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Chinese PV Industry Brief: More wafer and polysilicon capacity and new suppy deals

Wuxi Autowell has begun construction on its 50 GW wafer factory in Guangdong province and Longi and Wuxi Shangji Automation have announced new supply deals. GCL-Poly has announced it will raise the production capacity of its factory in Jiangsu from 6,000 to 10,000 metric tons – despite the company suffering a cross-default at the weekend.

SN Power acquisition secures 10.5 GW pipeline for developer Scatec

The renewables business formerly known as Scatec Solar has added a 2.5 GW hydropower portfolio in Asia and sub-Saharan Africa and also added its first wind farm while reporting a consolidated loss of almost $43 million for the year.

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GCL-Poly cross defaults over unpaid $500m senior notes

Creditors refused to postpone payment of the three-year notes for another 36-month term and now face receiving less than 5% of the amount due once a proposed debt restructure is completed, with the balance kept back until January 2024 regardless.

Panasonic to exit solar manufacturing

The Japanese brand will continue to sell third-party-made modules under its brand in its home market, as it already does overseas, but in-house PV wafer, cell and module production will halt by the end of fiscal year 2022.

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Chinese PV Industry Brief: Another huge glass order and new profit forecasts

Module maker Risen has agreed to buy 34 GW of solar glass from Flat Glass Group (FGG). Both Trina and Goodwee announced strong profit growth for 2020.

EIB finance for Burkina Faso solar plant

The European Investment Bank will lend more than half the cost of expanding the first solar project built by the West African nation’s electric utility, from 37 MW to 50 MW.

European Commission bids to ease planning of trans-border battery and hydrogen projects

The commission has proposed updating the law which regulates the bloc’s cross-border energy networks to include new energy storage technologies and smart grids as well as removing fossil fuel eligibility for public funding.

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Poland’s first solar PPA will see photovoltaics power cement production

The local subsidiary of German company Heidelbergcement will take solar electricity from the 65 MWp Witnica solar park between Poznań and Berlin for ten years under the power purchase agreement.

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European Commission approves further €2.9bn battery research project

Companies from a dozen EU member states will commit the public funds in a bid to come up with novel battery chemistries and production methods as well as recycling and circular economy innovation.

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GCL on verge of cross default over $500m senior notes

The polysilicon manufacturer yesterday extended the deadline for postponing settlement of the investments until Friday – with the notes set to expire on Saturday.

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