Furthermore, Risen predicts its solar module shipments will reach 15 GW this year and Sze Tan Hung has increased her stake in solar cell and panel maker Solargiga.

IHS Markit is predicting the world will add 30% more solar capacity this year.

Shunfeng International is already overdue on debts of $381 million and a deadline for investors holding GCL-Poly senior notes worth $500 million to agree to postpone payment is due to expire today as the company prepares to vote on a $309 million, 430 MW solar project sell-off.

Longi, Trina and Risen secured solar module supply deals in a tender held by the China National Nuclear Corp. Furthermore, Xinte, Flat Glass and Chint won contracts to supply polysilicon, glass and wafers, respectively.

The news comes on the day a private equity investor in the English North East announced plans to jointly develop a 1.4 GWp solar portfolio with Canadian Solar.

With the nation almost doubling its new generation capacity figure for the year last month, the National Energy Administration is reportedly considering a joint solar and wind capacity target of 120 GW for this year.

Falling module prices will help PV post another record year after an estimated 132 GW was installed worldwide in 2020, according to an energy transition investment trends report published by Bloomberg New Energy Finance.

Longi and Risen both announced plans to build up new module and cell manufacturing capacity. Furthermore, the State Power Investment Corporation (SPIC) has revealed it deployed more than 10 GW of solar power last year.

The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.

Blockchain systems are being tested as a means of offering solar households revenue for excess power they generate, now the FIT program has ceased.