenues amidst high thin film demand
EBITDA for the third quarter of 2018 increased 146%, revenue is also performing well, with the company expecting 40% increase throughout the second half of 2018, and the company reports that its gross profit has increased by 64% compared to 2017. Citing significant order increase for solar thin film products the materials suppliers touts strong three quarters of 2018.
SolarEdge’s latest quarterly results show robust growth
The inverter maker took number one spot in the US from SMA this year, and acquired majority stakes and IP in uninterrupted power supply company Gamatronic and storage system provider Kokam. While other companies have consolidated, SolarEdge managed to report robust results.
Korea to build world’s largest solar park
President Moon Jae-in yesterday announced plans for a 3 GW project. South Korea plans to add 30 GW of PV by 2030, to improve the country’s hitherto poor renewable energy performance.
French turn on nuclear opens €45 billion renewables investment opportunity
The French government is expected to show a draft plan on how to achieve nuclear generation reduction plans. After minister Hulot left the government in August, amidst disagreements with Macron’s handling of the nuclear lobby, the parliament has voted for a bill to reduce nuclear generation capacity. If the plans are realized in compliance with the climate targets, solar and wind deployment could grow significantly.
