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Shareholder dissent clouds boardroom appointments at GCL-Poly

There was significant opposition to the re-appointment of three executives at today’s AGM, suggesting unease at a strategy that involves loading ever more debt onto the manufacturer as it bids to rapidly outgrow its rivals in terms of production capacity.

New solar cheaper than coal in Vietnam within three years

A study of the relative costs of generation using coal and PV has focused on Vietnam as a case study as the nation is dependent on costly imports of seaborne coal. Analysts paint a straightforward picture explaining why a planned 32 GW new coal pipeline should be shelved.

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GCL-Poly dilutes stock to raise $87m to keep on top of debts

The polysilicon and wafer maker has been busy raising cash of late by indulging in a fire sale of project assets. With plans for ever larger production capacities to fund, it has now announced the issue of new shares amounting to more than 8% of the existing stock.

Indian developer Azure Power turns a full year profit

A profit is a profit, even if it amounts to less than $2,000, and the NYSE-listed developer appears to have turned the corner after a $14,700 loss a year ago. Borrowings are on the rise though, as the company plans to drum up an ever larger project portfolio.

UK government may step in to impose minimum price for solar power sold to the grid

The launch of the U.K. Smart Export Guarantee regime today failed to include a price floor – as predicted by trade body the STA – but the government did not rule out future intervention. Commercial customers, however, still have no way of securing payment for their excess power.

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Dubai ready to explore floating PV in Persian Gulf

Amid mounting political tensions in the region, the city has issued a call for consultants to help it towards its ambitious 2050 climate goals through the use of a PV technology which is proving increasingly popular around the world.

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GCL-Poly moves to become pure manufacturer

The polysilicon, ingot, wafer, cell and module giant made two huge announcements this week, with plans to almost double wafer manufacturing capacity just as it moves to sell off its PV project development business to state-owned energy giant China Huaneng Group.

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Ireland places first public green bond to raise €500 million for low carbon energy investment

With the Netherlands receiving more than €21 billion worth of orders after launching a ‘€4-6 billion’ exercise last month, Irish utility the ESB is hoping to ride the wave of investors subscribing to ethical schemes.

China confirms $435m solar subsidy budget for this year

The race is on to process applications for central payments across the world’s biggest solar market, particularly as qualifying projects must reportedly be grid connected this year. The final electricity price will be a major competitive factor considered by the Beijing authorities.

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Canadian Solar suffers $129m reversal in quarterly fortunes

With figures at the end of last year boosted by profitable PV project sales, the manufacturer and developer is now nursing unflattering comparisons and aims to get more projects built and sold by the end of next month.

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