The government may not fancy solar much, but that won’t stop the sector bouncing back big-time … albeit in two years’ time. Maybe London’s Underground network can help kick-start a desperately needed solar renaissance.
The PV business of the Japanese corporation is again the villain, as the conglomerate’s Life and Environment Group posts the only first-half business loss among otherwise impressive figures. The solar division has issued a profit warning.
Solar trade lobby group the STA has voiced its disapproval after Chancellor Philip Hammond yesterday announced plans to ease the tax burden on workers but had nothing to offer an industry which has seen a 95% fall in installations in three years.
Poly manufacturer and developer raises another $44m to pay down its huge debt pile after selling an 80% stake in two solar projects in its homeland.
The struggling Chinese manufacturer has withdrawn its appeal against a Chinese court decision it must repay medium term notes it failed to honor in 2015 and 2016. Yingli is struggling to stay afloat after a series of disastrous financial updates.
The Chinese manufacturer – which is gambling on a big rebound in global appetite for the raw material for PV panels materializing soon – will devote all of its $143m solar subsidy income to paying off a daunting amount of borrowing.
The Indian state has set an electricity price ceiling of INR3.10/kWh and reserved the right to cancel the auction if it doesn’t fancy the resulting tariff. Bidders can go for projects ranging in size from 5 MW up to the whole capacity on offer.
The Hong Kong-based thin film manufacturer’s parent company may not be able to deliver mammoth panel orders on time, but looks set to arrange a HK$5/share deal to take the troublesome unit back in house and list it on the A-share index, in a move which will come as a relief to shareholders stuck with its stock since May 2015.
Minister announces new-year changes to try and drive further PV adoption in the populous southeast Asian nation.
Analysts are weighing into the debate over the Ministry of New and Renewable Energy’s big solar plans, but pointing out even a partial victory would set the foundation for future solar triumphs.
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