ReneSola needs to sell projects as Romanian loan deadline looms

The Shanghai company’s decision to go forward as a pure play developer puts it at odds with its peers and the diminishing margins reported in its Q1 figures illustrate why it may prove to be a high-stakes gamble to bet against manufacturing.

Singyes shareholders left in the dark

Stockholders in the Guangdong-based business – one the highest profile victims of Beijing’s 5/31 policy about-turn to date – were yesterday due to learn when a crucial vote on a state-sponsored Chinese bail-out of the company will take place. Publication has now been postponed until August.

GCL Poly realizes swift $166m profit in Xuzhou to pay down debt

The polysilicon giant’s Jiangsu Zhongneng unit invested $196 million into a $487 million fund alongside public partners to promote clean energy manufacturing in the Chinese city. A stake sale in the Xinjiang GCL subsidiary, if approved by shareholders, will more than recoup the group’s outlay.

‘Europe’s biggest subsidy-free solar project’ nears completion in Portugal

Chinese manufacturer Jetion Solar has supplied 221 MW of its polycrystalline modules to the scheme, which is being developed by Irish firm WElink Energy with state-owned China National Building Materials the EPC provider.

Germany and Spain to be the solar flag bearers

Traditional power Germany and a rejuvenated Spain will top the chart for new capacity additions as Europe prepares to hit more than 250 GW of new PV by 2024. Small scale systems for self-consumption will play a big role, according to consultants WoodMac.

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Saudi Arabia reportedly reduces NREP phase II bidders to around 60 companies

More than 100 domestic developers were interested in the seven-project, 1.515 GW generation capacity second round of the kingdom’s National Renewable Energy Program. That number has been reduced to dozens, according to a briefing note, and a request for proposals is expected within weeks.

Five solar projects planned in Russian Far East

An Austro-Russian conglomerate says 75 MW of new solar capacity will be commissioned by the end of November.

Saudi’s ACWA Renewables sells 49% stake to China’s Silk Road Fund

The Chinese state-owned infrastructure investment fund, which already has strong ties to the Saudi power company, will be a major shareholder in a Middle East and African clean energy portfolio that adds up to 1668 MW of generation capacity.

Shortage of polysilicon for mono-Si wafers lifts prices

Analysts have observed rising demand amid rumors of stock shortages. Meanwhile, the price of mono cells fell further, although not far enough as far as the big beasts of the PERC module jungle are concerned.

Longi to spend $349m on new 5 GW module fab in Taizhou

The world’s number one mono silicon module manufacturer will add another 5 GW to its annual panel production capacity in 2020 as it pursues 16 GW of output this year and 25 GW next year.

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