The scandal-hit Hong Kong-based solar manufacturer has had trading in its shares suspended for six years but white knight investor Cheung Shun Lee is hoping to get it back into operation.

A group buying program which has prompted more than 600 rooftop arrays across 14 boroughs in the capital is set to be extended next month with officials hoping another 700-1,000 households will embrace the scheme by June.

The analyst has published its latest Energy Storage Outlook report and says large scale deployment will provide the majority of the 1,095 GW/2,850 GWh of battery storage worldwide in 2040, with prices driven down further by grid services demand and EVs.

Foresight Solar and Infrastructure has celebrated encouraging returns from nine months of activity but that is down to acquiring existing solar assets with the nation’s ground mount sector in the doldrums since public subsidies were halted in April 2017.

With a 300 MW pipeline in the country that could potentially double in the near future, the Milanese business says Chile’s carbon-neutral ambition will maintain a strong market for solar.

The Palo Alto company says it has improved its large scale battery offering with the new product in the wake of the success of its Powerpack-driven big battery in Australia. The Megapack can be deployed at a 250 MW/1 GWh clean energy plant four times faster than a fossil fuel alternative, claimed the business in a blogpost.

Canadian fuel cell manufacturer Ballard announces order for a dozen units as part of the European Commission’s JIVE initiative for hydrogen-powered public transport across the EU.

The state-owned China News Service today reported almost $80 million is left in the pot for large scale project subsidies this year despite almost 420 facilities with a combined generation capacity of 1.77 GW having missed out in the auction.

The solar manufacturer and developer was racing to sell off a significant chunk of its late-stage portfolio by the end of last month to rebound after assuring investors the losses registered in the first quarter of this year would prove to be a one-off.

The London-based developer revealed blockbusting annual figures which show it is debt free, has almost £20 million in the bank, raked in more than half that figure in net profits in 2018-19 and expects twice as much in a year’s time.