In other news, a Chinese consortium is planning to build a 10 GW heterojunction (HTJ) module factory in Sichuan and Risen Energy is seeking to raise around $1 billion through a private placement of shares to finance its 5 GW HTJ panel production.

A consultation about raising the level of payments made for excess household electricity injected into the grid appears to have prompted fears it could raise solar power prices across the board.

SolarPower Europe has issued a statement opposing any moves by the European Commission to impose a lower maximum electricity price on renewables than on fossil fuel energy. EU member state energy ministers will meet this week to thrash out emergency measures to protect bill payers.

The European Bank for Reconstruction and Development will contribute up to $100 million to support 150 MW of solar capacity, plus 53 MW of wind.

The Dubai Electricity and Water Authority (DEWA) has lifted the lid on the planning process for the sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park.

The local authority in Thurrock, England, has had control of its financial decisions passed to neighboring Essex County Council after racking up debts of more than GBP 1 billion ($1.1 billion) over four years, including more than GBP 800 million invested in solar bonds.

Maxwell Technology has secured orders for its heterojunction (HJT) solar cell production lines, while TBEA has agreed to sell 336,000 metric tons of polysilicon to JinkoSolar in the 2023-30 period.

Solar Energy UK members have made positive noises about a plan to shift historic, fixed-payment incentive contracts over to contracts-for-difference deals, which would limit the profits they would receive from soaring energy prices.

Developers in Greece will bid to secure annual payments for large-scale storage facilities that must be operational before 2026.

A number of Chinese PV companies – including Jinko Solar and Golden Solar – released their first-half earnings results this week.