To have any hope of restricting global heating to a maximum of 1.5 degrees Celsius, the renewables success story which saw 108 GW of solar deployed last year needs to be cranked up to the next level – and fast.

The Shanghai-based project developer – which will soon relocate to the U.S. – says the profit margins are not high enough in those markets and has cancelled its project pipeline in the nations. The company has also changed its CEO after less than five months and is on a drive to reduce capital costs.

The political statements issued by the Conservatives, Labour, the Lib Dems and even the Green Party almost entirely ignore solar power amid a welter of vague ambitions ahead of the December vote. The increasingly obvious effects of climate change have clearly entered the consciousness of voters, though – the net zero commitment even got as high as page 55 of the Conservatives’ 62-page document.

The German solar company issued a statement over the weekend claiming it had been the victim of fraud perpetrated by its module importers and stating its intent to sue the offenders if the modules in question are found to have had their documents of origin deliberately altered.

There was unanimous approval at a vote on the debt reorganization plan put before creditors in Hong Kong today and now it remains only for the scheme to be rubber-stamped in the territory – and in Bermuda – before the task of rebuilding the soon-to-be-state-owned business can begin.

Having envisioned an 18-month transition to grid parity solar in the world’s biggest PV marketplace, developers of large scale projects are now reportedly being told the subsidy taps will be switched off at the end of December.

It is back to the meeting room for beleaguered shareholders in the debt-saddled solar project developer, ahead of a proposed shares purchase by a Chinese coal and real estate company.

The proposed acquisition of a controlling stake in the heavily-indebted PV project business of solar manufacturer GCL-Poly has fallen through, with state-owned China Hua Neng now proposing to cherry-pick the more attractive assets from the unit’s 7 GW portfolio.

The Shanghai solar manufacturer has revealed another set of record-breaking quarterly figures and says it will shift 18-20 GW of modules in 2020, en route to generating revenues of $1.17-1.23 billion.

The Chinese solar manufacturer will pay the lender an undisclosed sum if its creditors vote, as expected, to back a debt reorganization scheme which will, in turn, unlock a state bail-out of the company by Beijing.